SME

IPO ·

BSE SME

Unitec Fibres Ltd

Listed

Makes recycled polyester staple fibre from PET flakes and polyester waste for auto, furnishing and textile uses.

Issue details

Price band

₹83 – ₹88

Face value

₹10

Lot size

1,600 shares

Minimum investment

₹2,81,600

Issue size

₹34.47 Cr

Fresh issue

—

Offer for sale

—

Issue type

Book Built

Exchange

BSE SME

Key dates

Opens

23 Sep 2026

Closes

25 Sep 2026

UPI mandate cut-off

5:00 PM on 25 Sep 2026

Allotment

28 Sep 2026

Refunds

28 Sep 2026

Shares in demat

29 Sep 2026

Listing

30 Sep 2026

Subscription and listing

Subscription

3.16x

Listing price

₹90

Registrar

Bigshare Services Pvt Ltd

Lead manager

Smart Horizon Capital Advisors Pvt Ltd

Subscription by category

Total

3.16x

Total applications

1,446

Anchor investors

Amount raised

₹9.74 Cr

Bid date

22 Sep 2026

50% lock-in ends

28 Oct 2026

Rest lock-in ends

27 Dec 2026

Listing day

Issue price

₹88

Open

₹90.00

High

₹93.60

Low

₹86.03

Day close

₹90.60

Listing gain at open

+2.27%

Issue structure

Shares reserved per category and share of the total issue

QIB

18,48,000

47.18%

Anchor Investor

11,07,200

28.27%

QIB (Ex. Anchor)

7,40,800

18.91%

NII

5,63,200

14.38%

bNII > ₹10L

3,76,000

9.60%

sNII < ₹10L

1,87,200

4.78%

Retail

13,05,600

33.33%

Market Maker

2,00,000

5.11%

Total

39,16,800

100.00%

Finaccle’s quick read

Avoid

Income down about 1% and PAT down about 8% in FY26, with borrowings rising to ₹77.19 Cr, debt/equity of 1.19 and ROCE of 9.05%.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Unitec Fibres makes recycled polyester staple fibre from PET flakes, chips and other polyester waste. Its fibre is used in carpets, car roof liners and trunks, sofas, curtains and spinning, serving auto, home furnishing and textile customers. It runs two plants at MIDC Tarapur, Maharashtra, with 27,984 MTPA capacity and plans a third in Valsad, Gujarat; it has 171 permanent staff.

Founded

2005

2005

Promoters

Vijay Omjagdish Behl, Virander Behl, Devina Varinder Behl, Rajiv Behl, Mihir Suvanam, Magic Films Pvt. Ltd.

Vijay Omjagdish Behl, Virander Behl, Devina Varinder Behl, Rajiv Behl, Mihir Suvanam, Magic Films Pvt. Ltd.

Products and segments

Recycled Polyester Staple Fibre (RPSF) for automotive, home furnishing and textile uses

Recycled Polyester Staple Fibre (RPSF) for automotive, home furnishing and textile uses

Promoter holding

94.2% pre-issue; 68.61% post-issue

94.2% pre-issue; 68.61% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

224.86

224.86

15.77

7.60

7.60

65.00

77.19

77.19

169.35

FY25

FY25

227.13

227.13

17.45

8.22

8.22

57.40

36.64

36.64

122.96

FY24

FY24

204.99

204.99

16.78

7.42

7.42

49.18

15.72

15.72

90.46

ROE

12.41%

ROCE

9.05%

Debt / equity

1.19

PAT margin

3.39%

P/E post issue

16.7

Market cap

₹126.88 Cr

Use of IPO money

Repayment/prepayment of borrowings

₹29.90 Cr

General corporate purposes

₹0.10 Cr

Issue expenses

₹4.47 Cr

Strengths

✓

Recycling-based product with sustainability appeal

✓

Global certifications including GRS and OEKO-TEX

✓

Two plants with nearly 28,000 MTPA capacity

✓

Entire issue is fresh; most proceeds cut debt

Risks to watch

!

PAT fell from ₹8.22 Cr to ₹7.60 Cr in FY26

!

Income slipped about 1% in FY26

!

Borrowings more than doubled to ₹77.19 Cr; D/E 1.19

!

Thin PAT margin of 3.39% and ROCE of 9.05%

!

Exposed to PET waste and polyester price swings

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.