Yasons Chemex Care IPO will open for subscription from 24 June 2023. the company aims for an issue size of ₹20.57 Cr through this IPO.
Company Overview
| Full name | Yasons Chemex Care Limited |
| Sector | Chemicals |
| Industry | Dyes & Pigments |
| Company Website | https://www.yasonschemexcare.com/ |
About Company
Incorporated in 2017, Yasons Chemex Care is engaged in the manufacturing of dyes and pigment pastes and FMCG products. In the dyes segment, the company manufactures a wide variety of dyes such as basic dyes, reactive dyes, food colorants, direct dyes, and vat dyes. It offers multiple shades of dyes. Further, dye manufacturing can be broadly classified under the following types –
- Natural dyes
- Synthetic dyes
- Synthetic organic dyes
The company also manufactures a wide range of pigment paste from various chemicals. The FMCG manufactured or packages products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under its own brand name “PLXO”. In addition, the company trades in dyes, pigment, and pigment paste for meeting customer requirements. With its wide range of products, it offers color solutions directly or indirectly (trader) for various industries like textile, paper, paints, inks, soap, plastic, wood, detergents, and FMCG.
Yasons Chemex Care has two manufacturing facilities situated in the state of Gujarat. It manufactures dyes and pigment paste at the 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. Further, the company manufactures FMCG products at the 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. The company is also a partner in Rishit Polysurf LLP with 99% of the share in profits.
The Objective of the Issue
- Meeting incremental working capital requirements
- General corporate purposes
IPO Timetable
| IPO Opening date | 24 July 2023 |
| IPO Closing | 26 July 2023 |
| Basis of Allotment | 31 July 2023 |
| Initiation Refund | 01 August 2023 |
| Credit to Demat Account | 02 August 2023 |
| Listing Date | 03 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.57 Cr – 5,142,000 shares |
| Fresh Issue | ₹20.57 Cr – 5,142,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹40 per share |
| Lot size | 3000 Shares |
| Market Makers portion | 270,000 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
Reservation Details
| Market Maker Shares Offered | 270,000 (5.25%) |
| Other Shares Offered | 2,436,000 (47.37%) |
| Retail Shares Offered | 2,436,000 (47.37%) |
| Total Shares Offered | 5,142,000 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 17.77 | 25.05 | 36.77 |
| Expenses | 16.23 | 23.66 | 36.79 |
| Net income | 1.25 | 1.95 | 3.43 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.89 | 1.38 | 2.42 |
| PE ratio | – | – | 16.53 |
| RONW (%) | 8.18 | 11.30 | 16.56 |
| NAV | 10.82 | 12.21 | 14.63 |
| ROCE (%) | 13.94 | 16.48 | 22.08 |
| EBITDA (%) | 13.43 | 9.27 | 3.28 |
| Debt/Equity | 0.66 | 0.60 | 0.33 |
Company Promoters
- Yash Chemex Limited
Promoter Holding
| Pre Issue Share Holding | 70.16% |
| Post Issue Share Holding | – |
Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/18003094001
E-mail: yasons.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
YASONS CHEMEX CARE LIMITED
4th floor, 412 Sigma Icon-1, 132ft Ring Road,
Opp. Medilink Hospital, Satellite, Ahmedabad, Gujarat-380015
Phone: +91 07940028639
E-mail: yccl@yashchemex.com
Website: www.yasonschemexcare.com
Allotment Status
Yasons Chemex IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Yasons Chemex Care IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
