Unitec Fibres IPO

Incorporated in February 2005, Unitec Fibres Limited manufactures Recycled Polyester Staple Fibre (RPSF) from recycled PET flakes, PET chips and post-consumer polyester waste. Its products serve automotive, home furnishing, textile and non-woven applications, including carpets, roof liners, upholstery and spinning. The company operates two manufacturing facilities in the M.I.D.C. Tarapur Industrial Area, Maharashtra, with combined installed capacity of 27,984 MTPA, while developing an additional facility in Valsad, Gujarat. Unitec Fibres holds ISO 9001:2015, ISO 14001:2015, OEKO-TEX® and Global Recycled Standard certifications. The company focuses on recycling, sustainable manufacturing, product quality and expanding its production capabilities.

Unitec Fibres Limited IPO Overview

Unitec Fibres Limited IPO is a bookbuilding issue of ₹34.47 crore comprising 39,16,800 fresh equity shares. The IPO opens for subscription on 23 September 2026 and closes on 25 September 2026. The IPO price band is fixed at ₹83 to ₹88 per share, with a lot size of 1,600 shares. The minimum retail application comprises two lots, or 3,200 shares, requiring ₹2,81,600 at the upper price band. The minimum S-HNI application is three lots, or 4,800 shares, amounting to ₹4,22,400. Allotment is expected on 28 September, refunds are scheduled for 28 September, shares are expected to be credited on 29 September and tentative listing is scheduled for 30 September 2026 on BSE SME. Smart Horizon Capital Advisors Pvt. Ltd. is the lead manager, Bigshare Services Pvt. Ltd. is the registrar and Shreni Shares Ltd. is the market maker.

Unitec Fibres Limited IPO Details

Particulars	Details
IPO Date	23 September 2026 to 25 September 2026
Listing Date	30 September 2026
Face Value	₹10 per share
Issue Price Band	₹83 to ₹88 per share
Lot Size	1,600 Shares
Total Issue Size	39,16,800 shares (aggregating up to ₹34.47 Cr)
Fresh Issue	39,16,800 shares (aggregating up to ₹34.47 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,05,01,778 shares
Share Holding Post Issue	1,44,18,578 shares
Market Maker Portion	2,00,000 shares

Unitec Fibres Limited IPO Reservation

Investor Category	Shares Offered
QIB	18,48,000 shares (49.72% of Net Issue)
Retail	13,05,600 shares (35.13% of Net Issue)
NII (HNI)	5,63,200 shares (15.15% of Net Issue)
Market Maker	2,00,000 shares

Unitec Fibres Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	3,200	₹2,81,600
Retail (Max)	2	3,200	₹2,81,600
S-HNI (Min)	3	4,800	₹4,22,400
S-HNI (Max)	7	11,200	₹9,85,600
B-HNI (Min)	8	12,800	₹11,26,400

Unitec Fibres Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	94.20%
Post-Issue	68.61%

Unitec Fibres Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹7.23 (Pre-IPO) / ₹5.27 (Post-IPO)
Price/Earnings (P/E) Ratio	12.17x (Pre-IPO) / 16.70x (Post-IPO)
Return on Net Worth (RoNW)	11.69%
Net Asset Value (NAV)	₹61.89
Return on Equity	12.41%
Return on Capital Employed (ROCE)	9.05%
EBITDA Margin	7.03%
PAT Margin	3.39%
Debt to Equity Ratio	1.19

Objectives of the Proceeds

Repayment or prepayment of certain borrowings availed by the company, with an estimated allocation of ₹31 crore.

Remaining net proceeds will be utilised towards general corporate purposes, subject to applicable regulatory limits.

Key Financials (in ₹ crore)

Particulars	31 Mar 2026	31 Mar 2025	31 Mar 2024
Assets	169.35	122.96	90.46
Revenue / Total Income	224.86	227.13	204.99
Profit After Tax	7.60	8.22	7.42
Reserves and Surplus	54.49	46.90	38.68
Total Borrowings	77.19	36.64	15.72

IPO Strengths

I. Sustainable polyester waste recycling and eco-friendly product portfolio.

II. Modern manufacturing facilities with expanding production capacity.

III. Strong quality assurance backed by global certifications.

IV. Experienced promoters and management team.

V. Established customer relationships supported by a healthy order book.

Peer Group Comparison

Company Name	EPS (Basic)	EPS (Diluted)	NAV (₹)	P/E (x)	RoNW (%)	P/BV Ratio
Unitec Fibres	7.23	7.23	61.89	—	11.69	—
Ganesha Ecosphere	14.50	14.48	476.07	68.88	3.00	2.09
Divyadhan Recycling Industries	1.19	1.19	26.78	39.29	4.45	1.77