In Progress
Valuation
Market Cap
₹126.88 Cr
P/E Ratio
12.17x
P/B Ratio
1.42x
Unitec Fibres IPO Dates
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Business Overview
Unitec Fibres Limited, incorporated in 2005 and based in Mumbai, manufactures Recycled Polyester Staple Fibre (RPSF) from PET flakes, chips and polyester waste, serving the automobile, home furnishing and textile industries. It operates two manufacturing units at Tarapur, Palghar (Maharashtra) with combined capacity of 27,984 MTPA, and has acquired land in Valsad, Gujarat for a third unit. Products span hollow conjugated and high-bulk fibre, and dope-dyed and solid polyester staple fibre across various denier and cut-length specifications. The company holds ISO 9001:2015, ISO 14001:2015, Oeko-Tex authorisation and Global Recycled Standard certifications.
Lots & IPO Size
Unitec Fibres IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 3,200 | ₹2,81,600 |
| Ind (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 IPO Size
Objects of the Issue
Repayment/prepayment of borrowings availed by the Company
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The company's domestic revenue is concentrated in Gujarat, Maharashtra, Tamil Nadu and Haryana, which together contributed 59.52%, 55.67% and 59.14% of FY26, FY25 and FY24 revenue.
Key Risk Factors
The company's domestic revenue is concentrated in Gujarat, Maharashtra, Tamil Nadu and Haryana, which together contributed 59.52%, 55.67% and 59.14% of FY26, FY25 and FY24 revenue.
The company depends on a limited number of key customers for a substantial share of revenue, with no long-term contracts, exposing it to customer concentration, demand volatility and credit risk.
The company depends on a limited number of suppliers for raw materials without long-term contracts, exposing it to supply disruption, quality and pricing risks that could affect its business.
The company's business depends on a single manufacturing facility; any slowdown, shutdown, strike, work stoppage or wage dispute could adversely affect operations, results and financial condition.
The company derives a significant share of revenue from Recycled Polyester Staple Fibre (RPSF); any fall in RPSF demand could hurt its business and financial performance.
Potential conflicts of interest may arise between the company and its Promoters, Promoter Group members, Group Company or entities in which Promoters and Directors hold interests.
The company is party to certain legal proceedings; any adverse decision could have an adverse effect on its business, results of operations and financial condition.
The company's operations depend on existing machinery, equipment and technology; failure to maintain, repair or upgrade them could adversely affect business and results of operations.
The company's performance depends on certain end-user industries; any slowdown or fluctuation in these industries could reduce customer demand and adversely affect the company.
The company exports to various countries, with international markets contributing 9.16%, 15.83% and 6.15% of FY26, FY25 and FY24 revenue, exposing it to foreign market, regulatory and forex risks.
Unitec Fibres IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|
Unitec Fibres IPO Peer Comparison
(Rs. in crores)
| Particulars | Unitec Fibres | Ganesha Ecosphere | Divyadhan Recycling |
|---|---|---|---|
| Revenue | 224.24 | 1,481.66 | 79.41 |
| PAT | 7.60 | 38.21 | 1.71 |
| EPS (₹) | 7.23 | 14.50 | 1.19 |
| NAV (₹) | 61.89 | 476.07 | 26.78 |
| RONW | 11.69% | 3.00% | 4.45% |
| EBITDA | 7.03% | 9.56% | 6.04% |
| PAT Mrgn | 3.39% | 2.58% | 2.15% |
| PE Ratio | 12.17 | 68.88 | 39.29 |
| Debt to Equity | 1.19 | 0.28 | 0.36 |
All information pertains to FY 2025-26. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of September 16, 2026 for Peers
Unitec Fibres IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 224.24 | 226.42 | 204.14 |
