Unitec Fibres
What they do: The company is engaged in the manufacturing, processing, trading, importing, and exporting of various types of synthetic and natural fibers, yarns, textiles, and related raw materials.
By IPO Milega Research · Published
Unitec Fibres Limited shows a stable financial performance with consistent revenue and profit growth over the past three years.
- GMP (unofficial)
- +0%
- ₹0 a share
- Subscribed
- 3.78x
- Total
- Retail odds
- 40%
- 1 in 2.5
GMP is an unofficial grey market indication.
- Price band
- ₹83-88
- Lot size
- 3200 shares
- Min. investment
- ₹2,81,600
- Issue size
- 34 Cr.
- Open23 Sept 2026
- Close25 Sept 2026
- Allotment28 Sept 2026
- Listing30 Sept 2026
Overview
Estimated from the current subscription figures. Tap a category to work it out for your application size.
- QIB
- 5.3x
- NII
- 4.74x
- Retail
- 2.51x
₹88 (+0.00%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials7.0
- Performance7.0
- Flexibility7.0
- Timing5.0
- Risk4.0
The Grey Market Premium (GMP) is currently at 0.00%, indicating no expected gains on listing. The company's stable financial performance and expansion plans are positive, but significant risks and market uncertainties may dampen investor enthusiasm.
Strengths3
- Maintained a high capacity utilization rate of over 90% across manufacturing units.
- Expanded export markets significantly, especially in Bangladesh, France, and the UK.
- Acquired land for a new manufacturing unit to increase production capacity.
Concerns5
- Heavy reliance on top customers contributing 45.94% of revenue.
- Potential disruptions in manufacturing due to equipment failures or natural disasters.
- Legal proceedings with financial liabilities totaling ₹776.87 Lakhs.
- Delays in payments and filings leading to potential penalties.
- Unsecured loans of ₹1,401.30 Lakhs that can be recalled anytime.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,81,6002 lots, 3200 shares
- Retail Maximum2,81,6002 lots, 3200 shares
- S-HNI Minimum4,22,4003 lots, 4800 shares
- S-HNI Maximum9,85,6007 lots, 11200 shares
- B-HNI Minimum11,26,4008 lots, 12800 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | 2,81,600 |
| Retail Maximum | 2 | 3200 | 2,81,600 |
| S-HNI Minimum | 3 | 4800 | 4,22,400 |
| S-HNI Maximum | 7 | 11200 | 9,85,600 |
| B-HNI Minimum | 8 | 12800 | 11,26,400 |
Timing
5.0/10The market timing for Unitec Fibres' IPO is moderate. While there are opportunities due to ongoing economic activities, the prevailing uncertainties in tax policies, geopolitical tensions, and foreign investment restrictions pose significant risks. These factors could affect investor confidence and market stability, making the timing less than ideal but not entirely unfavorable.
- Time to market
- The IPO is being launched amidst a backdrop of economic and geopolitical challenges. The Finance Act, 2024, and potential changes in tax policies could impact investor sentiment. Additionally, geopolitical tensions and foreign investment restrictions add to the uncertainty. These factors suggest a moderate timing for the IPO, with both opportunities and risks present.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Neutral
- Time to market
- 5.0
- Listing on
- BSE SME
Key milestones
- 23 Sept 2026IPO Opens
- 25 Sept 2026IPO Closes
- 28 Sept 2026Basis of Allotment
- 29 Sept 2026Refunds Initiated
- 29 Sept 2026Credit to Demat Account
- 30 Sept 2026Listing Date
Financials
7.0/10- Revenue
- ₹225 Cr
- -1.0%
- Profit after tax
- ₹7.6 Cr
- -7.5%
- Net margin
- 3.4%
- -0.2 pts
- Assets
- ₹169 Cr
- +37.7%
- Return on equity
- 11.68
- Debt to equity
- 1.47
- Current ratio
- 1.08
- Revenue CAGR
- 4.8%
- ROCE
- 9.05%
- Return on net worth
- 11.69%
- NAV per share (₹)
- 61.89
Financial performance trend
Amount ₹ in croresUnitec Fibres Limited shows a stable financial performance with consistent revenue and profit growth over the past three years. The company has a strong asset base and has managed to increase its equity and reserves significantly. However, the increase in both long-term and short-term borrowings has led to a higher debt-to-equity ratio, which could be a concern if not managed properly. The company has not declared dividends in the past three years, indicating a focus on reinvestment or debt servicing.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks4
- Market risks2
- Operational risks1
- Regulatory risks1
The company faces significant financial, operational, and regulatory risks, including customer concentration, legal liabilities, and market volatility, impacting its financial stability and growth prospects.
How the company offsets these
Diversifying customer base and securing long-term contracts can mitigate financial risks.
Financial risks4
- Heavy reliance on top customers contributing 45.94% of revenue.
- Legal proceedings with financial liabilities totaling ₹776.87 Lakhs.
- Delays in payments and filings leading to potential penalties.
- Unsecured loans of ₹1,401.30 Lakhs that can be recalled anytime.
Market risks2
- Exposure to changes in government policies, interest rates, and economic conditions.
- Potential price volatility and lack of active market post-IPO.
Operational risks1
- Potential disruptions in manufacturing due to equipment failures or natural disasters.
Regulatory risks1
- Legal proceedings with financial liabilities totaling ₹776.87 Lakhs.
Performance
7.0/10Unitec Fibres Limited, engaged in manufacturing Recycled Polyester Staple Fibre (RPSF), has shown stable revenue performance over the past three years, with a slight decline in FY 2025-26. The company is expanding its manufacturing capacity with a new facility in Gujarat. Despite a decrease in profitability margins, the company maintains a strong focus on sustainability and quality, supported by ISO certifications. The management team, led by experienced directors, is focused on reducing debt and expanding customer relationships.
- Historical growth
- The company has shown a steady increase in revenue from FY 2023-24 to FY 2024-25, followed by a slight decline in FY 2025-26., Moderate growth with a 10.91% increase from FY 2023-24 to FY 2024-25, followed by a 0.96% decrease in FY 2025-26.
- Market comparison
- The company operates in a competitive industry with major players like Ganesha Ecosphere Limited. It has a niche focus on recycled polyester, which aligns with global sustainability trends.
- Future potential
- The company is expected to grow with the expansion of its manufacturing capacity and increased focus on export markets.
- Operational consistency
- The company has maintained a stable revenue stream with a slight decline in the most recent year, indicating consistent operational performance.
- Experience
- The management team is led by Mr. Virander Behl with over 21 years of experience and Mr. Vijay Omjagdish Behl with over 10 years of experience in the industry.
- Track record
- The management has successfully expanded the company's operations and maintained high-quality standards.
Key achievements
- 01Maintained a high capacity utilization rate of over 90% across manufacturing units.
- 02Expanded export markets significantly, especially in Bangladesh, France, and the UK.
- 03Acquired land for a new manufacturing unit to increase production capacity.
Flexibility
7.0/10The company operates in a growing industry with increasing demand for recycled products, but its market adaptability is limited by its reliance on a few key customers and domestic markets.
The company shows strong operational agility with high capacity utilization rates and plans for expansion to meet growing demand.
The company demonstrates moderate flexibility and adaptability, with strengths in product diversification and operational agility, but faces challenges in financial stability and market adaptability.
- Product diversification
- The company offers a diverse range of recycled polyester staple fiber products with various specifications, catering to multiple industries such as home furnishings, automobiles, and textiles.
- Future adaptability
- The company has potential for future adaptability through its focus on sustainability, expansion plans, and leveraging government incentives for recycling and manufacturing.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.