Unitec Fibres Ltd IPO
Textiles
Price Band
₹83 – ₹88
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹281600
Issue Size
₹34.47Cr
Opens
2026-09-23
Closes
2026-09-25
Listing
30-09-2026
Subscription Status
Qualified Institutional Buyers
5.3 x
Non-Institutional Investor
3.7 x
Retail Individual Investor
2.45 x
Total
3.54 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE0WOK01014
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Unitec Fibres is a manufacturer of Recycled Polyester Staple Fibre (RPSF) using recycled polyester raw materials such as PET flakes, PET chips and other polyester waste. Its products are used in the automobile, home furnishing and textile industries, including for car carpets, roof liners, trunks, sofas, curtains, carpets and spinning mills. The company processes recycled materials into fibre, based on customer requirements such as colour and density. It has two operational manufacturing units at M.I.D.C., Tarapur Industrial Area, Palghar, Maharashtra, with a combined installed capacity of 27,984 metric tonnes per annum (MTPA). The units operate on land and premises leased from Maharashtra Industrial Development Corporation (MIDC). The company has also acquired approximately 47,494 square metres of land in Valsad, Gujarat, where it is setting up an additional RPSF production line. Unitec Fibres was incorporated in 2005 as Unitec Fibres Private Limited and was converted into a public limited company in 2024.
Pros
- • The company uses polyester waste, PET waste and discarded PET bottles as raw materials for manufacturing Recycled Polyester Staple Fibre (RPSF). It also processes textile-based PET waste in-house through cleaning, shredding, melting and extrusion to produce RPSF.
- • The company has two operational manufacturing units at M.I.D.C., Tarapur Industrial Area, Maharashtra, with a combined installed capacity of 27,984 MTPA for RPSF. It has also acquired approximately 47,494 square metres of land in Valsad, Gujarat, where it is setting up an additional RPSF production line.
- • The company offers RPSF in a range of colours, cross sections, and deniers. According to the prospectus, this can reduce the need for additional dyeing of the fibre, which may lower the associated use of water and energy.
Cons
- • A significant portion of the company’s domestic revenue is concentrated in Gujarat, Maharashtra, Tamil Nadu, and Haryana. These four states contributed Rs 133.47 crore (59.52%), Rs 126.05 crore (55.67%), and Rs 120.74 crore (59.14%) to revenue from operations in FY26, FY25, and FY24, respectively. Any adverse economic, regulatory, logistical, or other developments in these regions, or inability to expand into other markets, could adversely affect the company’s revenue, profitability, and cash flows.
- • The company depends on a limited number of customers for a significant portion of its revenue, while most customer engagements are purchase order-based without long-term contracts. Its top 10 customers contributed Rs 103.02 crore (45.94%), Rs 102.05 crore (45.07%), and Rs 97.25 crore (47.64%) to revenue from operations in FY26, FY25, and FY24, respectively. Loss of major customers, reduction in orders, pricing pressure, or delays in payments could adversely affect the company’s revenue, profitability and cash flows.
- • The company depends on a limited number of suppliers for key raw materials such as PET flakes, polyester waste, PET chips, and PET bottles, without long-term or exclusive supply contracts. Its top 10 suppliers accounted for Rs 96.35 crore (64.64%), Rs 88.11 crore (57.83%), and Rs 86.42 crore (64.64%) of total purchases in FY26, FY25, and FY24, respectively. Any disruption in supplies, increase in procurement costs, or inability to secure alternative suppliers could affect production, margins, and the company’s ability to meet customer demand.
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