Yasons Chemex Care Limited IPO is set to launch on 24 July 2023. The company initiated its business operations in the year 2017. It is indulged in the business of manufacturing FMCG Products, and pigment paste as well as dyes. The dyes product portfolio of the company includes reactive dyes, basic dyes, food colourants, vat dyes and direct dyes. Its dyes business is segregated into three parts namely synthetic dyes, natural dyes and synthetic organ dyes.
The company has a brand name PLXO under which it sells and brands its FMCG products like perfumes, hair oil, deodorant, sanitizer, handmade soaps etc. Its products are used by many industries like paper, textiles, inks, paints, plastic, soap, detergents, wood, FMCG etc. Its manufacturing facility is located at Vatva and it has a manufacturing capacity of 650 MTPA. Another manufacturing facility of the company is located at Changodar, Gujarat.
Yasons Chemex Care Limited IPO DETAILS
Yasons Chemex Care Limited IPO is set to launch on 24 July, 2023. The subscription timeline extends till 26 July, 2023. The size for the IPO is 20.57 Crore Rs. Shares issued through fresh issue mode are worth 20.57 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 40 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed price issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Yasons Chemex Care Limited IPO
| IPO OPENING DATE | 24 July, 2023 |
| CLOSING DATE FOR IPO | 26 July, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 40 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 20.57 Crore Rs. |
| OFFER FOR SALE | No share offered through Offer for sale mode |
| FRESH ISSUE | 20.57 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 3 August, 2023 |
Yasons Chemex Care Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 24 July, 2023 |
| CLOSING DATE FOR IPO | 26 July, 2023 |
| IPO ALLOTMENT DATE | 31 July, 2023 |
| REFUNDS | 1 August, 2023 |
| DEMAT A/C CREDITED ON | 2 August, 2023 |
| IPO LISTING DATE | 3 August, 2023 |
Yasons Chemex Care Limited IPO begins for subscription from 24 July 2023. The IPO subscription would continue till 26 July, 2023. The allotment status for the shareholders who applied would come on 31 July, 2023. The refunds for the ones who did not get allotment would be initiated on 1 August, 2023. The DEMAT accounts of shareholders would be credited on 2 August, 2023. The listing of the company would be completed on 3 August, 2023.
Yasons Chemex Care Limited IPO : Lead Managers
The lead managers are :
- Fedex Securities Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 120000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 240000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 120000 Rs. |
| Maximum | 6000 shares | 240000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 2558 | 2779 | 2758 |
| Revenue | 1804 | 2617 | 4100 |
| PAT | 125 | 195 | 343 |
Yasons Chemex Care Limited had an asset base of 2558 Lakh Rs in 2021 which increased to 2779 Lakh Rs in 2022. However in 2023 this decreased to 2758 Lakh Rs. The revenue of the firm was 1804 Lakh Rs in 2021 which increased to 2617 Lakh Rs in 2022 and 4100 Lakh Rs in 2023. The profit of the firm was 125 Lakh Rs in 2021, 195 Lakh Rs in 2022 and 343 Lakh Rs in 2023.
PROS
- The dyes product portfolio of the company includes reactive dyes, basic dyes, food colourants, vat dyes and direct dyes. Its dyes business is segregated into three parts namely synthetic dyes, natural dyes and synthetic organ dyes.
- The company has a brand name PLXO under which it sells and brands its FMCG products like perfumes, hair oil, deodorant, sanitizer, handmade soaps etc.
- Its products are used by many industries like paper, textiles, inks, paints, plastic, soap, detergents, wood, FMCG etc.
- The manufacturing facility of the firm is located at Vatva and it has a manufacturing capacity of 650 MTPA. Another manufacturing facility of the company is located at Changodar, Gujarat.
CONS
- The company works in a highly competitive segment.
Yasons Chemex Care Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Yasons Chemex Care Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
