Yasons Chemex Care IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Yasons Chemex Care IPO will open on July 24 and close on July 26, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 20.57 crores through this public offering, consisting of 51.42 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 40 per share.
Yasons Chemex Care Limited (“the Company”)
Yasons Chemex Care Limited was incorporated in 2017. The Company is in the business of manufacturing
- Dyes and pigment paste; and
- FMCG products. Within dyes,
The company believes that they manufacture a wide range of dyes, such as reactive dyes, direct dyes, basic dyes, vat dyes, and food colorants. The dyes manufactured by the company can be broadly classified into the following types:
(a) Natural dyes,
(b) Synthetic dyes, and
(c) Synthetic organic dyes
The Company manufactures multiple shades of dye. The company also manufactures a wide range of pigment pastes from various chemicals. Within FMCG companies, they manufacture or package products such as hair oil, perfumes, deodorant, handmade soap, sanitizer, etc. under their own brand name “PLXO”.
With its wide range of products, the company offers color solutions directly or indirectly (through a trader) for various industries like textile, paper, paints, inks, soap, plastic, wood, detergents, and FMCG. The company has two manufacturing facilities situated in the state of Gujarat.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Meeting incremental working capital requirements
- General corporate purposes
Financial Highlights (Restated)
| Particulars | For the period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1,997 | 1,729 | 1,533 | 1,407 |
| Total Assets | 3,024 | 2,779 | 2,558 | 2,058 |
| Total Borrowings | 308 | 281 | 269 | 46 |
| Total Revenue | 1,472 | 2,617 | 1,805 | 1,962 |
| Profit After Tax | 269 | 195 | 125 | 116 |
IPO details
As per the DRHP filed with SEBI, 51.42 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 2.7 lakhs shares of the offering. While Fedex Securities Pvt Ltd will be the lead manager for the IPO, Kfin Technologies Limited will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 40 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 5,142,000 shares (aggregating up to ₹ 20.57 crores) |
| Fresh Issue | 5,142,000 shares (aggregating up to ₹ 20.57 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker portion | 270,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net issue |
| Retail shares offered | 50% of the net issue |
GMP: Yasons Chemex Care IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Yasons Chemex Care IPO
The issue opens for subscription on July 24, 2023, and closes for subscription on July 26, 2023 (both days inclusive). The basis of allotment will be finalised on July 31, 2023, and the refunds will be initiated on August 1, 2023. In addition, the demat credits are expected to happen on August 2, 2023, and the stock will be listed on the NSE SME on August 3, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 24, 2023, |
| Closing Date | July 26, 2023 |
| Basis of Allotment | July 31, 2023 |
| Initiation of Refunds | August 1, 2023 |
| A credit of shares to Demat A/c | August 2, 2023 |
| Listing Date | August 3, 2023 |
Lot Size
The lot size of the Yasons Chemex Care IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 120,000.
| Applications | Lots | Shares | Price per share | Amount |
|---|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 40 | ₹ 120,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 40 | ₹ 120,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 40 | ₹ 240,000 |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Yasons Chemex Care Limited 4th floor, 412 Sigma Icon-1, 132ft Ring Road, Opp. Medilink Hospital, Satellite,Ahmedabad – 380015 Phone: +91 079400 28639 Email: yccl@yashchemex.com Website: http://www.yasonschemexcare.com/ |
| IPO Registrar | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: yasons.ipo@kfintech.com Website: https://kosmic.kfintech.com/ |
| IPO Lead Manager(s) | Fedex Securities Pvt Ltd |
FAQs
What is Yasons Chemex Care’s IPO price?
The Yasons Chemex Care IPO price is ₹ 40 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Yasons Chemex Care IPO contains 3,000 shares of ₹ 120,000.
When will the Yasons Chemex Care IPO allotment be available?
The finalisation of the basis of allotment for the Yasons Chemex Care IPO will be done on July 31, 2023, and the allotted shares will be credited to your demat account by August 2, 2023. Check the Yasons Chemex Care IPO allotment status.
When will the Yasons Chemex Care IPO list on exchanges?
The Yasons Chemex Care IPO shares listing date is August 3, 2023.
