| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 204.14 | 226.42 | 224.24 |
| Expenses | 194.44 | 215.45 | 213.83 |
| Other Income | 0.85 | 0.72 | 0.61 |
| Total Revenue | 204.99 | 227.13 | 224.86 |
| Profit Before Tax | 10.55 | 11.68 | 11.02 |
| Net Profit | 7.42 | 8.22 | 7.60 |
Unitec Fibres
Unitec Fibres IPO
₹2,65,600
0.15 xOver-subscribedBidding Dates 23 Sept, 26 -25 Sept, 26
Min Investment ₹2,65,600
Lot Size1,600
Price Range ₹83 – ₹88
Issue Size ₹34.47 Cr.
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IPO Subscription Details
Retail Subscription Details
0.11 x
Non-Institutional Buyers (sHNI)
0.13 x
Non-Institutional Buyers (bHNI)
0.6 x
Qualified Institutional Buyers (QIB)
0 x
Total0.15 x
0.15 x IPO Timeline
IPO Offer Start
23 Sept,26
IPO Offer Ends
25 Sept,26
Allotment Finalisation
28 Sept,26
Refund Initiation
29 Sept,26
Listing of Shares
30 Sept,26
IPO Analysis
Strengths
The company utilizes PET waste, polyester waste, and discarded PET bottles to manufacture RPSF, contributing to a circular economy by reducing landfill waste and minimizing carbon footprint. Products are offered in wide color and denier ranges, reducing the need for additional dyeing and conserving water and energy.
The company operates two manufacturing units at M.I.D.C., Tarapur with a combined installed capacity of 27,984 MTPA, achieving capacity utilization of 90.85%, 90.98%, and 92.32% in FY2026, FY2025, and FY2024 respectively. An additional Unit 3 is being established on ~47,494 sq. mtrs. of land in Valsad, Gujarat.
The company holds ISO 9001:2015 (Quality Management), ISO 14001:2015 (Environmental Management), Oeko-Tex Standard 100 Eco-Passport, and Global Recycled Standard (GRS) Version 4.0 certifications, validating its commitment to quality, safety, and sustainability.
Risks
A significant portion of the company's domestic revenue is concentrated in Gujarat, Maharashtra, Tamil Nadu, and Haryana, contributing 59.52%, 55.67%, and 59.14% of revenue from operations for FY2026, FY2025, and FY2024, respectively. Any adverse regional developments, economic slowdowns, or competitive pressures in these markets could materially impact revenues and cash flows.
The top 10 customers accounted for approximately 45.94%, 45.07%, and 47.64% of revenue from operations for FY2026, FY2025, and FY2024, respectively, with no long-term contractual arrangements in place. Loss of any key customer or reduction in orders could materially and adversely affect the company's revenues, profitability, and cash flows.
The top 10 suppliers accounted for 64.64%, 57.83%, and 64.64% of total purchases for FY2026, FY2025, and FY2024, respectively, with no long-term supply agreements in place. Any supply disruptions, pricing changes, or supplier insolvency could adversely impact production schedules, operational efficiency, and margins.
Objectives
The company proposes to utilize a portion of the Net Proceeds towards repayment/prepayment of certain secured borrowings availed from banks and financial institutions, including term loans and cash credit facilities, to reduce outstanding indebtedness, lower debt servicing costs, and improve the debt-to-equity ratio.
The company intends to deploy the balance Net Proceeds towards general corporate purposes including meeting operating expenses, initial development costs, strengthening business development and marketing capabilities, and meeting unforeseen exigencies, subject to applicable regulatory limits.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 90.46 | 122.96 | 169.35 |
| Current Assets | 57.72 | 66.24 | 70.92 |
| Fixed Assets | 32.74 | 56.72 | 98.43 |
| Total Equity & Liabilities | 90.46 | 122.96 | 169.35 |
| Total Liabilities | 41.28 | 65.56 | 104.35 |
| Current Liabilities | 36.51 | 42.55 | 65.88 |
| Non Current Liabilities | 4.77 | 23.01 | 38.47 |
| Total Equity | 49.18 | 57.40 | 65.00 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -4.17 | 2.31 | -2.34 |
| Investing Activities | -7.79 | -27.85 | -45.08 |
| Operating Activities | 21.42 | 11.75 | 4.00 |
| Financing Activities | -17.79 | 18.41 | 38.74 |
About Unitec Fibres
Unitec Fibres Limited is engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF) using recycled raw materials such as PET flakes, PET chips, and polyester waste sourced from discarded plastic bottles and post-consumer waste streams. The company operates two manufacturing units at MIDC, Tarapur, Palghar, with a combined installed...more
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Managing DirectorMr. Virander Behl
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