Yasons Chemex Care Ltd. logo

Yasons Chemex Care was established on October 17, 2017. The company operates in the manufacturing of dyes and pigment paste, as well as FMCG products. Its dye production includes a diverse range, including reactive dyes, direct dyes, basic dyes, vat dyes, and food colorants. Additionally, the company manufactures or packages various FMCG items under the brand name "PLXO," such as hair oil, perfumes & deodorant, handmade soap, and sanitizer, among others.

Bidding Dates
24 Jul 2023 - 26 Jul 2023
Subscription
55.23x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹120,0001130005.1 M₹4073.36 %₹205.7 MRHP DOC

Yasons Chemex Care IPO SUBSCRIPTION STATUS

26 Jul '23
Total55.23x
Retail Individual Investor65.15x
HNI (NII) Investors45.31x
Qualified Institutional Buyers-

Yasons Chemex Care IPO overall subscription rate was 55.23 times the total available shares

Yasons Chemex Care IPO retail subscription rate was 65.15 times in the retail segment

Yasons Chemex Care IPO non-institutional investor subscription rate was 45.31 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
26 Jul 2023
(Day 3)
65.15x45.31x-
25 Jul 2023
(Day 2)
16.2x4.78x-
24 Jul 2023
(Day 1)
3.12x0.82x-

Yasons Chemex Care FINANCIALS

Period Net Profit (Rs in millions) Revenue from Operations (Rs in millions) Cash Flow from Operations (Rs in millions) Free Cash Flow (Rs in millions)
FY23 34.3 367.7 -2.7 -2.7
FY22 19.5 250.5 -0.1 -0.1
FY21 12.5 177.7 24.1 20.7
FY20 11.6 194.1 -5.3 -6.8

Yasons Chemex Care IPO SUBSCRIPTION STATUS DETAILS

Yasons Chemex Care had 5.1 M shares on offer

Yasons Chemex Care IPO offer price was ₹40

Yasons Chemex Care IPO minimum Investment was ₹120000

Yasons Chemex Care IPO issue size was ₹ 205.7 M

Yasons Chemex Care had a minimum lot size of 3000 Shares per application

Yasons Chemex Care NUMBER OF SHARES ON OFFER

Total5.1 M
Fresh Issue5.1 M
Offer for Sale0
Post Issue Promoter Holding %73.36 %

Yasons Chemex Care IPO IMPORTANT DATES

Issue Open Date24 Jul 2023
Issue close Date26 Jul 2023
Allotment Date31 Jul 2023
Refund Date01 Aug 2023
Demat Account Credit Date02 Aug 2023
Listing Date03 Aug 2023
Listing on Exchange(s)NSE
Yasons Chemex Care Allotment StatusExchange

Yasons Chemex Care IPO subscription opened on 24 Jul 2023, and closed on 26 Jul 2023

IPO allotment for Yasons Chemex Care was finalized on Monday, 31 Jul 2023

IPO listing for Yasons Chemex Care was on NSE on Thursday, 03 Aug 2023

Yasons Chemex Care IPO LISTING GAINS

Issue Price (adjusted)40.0
Listing Open Price32.0
Listing Close Price33.6
Listing Gain%-20.0%
Current Gain%-70.6%

Yasons Chemex Care Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Yasons Chemex Care Ltd.11.822.724.2-0.60.22.21.4100.626.80.9-41.80.5-41.8
Pidilite Industries Ltd.1525.7155398.757.92.89.622.615.91486711.12448.917.926.420.6
SRF Ltd.247573365.132.10.8413.17.615893.67.21835.246.77741.1
Gujarat Fluorochemicals Ltd.4712.151762.476.2-518.48.87.34.85126.35.6577.45.761.8-0.1
Himadri Speciality Chemical Ltd.559.728241331.151611.948323.6751.335.216.930.3
Aether Industries Ltd.1677.222262.489.33.217.28.96.81181.134.2219.538.518.828

Yasons Chemex Care INFORMATION ON IPO ISSUE

About Yasons Chemex Care

Yasons Chemex Care was established on October 17, 2017. The company operates in the manufacturing of dyes and pigment paste, as well as FMCG products. Its dye production includes a diverse range, including reactive dyes, direct dyes, basic dyes, vat dyes, and food colorants. Additionally, the company manufactures or packages various FMCG items under the brand name "PLXO," such as hair oil, perfumes & deodorant, handmade soap, and sanitizer, among others.

Object of the Issue

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

Yasons Chemex Care - PROMOTERS

Name
Yash Chemex Limited

Yasons Chemex Care Lead Manager to the Issue

Fedex Securities Private Limited

mb@fedsec.in

Yasons Chemex Care Registrar to the issue

Kfin Technologies Private Limited

yasons.ipo@kfintech.com

Yasons Chemex Care Strengths

Diverse product offerings

The company boasts an extensive product range that caters to various industries and sectors. Apart from manufacturing dyes and pigment paste, it also produces FMCG products, including hair oil, perfumes, handmade soap, sanitizer, and more

Strength

Focus on quality & innovation

The company ensures the quality of its dye and pigment paste products by subjecting them to inspection and testing at third-party laboratories before delivery to customers. Additionally, customers further validate the product quality by conducting tests on samples in their own laboratories before accepting the delivery

Strength

Locational advantage

The company's manufacturing facility is situated at Vatva, Changodar, and Dholka in Ahmedabad, Gujarat. The strategic location provides easy access to skilled labor, raw materials, advanced technology, and transportation options, benefiting from the extensive industrialization in the area

Strength

Yasons Chemex Care Risks

Outstanding legal proceedings

The company, its directors, promoters, and LLP are currently involved in outstanding legal proceedings. Adverse outcomes from these proceedings could potentially impact the business operations

Risk

Negative cash flows

The company has faced negative cash flows in previous years. Any future operating losses or negative cash flows could have a detrimental impact on the results of operations and financial condition

Risk

IPO FAQs

  • The promoter of the company is Yash Chemex Limited.
  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
  • The price band of the IPO is Rs 40.0 - 40.0.
  • The IPO application opens on Jul 24, 2023 and closes on Jul 26, 2023.
  • The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
  • For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
  • This IPO will be allotted on Jul 31, 2023.
  • The refund will be credited to your account on Aug 01, 2023.
  • The allotted shares will be credited to your demat on Aug 02, 2023.
  • Yasons Chemex Care Ltd.’s shares listed on the stock exchanges on Aug 03, 2023.