Unilex Colours stock debuts with 2.3% premium on NSE SME platform
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Unilex Colours and Chemicals made its debut on the NSE SME platform on Thursday, opening with a premium of 2.3%. The stock listed at Rs 89, compared to its issue price of Rs 87. The net proceeds from the public offer will be used for funding working capital requirements, repayment of debt, and other general corporate purposes. The company is engaged in the business of manufacturing of pigment, and the trading of chemicals and food colours. The pigments manufactured by it find diverse applications across various industries such as plastic, rubber, textiles, paper, printing inks, paints and coating. Within Pigments, the company specializes in Pigment Blue 15:3 and 15:4, with an annual production capacity of 1878 mtpa. Its products are marketed under the registered brand name Unilex. The company caters to both domestic and international markets, providing a wide range of pigment solutions for various industries. Its manufacturing facility si...