August 3, 2023
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Yasons Chemex Care IPO GMP, Details to Watch, Guidance & Subscription Status at Chanakyanipothi.com, the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Yasons Chemex Care IPO Listing Review:
Listed at Rs. 32 as compared to issue price of Rs. 40 & last Grey Market Premium Rs. 5. The grey market buyers who accumulated shares in the initial GMP trading sessions have suffered loss of Rs. 18 per share. Subsequent Grey market buyers also earned short term profit of Rs. 13 per share. This is shocking!!
Yasons Chemex Care IPO Guidance:
Ahmedabad company has growing business. IPO size is not very large. The shares are offered at reasonable valuation. Good chances of listing gains.
What is the GMP of Yasons Chemex Cares IPO?
Click for latest GMP
Yasons Chemex Care IPO Subscription
On 26 July 2023 @ 5.00 (Day 3) (Closed)
Review: On D-3, good flow of applications in retail as well as HNIs.
NII: 2436000 Shares 47.71 T
RII: 2436000 Shares 68,76 T
Total: 4872000 Shares 59.60 T
Yasons Chemex Care IPO GMP, Details, Guidance, Subscription
About the business
The Company is in the business of manufacturing of a) dyes and pigment paste; and b) FMCG products.Within dyes, it manufacture 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 under the following type (a) natural dyes, (b) synthetic dyes, and (c) synthetic organic dyes. The Company manufactures multiple shades of dyes. Our Company also manufactures a wide range of pigment paste from various chemicals.
Within FMCG we manufacture or package products such as hair oil, perfumes & deodorant, handmade
soap, sanitizer, etc., under our own brand name “PLXO”. It also trades in both dyes, pigment and pigments paste, which is primarily for meeting customer requirements. Some of its customers require a range of dyes or pigment paste besides the products it manufactures and sells.
In these cases, it purchases the products, which are not manufactured by it and caters to the entire requirements of our customers.With its wide range of products, it offers colorsolutions directly or indirectly (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. The Company manufactures dyes and pigment paste at our manufacturing facility situated at A-1/329, Phase-II, G.I.D.C, Vatva,
Ahmedabad – 382445 Gujarat which is spread approx. 2000 sq. ft area with an installed capacity of 650 MTPA per annum (“Unit I”). Further, the Company manufactures FMCG products at its manufacturing facility situated at 22, Shreeji Krupa Estate, Tajpur Road, Changodar, Sanand District, Ahmedabad, 382213 Gujarat which is spread approx. 1500 sq. ft area with an installed capacity of 350 LTR per annum (“Unit II”). Unit I and Unit II collectively referred to as “Manufacturing Facilities”.
Get more information about the company @ http://www.yasonschemexcare.com/
| Yasons Chemex Care IPO Details to watch. | |
| IPO opens on Tentative | 24 July 2023 |
| IPO closes on | 26 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5142000 Sh /Rs 20.57 Cr |
| * Fresh Issue | 5142000 Sh /Rs 20.57 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 270000 Sh. |
| Net offer to Public | 4872000 Sh./Rs.? Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 40 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 2436000 | 9.74 |
| RII (50%) | 2436000 | 9.74 |
| Total Shares | 4872000 | 19.48 |
| Retail portion will be oversubscribed by | 812 | |
| Forms | ||
| How much Shares to Apply in Yasons Chemex CareIPO? | ||
| Min Retail Application | 3000 Sh | Rs. 120000 |
| Min HNI Application | 6000 Sh | Rs.240000 |
Who are the Promoters of Yasons Chemex Care IPO?
Yash Chemex ltd
What are the Objects of Yasons Chemex Care IPO?
The Company proposes to utilize the Net Proceeds from the Issue for
1. Meeting incremental working capital requirements
2. General corporate purposes
| IPO Tentative timetable | |
| IPO opens on | 24 July 2023 |
| IPO Closes on | 26 July 2023 |
| IPO Allotment on | 31 July 2023 |
| Refund Initiation | 1 August 2023 |
| Credit of Shares | 2 August 2023 |
| Listing on | 3 August 2023 |
| Registered Office of the Company 4th floor, 412 Sigma Icon-1, 132ft Ring Road, Opp. Medilink Hospital, Satellite, Ahmedabad – 380015 |
| Who are the Lead Managers of Yasons Chemex Care IPO? |
| Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? |
| Kfin Technologies Limited |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 18.05 | 1.25 | 0.89 | 8.18 |
| 2021-22 | 26.17 | 1.95 | 1.38 | 11.30 |
| 2022-23 (6M) | 14.72 | 2.69 | 1.90 | 13.46 |
| Book Value of the Share on | 31.03.2022 | Rs.12.21 | ||
| BV of the Share at cap price | after the IPO | Rs.? | ||
| Offer Price/upper band | Rs. 40 | |||
| Yasons Chemex Care Key Performance indicators |
|
| Upper Price/last EPS | 14.87 |
| Upper price/BV Ratio | 3.27 |
| Upper price/BV after IPO | ? |
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV Rs. | Total Income( Cr) | PE Ratio |
| The IPO company | 10 | ? | |
| Mahickra Chemicals | 10 | – | 20.63 |
| Meghmani Organics | 10 | – | 8.89 |
| Kiri Dyes | 10 | – | 175.21 |
| Ushanti Chemicals | 10 | 30.93 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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