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Yash Chemex IPO is a fixed price issue of ₹2.51 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹2.51 crore.
Yash Chemex IPO bidding started from Jun 7, 2016 and ended on Jun 10, 2016. The shares got listed on BSE SME on Jun 20, 2016.
Yash Chemex IPO price is ₹23.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,76,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Yash Chemex IPO RHP for detailed Information.
| IPO Date | June 7, 2016 to June 10, 2016 |
| Listing Date | June 20, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,92,000 shares (aggregating up to ₹2.51 Cr) |
| Reserved for Market Maker | 60,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.1380 Cr) |
| Net Offered to Public | 10,32,000 shares (aggregating up to ₹2.37 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,05,370 shares |
| Share Holding Post Issue | 40,97,370 shares |
Yash Chemex IPO offers total 10,92,000 shares. Out of which 5,16,000 (47.25%) allocated to NII, 5,16,000 (47.25%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.49%) |
| NII (HNI) Shares Offered | 5,16,000 (47.25%) |
| Retail Shares Offered | 5,16,000 (47.25%) |
| Total Shares Offered | 10,92,000 (100.00%) |
Yash Chemex IPO opens on June 7, 2016, and closes on June 10, 2016.
| IPO Open Date | Tue, Jun 7, 2016 |
| IPO Close Date | Fri, Jun 10, 2016 |
| Tentative Listing Date | Mon, Jun 20, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 10, 2016 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,38,000 |
| Retail (Max) | 1 | 6,000 | ₹1,38,000 |
| HNI (Min) | 2 | 12,000 | ₹2,76,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Yash Chemex Ltd (YCL) is engaged in importing and trading of dyes, chemicals and intermediates for textile and garment industry, water treatment industry, laminate industry, agrochemicals, adhesives, metal industry etc. The products focused are Tobias Acid, Beta Nephthol, Suplho Tobias Acid, J Acid, H Acid, Bon Acid and Melamine.
They have diverse product portfolio of different varieties of Chemical and Acid. Company's major selling products are Tobias Acid, Beta Nephthol and Melamine. They supply product across various industries such as Medicine manufacturing company, Oil paint producing company, plastic products company among others.
| KPI | Values |
|---|---|
| RoNW | 1.14% |
The Company Yash Chemex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital | 1.76 |
| 2 | General Corporate Purpose | 0.40 |
[Dilip Davda] <p><strong>As the issue is aggressively priced, risks aver investors with cash surplus may consider investment for long term.</strong></p> Read detail review...
| Listing Date | June 20, 2016 |
| BSE Script Code | 539939 |
| NSE Symbol | |
| ISIN | INE571U01010 |
| Final Issue Price | ₹23 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹23.85 |
| Low | ₹23.05 |
| High | ₹26.00 |
| Last Trade | ₹24.60 |
Yash Chemex Ltd.
411, Sigma Icon - 1, 132ft Ring Road,
Opp Medilink Hospital, Sattellite,
Ahmedabad - 380015
Ahmedabad, Gujarat
Phone: 079-26730257
Email: info@yashchemex.com
Website: http://www.yashchemex.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Yash Chemex IPO is a SME IPO of 10,92,000 equity shares of the face value of ₹10 aggregating up to ₹2.51 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on June 7, 2016, and closes on June 10, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Yash Chemex IPO using UPI as a payment gateway. Zerodha customers can apply in Yash Chemex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yash Chemex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yash Chemex IPO opens on June 7, 2016 and closes on June 10, 2016.
Yash Chemex IPO lot size is 6000, and the minimum amount required for application is ₹1,38,000.
You can apply in Yash Chemex IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yash Chemex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Yash Chemex IPO allotment status.
The Yash Chemex IPO listing date is on Monday, June 20, 2016.
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