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Yasons Chemex Care IPO GMP, Price, Dates & Allotment Details 2023

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

  1. Dyes and pigment paste; and
  2. 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:

  1. Meeting incremental working capital requirements
  2. General corporate purposes

Financial Highlights (Restated)

ParticularsFor the period ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1,9971,7291,5331,407
Total Assets3,0242,7792,5582,058
Total Borrowings30828126946
Total Revenue1,4722,6171,8051,962
Profit After Tax269195125116
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 40 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size5,142,000 shares (aggregating up to ₹ 20.57 crores)
Fresh Issue5,142,000 shares (aggregating up to ₹ 20.57 crores)
Listing AtNSE SME

Market Maker detail

Market maker portion270,000 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the net issue
Retail shares offered50% 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 DateJuly 24, 2023,
Closing DateJuly 26, 2023
Basis of AllotmentJuly 31, 2023
Initiation of RefundsAugust 1, 2023
A credit of shares to Demat A/cAugust 2, 2023
Listing DateAugust 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.

ApplicationsLotsSharesPrice per shareAmount 
Retail (Minimum)13,000₹ 40₹ 120,000
Retail (Maximum)13,000₹ 40₹ 120,000
HNI (Minimum)26,000₹ 40₹ 240,000

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationYasons Chemex Care Limited
4th floor, 412 Sigma Icon-1, 132ft Ring Road, Opp.
Medilink Hospital, Satellite,Ahmedabad – 380015
Phone: +91 079400 28639
Email: [email protected]
Website: http://www.yasonschemexcare.com/
IPO RegistrarKfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/
IPO Lead Manager(s)Fedex Securities Pvt Ltd

FAQs

The Yasons Chemex Care IPO price is ₹ 40 per share.

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.

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.

The Yasons Chemex Care IPO shares listing date is August 3, 2023.

Click here for more FAQs.

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