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Yasons Chemex Care IPO

  • Status: Closed
  • RHP:
  • ₹ 120,000 / 3000 shares

    Minimum Investment

IPO Details

  • Open Date

    24 Jul 2023

  • Close Date

    26 Jul 2023

  • IPO Price Range

    ₹ 40

  • IPO Size

    ₹ 20.57 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    03 Aug 2023

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IPO Timeline

Yasons Chemex Care IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Yasons Chemex Care IPO is all set to open for subscribers from 24h July to 26th July 2023. Yasons Chemex Care Limited operates in the manufacturing industry, specializing in the production of dyes, pigment paste, and FMCG items. The company is launching a fresh issue of 51,42,000 equity shares (worth ₹20.57 cr.). The share allotment date is 31st July, and the IPO will be listed on 3rd August on NSE SME. The price band of this SME IPO is ₹40 with a lot size of 3000 shares.  

Fedex Securities Private Limited is the book-running lead manager for this IPO, while Karvy Fintech Limited is the registrar. 

Objectives of Yasons Chemex Care IPO

Yasons Chemex Care plans to utilize the raised capital from IPO to:
●    Fulfilling increasing working capital requirements 
●    Fund general corporate purposes
 

Established in 2017, Yasons Chemex Care Limited is a renowned manufacturer specializing in dyes, pigment paste, and Fast Moving Consumer Goods (FMCG) products. Their diverse range of dyes includes reactive dyes, direct dyes, basic dyes, vat dyes, and food colorants, which are broadly classified as (a) natural dyes, (b) synthetic dyes, and (c) synthetic organic dyes. 

In addition to dyes and pigment paste, the company takes pride in crafting and packaging various FMCG items under their exclusive brand name "PLXO". These products include hair oil, perfumes & deodorant, handmade soap, sanitizers, and more. 

Yasons Chemex Care’s color solutions find application across a wide array of industries, including textile, paper, paints, inks, soap, plastic, wood, detergents, and FMCG sectors. The company operates two state-of-the-art manufacturing facilities located in the state of Gujarat.

Peer Comparison
●    Mahickra Chemicals Limited
●    Kiri Industries Limited
●    Meghmani Organics Ltd
●    Ushanti Colour Chem Limited
 

For More Information:
Webstory on Yasons Chemex Care IPO
Yasons Chemex Care IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 36.77 25.05 17.77
EBITDA 36.78 23.65 16.23
PAT 3.43 1.95 1.25
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 27.58 27.79 25.58
Share Capital - - -
Total Borrowings 6.86 10.50 10.25
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -0.27 -0.0009 2.40
Net cash from / (used in) investing activities 0.056 0.19 -4.49
Net cash flow from / (used in) financing activities 0.24 -0.23 1.94
Net increase (decrease) in cash and cash equivalents 0.03 -0.045 -0.15


Strengths

1.    Yasons Chemex Care has a wide range of products catering to various industries and sectors with a focus on quality and innovation. 
2.    The company operates a subsidiary called Yash Chemex Limited ("YCL"), which is already listed on the BSE Mainboard Platform.
3.    Despite delivering average performances from FY20 to FY22, the company witnessed a remarkable surge in both revenue and profits during FY23
4.    Considering the earnings from FY23, the current valuation of the company's shares seems to adequately reflect its potential.
 

Risks

1.    The Company, its Directors, Promoter, and LLP are currently involved in ongoing legal proceedings.
2.    Its operations require significant working capital.
3.    The Company has not secured any supply agreements for major raw materials required in our manufacturing process, which exposes it to risks related to fluctuating global commodity prices and potential raw material shortages.
4.    At the time of receiving orders, the Company does not enter into binding agreements with customers, which can lead to difficulties in enforcing claims if customers reject manufactured products.
5.    The company can be subjected to environmental, health, and safety regulations. 
 

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FAQs

Yasons Chemex Care IPO lot size is 3000 equity shares and the minimum investment required is ₹1,20,000.
 

The price band of Yasons Chemex Care IPO is ₹40. 

Yasons Chemex Care IPO opens from 24h July and closes on 26th July 2023. 

Yasons Chemex Care plans to sell 9,000,000 equity shares from existing investors as OFS and issue a fresh lot worth ₹250 cr. 
 

The allotment date of the Yasons Chemex Care IPO is 31st July 2023.

The listing date of Yasons Chemex Care IPO is 3rd August 2023. 

Fedex Securities Private Limited is the book-running lead manager for Yasons Chemex Care IPO.

Yasons Chemex Care plans to utilize the raised capital from IPO to:

●    Fulfilling increasing working capital requirements 
●    Fund general corporate purposes
 

To apply for Yasons Chemex Care IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Yasons Chemex Care IPO
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
●    You will receive a mandate notification to block funds in your UPI app