Unitec Fibres IPO
Unitec Fibres IPO is a BSE SME book-built issue of ₹34.47 crore comprising a Fresh Issue of 39,16,800 equity shares. The price band is ₹83 to ₹88 per share and the lot size is 1,600 shares. The IPO opens on September 23, 2026 and closes on September 25, 2
Unitec Fibres IPO Details
Unitec Fibres IPO is scheduled to open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected on September 28, refunds are scheduled to begin on September 29, and shares are expected to be credited to Demat accounts on September 29, 2026. The proposed listing date is September 30, 2026.
Unitec Fibres IPO GMP
Unitec Fibres IPO GMP is currently reported at ₹0 as of September 22, 2026. Based on the upper IPO price of ₹88, the unofficial indicative listing price is ₹88. GMP is not an official exchange figure and may change before listing.
Unitec Fibres IPO Timeline (Tentative)
Unitec Fibres IPO will open for subscription on September 23, 2026 and close on September 25, 2026. The basis of allotment is expected to be finalized on September 28, followed by refund initiation and credit of shares to Demat accounts on September 29. The shares are scheduled to list on BSE SME on September 30, 2026.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Sep 23, 2026 |
| IPO Close Date | Fri, Sep 25, 2026 |
| Basis of Allotment | Mon, Sep 28, 2026 |
| Initiation of Refunds | Tue, Sep 29, 2026 |
| Credit of Shares to Demat | Tue, Sep 29, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| IPO Opens | September 23, 2026 |
| IPO Closes | September 25, 2026 |
| Basis of Allotment | September 28, 2026 |
| Refund Initiation | September 29, 2026 |
| Credit of Shares to Demat | September 29, 2026 |
| Listing Date | September 30, 2026 |
Unitec Fibres IPO Lot Size
The Unitec Fibres IPO lot size is 1,600 shares. However, the minimum application is 3,200 shares, or 2 lots, at ₹2,81,600 at the upper price band of ₹88. Bids can be made in multiples of 1,600 shares after the minimum application.
| 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 IPO Reservation
The Net Issue is divided among QIB, NII and Retail Individual Investors according to the SME IPO reservation structure. The issue also includes a separate Market Maker Reservation Portion of 2,00,000 equity shares.
Unitec Fibres IPO Subscription
Unitec Fibres IPO subscription will begin on September 23, 2026. Category-wise subscription figures will be updated after bidding starts.
| Category | Subscription (times) |
|---|---|
| QIB | N.A. |
| NII | N.A. |
| RII | N.A. |
| Total | N.A. |
About Unitec Fibres
Unitec Fibres Limited was incorporated in 2005 and is engaged in the manufacturing and sale of Recycled Polyester Staple Fibre (RPSF). The company manufactures RPSF using PET flakes, PET chips and other polyester waste materials. Its products are supplied for applications across industries such as automobile, home furnishing, non-woven fabrics and textiles.
The company's manufacturing activities are based on recycling polyester waste into fibres with different deniers, colours, cross-sections and other customised properties. Its business model is connected with the recycling value chain, where post-consumer and industrial polyester waste is converted into usable fibre products. The company also operates an Extended Producer Responsibility-related business through recycling and EPR certificate generation.
Unitec Fibres has two operating manufacturing units with combined installed RPSF capacity of 27,984 MTPA. The company has also been developing an additional 28,000 MTPA line, while its manufacturing and recycling operations are supported by quality and environmental certifications.
For FY2026, the company reported revenue from operations of ₹224.24 crore and profit after tax of ₹7.60 crore. Its net worth stood at ₹65.00 crore and total assets were ₹169.35 crore as of March 31, 2026.
Strengths
- The company manufactures Recycled Polyester Staple Fibre using PET flakes, PET chips and other polyester waste.
- It has two operating manufacturing units with combined installed RPSF capacity of 27,984 MTPA.
- The company offers RPSF in different deniers, colours, cross-sections and applications, allowing it to serve multiple end-use industries.
- Unitec Fibres has ISO 9001:2015 and ISO 14001:2015 certifications along with certifications associated with recycled and ecological standards.
- The company has an experienced promoter and management team with long-standing industry experience.
- The business is positioned within the recycling and sustainable-materials value chain, with additional EPR solutions supporting its environmental-services activities.
Risks to Consider
- The company operates in a competitive recycling and fibre manufacturing industry where product pricing and raw-material availability can affect margins.
- Its business depends on the availability and cost of polyester waste, PET flakes, PET chips and other raw materials.
- The company's revenue is exposed to demand from end-user industries such as automobile, home furnishing, non-woven fabrics and textiles.
