Fixed Price IPO | ₹21 Cr | Listed at NSE SME | Mon, Jul 24, 2023 - Wed, Jul 26, 2023
Yasons Chemex Care IPO is a fixed price issue of ₹20.57 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹20.57 crore.
Yasons Chemex Care IPO bidding started from Jul 24, 2023 and ended on Jul 26, 2023. The allotment for Yasons Chemex Care IPO was finalized on Jul 31, 2023. The shares got listed on NSE SME on Aug 3, 2023.
Yasons Chemex Care IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd..
Refer to Yasons Chemex Care IPO RHP for detailed Information.
IPO Open
Mon, Jul 24, 2023
IPO Close
Wed, Jul 26, 2023
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹77.22 Cr
| IPO Date | 24 to 26 Jul, 2023 |
| Listed on | Thu, Aug 3, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 51,42,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 2,70,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 48,72,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 48,72,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,41,61,920 shares |
| Share Holding Post Issue | 1,93,03,920 shares |
| NSE Symbol | YCCL |
| ISIN | INE08S201019 |
Yasons Chemex Care IPO comprises a total issue size of 51,42,000 shares. The net offer to the public is 48,72,000 shares, after excluding 2,70,000 shares allotted on a firm basis. Of the Net offer 24,36,000 (50.00%) allocated to NII 24,36,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,36,000 | 50.00% | 47.37% |
| Retail Shares Offered | 24,36,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,70,000 | 5.25% | |
| Total Shares Offered | 51,42,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2017, Yasons Chemex Care Limited is engaged in the manufacturing business. They manufacture dyes and pigment paste, and FMCG products.
In the dyes segment, they manufacture a wide variety of dyes such as basic dyes, reactive dyes, food colorants, direct dyes, and vat dyes. They offer multiple shades of dyes. Further, the dye manufacturing undertaken by the company can be broadly classified under the following types-
The other business segments of Yasons Chemex Care Limited are manufacturing pigment paste from various chemicals and FMCG products manufacturing or packaging. The FMCG products include hair oil, perfumes, deodorant, handmade soap, sanitizer, etc.
The products of Yasons Chemex Care Limited are marketed under their brand name "PLXO".
Yasons Chemex Care also trades in dyes, pigment, and pigment paste in order to meet customer requirements.
The products manufactured by the company are directly or indirectly applied by 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. They manufacture dyes and pigment paste at our manufacturing facility situated at A-1/329, Phase-II, G.I.D.C, Vatva, Ahmedabad, having an installed capacity of 650 MTPA per annum.
Further, the Company manufactures FMCG products at the second manufacturing facility situated at 22, Shreeji Krupa Estate, Tajpur Road, Changodar.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 27.59 | 27.79 | 25.58 | 20.58 |
| Total Income | 41.01 | 26.17 | 18.05 | 19.62 |
| Profit After Tax | 3.43 | 1.95 | 1.25 | 1.16 |
| NET Worth | 20.72 | 17.29 | 15.33 | 14.07 |
| Total Borrowing | 3.46 | 2.81 | 2.69 | 0.46 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting incremental working capital requirements | 12.31 |
| 2 | General corporate purposes | 4.87 |
| KPI | Mar 31, 2023 |
|---|---|
| ROE | 16.56 |
| ROCE | 22.08 |
| Debt/Equity | 0.17 |
| RoNW | 16.56 |
| PAT Margin | 9.33% |
| EBITDA Margin | 3.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.42 | |
| P/E (x) | 22.47 | |
| Promoter Holding | 70.16% | 51.47% |
| Market Cap | ₹77.22 Cr. |
The Yasons Chemex Care IPO is subscribed 59.6 times on July 26, 2023 8:19:00 PM (Day 3). The public issue subscribed 68.76 times in the retail category, [.] times in the QIB category, and 47.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 47.71 | 24,36,000 | 11,62,32,000 |
| Retail | 68.76 | 24,36,000 | 16,75,11,000 |
| Total | 59.6 | 48,72,000 | 29,03,55,000 |
Total Application : 55,837
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including Underwriting Commission | 1.23 |
| 2 | Fees payable to Advertising and marketing Expenses, Printing and Distribution of issue stationery, Brokerage, Selling, Commission and upload fees and Other Intermediate fees | 1.74 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal and Other Advisory Services | 0.02 |
| 5 | Fees payable to Regulators including Stock Exchange | 0.08 |
| 6 | Others, if any (Market making, auditor and miscellaneous etc.) | 0.32 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹32.00 |
| Low | ₹30.40 |
| High | ₹33.60 |
| Last Trade | ₹33.60 |
Lead Manager Reports
Yasons Chemex Care IPO is a SME IPO of 51,42,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Jul 24, 2023, and closes on Wed, Jul 26, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Yasons Chemex Care IPO using UPI as a payment gateway. Zerodha customers can apply in Yasons Chemex Care IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yasons Chemex Care IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yasons Chemex Care IPO opens on Mon, Jul 24, 2023 and closes on Wed, Jul 26, 2023.
Yasons Chemex Care IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Yasons Chemex Care 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 Yasons Chemex Care IPO will be done on Monday, July 31, 2023, and the allotted shares will be credited to your demat account by Wed, Aug 2, 2023. Check the Yasons Chemex Care IPO allotment status.
The Yasons Chemex Care IPO listing date is on Thu, Aug 3, 2023.
