Overview
Updated 12 days agoUnitec Fibres Limited is an Indian company engaged in the manufacturing of Recycled Polyester Staple Fibre (RPSF) from PET waste. The company is launching an initial public offer of 39,16,800 equity shares to raise funds for debt repayment and general corporate purposes.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,40,800 |
| bNII (min) | 8 | 12,800 | ₹11,26,400 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 31 Oct, 16:42 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Textile |
| Price band | ₹83–88 |
| Final issue price | ₹88.00 |
| Face value | ₹10 per share |
| Lot size | 1,600 shares |
| Minimum investment | ₹1,40,800 |
| Issue size | ₹34.00 Cr |
| Market cap at upper band | ₹127 Cr |
| P/E at upper band | 12.2x |
| Registrar | BIGSHARE SERVICES PVT LTD |
| Lead managers | Smart Horizon Capital Advisors Private Limited |
| NSE symbol | UNITEC |
| ISIN | INE0WOK01014 |
Shareholder quota and promoter holding
Company & business
Unitec Fibres Limited, incorporated in 2005, is primarily engaged in the manufacturing and sale of Recycled Polyester Staple Fibre (RPSF) produced from PET flakes, PET chips, and other PET waste. The company's products find applications in industries such as automobiles (carpet, roof liners, trunks), home furnishing (sofa, curtains, carpets), and textile sectors (spinning mills). The company operates two manufacturing units in Thane, Maharashtra, and is in the process of setting up an additional unit in Valsad, Gujarat. The company's manufacturing process focuses on the regeneration of polyester fibre, contributing to resource conservation and waste reduction.
Objects of the issue — how the money will be used
- Repayment/prepayment of all or certain of our borrowings availed of by our Company (₹31 Cr)
- General corporate purposes
Key strengths
- Polyester waste recycling and sustainable products
- Established manufacturing units with significant capacity
- Quality certifications including ISO 9001:2015 and ISO 14001:2015
- Experienced promoter and management team
- Established order book
Key risks
- Geographic concentration of revenue in specific Indian states
- Dependence on a limited number of key customers
- Dependence on a limited number of suppliers for raw materials
- Operational risks associated with manufacturing facilities
- Potential conflicts of interest with promoters and group companies
- Negative cash flows in past years
- Outstanding legal proceedings
- Limited availability of comparable listed peer companies
Promoters
Mr. Vijay Omjagdish Behl, Mr. Virander Behl, Ms. Devina Virander Behl, Mr. Rajiv Behl, Mr. Mihir Suvanam, Magic Films Private Limited
Decoded from the RHP with AI on 01-Nov-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY24 | 204.14 | -- | 7.42 | 90.46 | 49.18 | 16.91 |
| FY25 | 226.42 | -- | 8.22 | 122.96 | 57.40 | 36.64 |
| FY26 | 224.24 | -- | 7.60 | 169.35 | 65.00 | 77.19 |
Key performance indicators · FY26
Peers & valuation
Listed peers as chosen by the issuer in the offer document (Basis for Issue Price).
| Company | Revenue (₹ Cr) | EPS (₹) | P/E | RoNW % | NAV (₹) |
|---|---|---|---|---|---|
| Unitec Fibres this issue | 224.2 | 7.23 | 12.2x | 11.69 | 61.89 |
| Ganesha Ecosphere Limited | 1,481.7 | 14.50 | 68.9 | 3.00 | 476.07 |
| Divyadhan Recycling Industries Limited | 79.4 | 1.19 | 39.3 | 4.45 | 26.78 |
This issue is priced at 12.2x P/E against a peer median of 54.1x: a discount of 77%. A measurement, not a verdict.
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Panchatv BharatPANCHATV · BSE · SME · Textile−12.5%18 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.