- Total borrowings increased to ₹77.19 crore as of March 31, 2026 from ₹36.64 crore in FY2025, increasing the company's leverage.
- The company has international exposure, with exports contributing to its revenue and therefore exposing the business to foreign-market and currency-related risks.
- The company operates manufacturing facilities where machinery, equipment and production technology need continuous maintenance and upgrades.
Unitec Fibres Financials (₹ Cr)
Unitec Fibres reported revenue from operations of ₹204.14 crore in FY2024, ₹226.42 crore in FY2025 and ₹224.24 crore in FY2026. Profit after tax stood at ₹7.42 crore, ₹8.22 crore and ₹7.60 crore respectively. Total assets and net worth also increased during the period.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2024 | 204.14 | 7.42 | 90.46 | 49.18 |
| FY2025 | 226.42 | 8.22 | 122.96 | 57.40 |
| FY2026 | 224.24 | 7.60 | 169.35 | 65.00 |
KPIs & Valuation
Unitec Fibres IPO’s key performance indicators and valuation metrics provide an overview of the company’s earnings, profitability, capital efficiency, and valuation at the IPO price. The analysis covers important parameters such as Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), Return on Capital Employed (ROCE), Net Asset Value (NAV), EBITDA margin, PAT margin, and Debt-to-Equity ratio. These indicators help present the company’s recent financial performance and the valuation associated with its IPO.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the IPO primarily towards repayment or prepayment of certain borrowings and for general corporate purposes. The disclosed amount earmarked for repayment or prepayment of borrowings is ₹31.00 crore.
- The company proposes to utilise the IPO proceeds for:
- Repayment or prepayment of all or certain borrowings availed by the company.
- General corporate purposes.
- The amount proposed for repayment or prepayment of borrowings is ₹31.00 crore, excluding applicable issue-related expenses and the amount earmarked for general corporate purposes.
Promoters, Lead Managers & Registrar
Unitec Fibres Limited is promoted by Vijay Omjagdish Behl, Virander Behl, Devina Varinder Behl, Rajiv Behl, Mihir Suvanam and Magic Films Private Limited. The company is engaged in recycled polyester fibre manufacturing and related recycling activities. Smart Horizon Capital Advisors Private Limited is the Book Running Lead Manager to the issue, while Bigshare Services Private Limited is the Registrar to the Offer. Shreni Shares Limited is the Market Maker for the IPO.
Promoters
Lead Managers (BRLM)
Registrar
| Name | Bigshare Services Private Limited |
|---|---|
| Phone | +91 22 6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com |
Unitec Fibres IPO Review
Unitec Fibres operates in the recycled polyester manufacturing segment and produces Recycled Polyester Staple Fibre from polyester waste. Its products are used across several applications, including home furnishing, automobile, non-woven fabrics and textiles. The company also has an EPR-related business that complements its recycling activities.
The company's financial performance shows revenue from operations of ₹204.14 crore in FY2024, ₹226.42 crore in FY2025 and ₹224.24 crore in FY2026. PAT increased from ₹7.42 crore in FY2024 to ₹8.22 crore in FY2025 before declining to ₹7.60 crore in FY2026. Net worth increased from ₹49.18 crore in FY2024 to ₹65.00 crore in FY2026.
The IPO is entirely a Fresh Issue, and a significant portion of the proceeds is proposed to be used for repayment or prepayment of borrowings. The company has earmarked ₹31 crore for this purpose, which can reduce outstanding debt after the issue, subject to the actual utilisation of proceeds.
At the upper price band of ₹88, the issue values the company at approximately 12.17x FY2026 pre-issue EPS of ₹7.23 and 16.70x based on post-issue EPS of ₹5.27. Investors evaluating the IPO can examine the company's operating performance, debt levels, recycling-focused business model, capacity expansion and the proposed use of IPO proceeds.
How to Apply
Unitec Fibres IPO applications can be made through ASBA and UPI-supported IPO application facilities provided by eligible banks and stockbrokers. The IPO opens on September 23, 2026 and closes on September 25, 2026.
The minimum application is 3,200 shares, or 2 lots. At the upper price band of ₹88 per share, the minimum application amount is ₹2,81,600.
Through UPI
- Log in to your stockbroker app or website.
- Go to the IPO section.
- Select Unitec Fibres IPO.
- Enter the number of lots you want to apply for.
- Enter your UPI ID and submit the IPO application.
- Check the UPI mandate request received from your bank.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your linked bank account.
- If shares are allotted, the applicable amount will be debited and the allotted shares will be credited to your Demat account.
Prospectus & Documents
The company has published its IPO-related documents through its investor relations section, including the Draft Red Herring Prospectus and other offer documents.
Last updated Sep 23, 2026.