| Profit | 7.60 | 8.22 | 7.42 |
| Net Worth | 65.00 | 57.40 | 49.18 |
| Borrowings | 77.19 | 36.64 | 15.72 |
| Assets | 169.35 | 122.96 | 90.46 |
| NAV (₹) | 61.89 | 54.66 | 46.83 |
| EPS (₹) | 7.23 | 7.83 | 7.06 |
Key Performance Indicators (KPIs)
Debt to Equity
1.19
All the data pertains to FY 2025-26. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Unitec Fibres IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 224.24 | 226.42 | 204.14 |
| Other Income | 0.61 | 0.72 | 0.85 |
| Total Income | 224.86 | 227.13 | 204.99 |
| Materials Consumed | 146.90 | 150.65 | 133.17 |
| Changes in Inventories | 1.95 | -0.97 | -0.71 |
| Employee Expense | 8.76 | 8.36 | 9.30 |
| Finance Costs | 1.86 | 2.51 | 2.65 |
| Depreciation | 3.49 | 3.98 | 4.43 |
| Other Expenses | 50.87 | 50.92 | 45.60 |
| Total Expenses | 213.83 | 215.45 | 194.44 |
| Profit Before Tax | 11.02 | 11.68 | 10.55 |
| Tax Expense | 3.43 | 3.46 | 3.13 |
| Profit After Tax | 7.60 | 8.22 | 7.42 |
| EPS — Basic (₹) | 7.23 | 7.83 | 7.06 |
| EPS — Diluted (₹) | 7.23 | 7.83 | 7.06 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 10.50 | 10.50 | 10.50 |
| Reserves & Surplus | 54.49 | 46.90 | 38.68 |
| Total Equity | 65.00 | 57.40 | 49.18 |
| Total Borrowings | 77.19 | 36.64 | 15.72 |
| Trade Payables | 19.93 | 21.09 | 17.96 |
| Other Liabilities | 7.23 | 7.84 | 7.60 |
| Total Equity & Liab | 169.35 | 122.96 | 90.46 |
| Fixed Assets | 89.64 | 53.30 | 24.87 |
| Inventories | 40.97 | 40.84 | 38.06 |
| Short-Term Loans & Adv | 13.03 | 5.82 | 3.53 |
| Trade Receivables | 13.93 | 17.05 | 14.39 |
| Cash & Bank Bal | 2.98 | 2.54 | 1.73 |
| Other Assets | 8.79 | 3.42 | 7.87 |
| Total Assets | 169.35 | 122.96 | 90.46 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | 4.00 | 11.75 | 21.42 |
| Cash Flow from Investing Activities | -45.08 | -27.85 | -7.79 |
| Cash Flow from Financing Activities | 38.74 | 18.41 | -17.79 |
| Net Change in Cash & Equivalents | -2.34 | 2.31 | -4.17 |
| Cash & Equivalents at End of Period | 0.10 | 2.45 | 0.14 |
Promoter Holding
Promoter
94.19%
Public
5.81%
Management
Virander Behl
Age: 62
MD
Remuneration
₹₹2.75 Lakhs p.m. (inclusive of all salary, perquisites, benefits, incentives and allowances)
Education
B.A. (Guru Nanak Dev University, 1983)
Prior Experience
~21 years in the fibre industry; with the company since incorporation; oversees sales operations, strategy and market analysis
Vijay Omjagdish Behl
Age: 66
Chairman & WTD
Remuneration
₹₹4.00 Lakhs p.m. (inclusive of all salary, perquisites, benefits, incentives and allowances)
Education
B.A. (Guru Nanak Dev University, 1979)
Prior Experience
~10 years in the fibre industry; with the company since 2016; oversees daily operations, HR and finance functions
Mihir Suvanam
Age: 38
CFO
Remuneration
₹₹45.00 Lakhs p.a. (FY 2025-26, actual)
Education
MSc Finance, City University London (2009)
Prior Experience
10+ years; TSN Expert Services/Lynk (8 yrs), Outsized India Pvt. Ltd. (1 yr); finance & HR functions
Rajiv Behl
Age: 70
CEO
Remuneration
₹₹12.00 Lakhs p.a. (FY 2025-26, actual)
Education
B.Com, University of Bombay (1976)
Prior Experience
9+ years; with the company since 2017; overseeing financial operations and accounts department
Registrar & Lead Managers
Registrar
Bigshare Services
Lead Managers (1)
Company Details
Name: Unitec Fibres Limited
Address: BLDG No 8 Flat No 3, Oshiwara Mahda Complex, Andheri (W), Mumbai-400053, Maharashtra, India.
Number: +91-8657019917
Email: investors@unitecfibres.com
Website: https://unitecfibres.in
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How to apply Unitec Fibres IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Unitec Fibres IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Unitec Fibres IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Unitec Fibres IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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