Unitec Fibres Ltd
UNITEC Unitec Fibres Ltd
BSE IPO
Bidding dates23 Sep 2026 - 25 Sep 2026
Price range₹83 - ₹88
Min. investment₹2,81,600
Issue size34.47 Cr
Lot size1600 Shares
IPO DocRHP
IPO Timeline
Start date
23 Sep 2026
End date
25 Sep 2026
Allotment date
28 Sep 2026
Refund initiation
28 Sep 2026
Share credit
29 Sep 2026
Deactivate mandate
30 Sep 2026
About company
Incorporated in February 2005, Unitec Fibres Limited is a manufacturer of Recycled Polyester Staple Fibre (RPSF), producing sustainable polyester fibres from recycled PET flakes, PET chips, and other post-consumer polyester waste. The company supplies RPSF to industries such as automobiles, home furnishings, and textiles, where its products are used in carpets, roof liners, trunks, sofas, curtains, and spinning applications.
The company operates two manufacturing facilities at the M.I.D.C. Tarapur Industrial Area, Maharashtra, with a combined installed production capacity of 27,984 MTPA. It is also establishing a third manufacturing unit in Valsad, Gujarat to expand production capacity. Unitec Fibres follows stringent quality standards and holds ISO 9001:2015, ISO 14001:2015, OEKO-TEX®, and Global Recycled Standard (GRS) certifications, reflecting its commitment to quality, environmental sustainability, and recycled product manufacturing.
Led by an experienced management team with over two decades of industry expertise, the company focuses on sustainable manufacturing, efficient production processes, and long-term customer relationships.
As of March 31, 2026, Unitec Fibres employed 171 permanent personnel across production, quality, maintenance, finance, procurement, dispatch, import-export, human resources, and administrative functions.
Founded in 2005
Managing director Virander Behl
Parent organisation Unitec Fibres IPO
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Strengths and Risks
Strengths
The company specializes in manufacturing Recycled Polyester Staple Fibre (RPSF) by processing post-consumer PET bottles, flakes, and polyester waste. This aligns with growing global and domestic demand for eco-friendly, circular-economy products.
A substantial portion of the fresh issue net proceeds (around ?31 crore) is earmarked for the repayment or prepayment of certain borrowings. This objective directly addresses recent leverage increases and aims to strengthen the balance sheet.
With nearly two decades of operational experience and an existing manufacturing footprint in Boisar, Maharashtra (complemented by expanding capacity and a upcoming facility in Valsad, Gujarat), the company has proven execution capabilities.
Risks
The business relies heavily on RPSF, which accounts for the vast majority of its revenue (over 98%). Any regulatory shift, drop in demand, or pricing pressure specifically affecting recycled polyester could significantly impact cash flows.
Unitec Fibres depends on a limited pool of major institutional customers and raw material suppliers. The absence of long-term binding supply or purchase contracts exposes the company to demand volatility, credit risks, and sudden procurement pricing shifts.
While revenue has held steady above ?200 crore, the company has seen minor fluctuations in profitability, alongside an increase in its debt-equity ratio prior to the IPO capital injection.
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