Yasons Chemex Care IPO is open for subscription from July 24 to 26, 2023. The shares will be listed on the SME segment of the National Stock Exchange.
Yasons Chemex Care IPO: A Look at the Company and Its Prospects
Yasons Chemex Care Private Limited (YCCL) is a manufacturer of dyes, pigment paste, and other related FMCG products. The company was incorporated in 2017 and is headquartered in Ahmedabad, Gujarat. YCCL has a strong track record of growth, with revenue increasing by 40% year-over-year in the past three years. The company is well-positioned for future growth, as the demand for dyes and pigment paste is expected to grow in India.
YCCL is raising ₹20.57 crore through its SME IPO. The issue price is ₹40 per share, and the minimum investment is ₹120,000. The proceeds from the IPO will be used to meet working capital needs and for general corporate purposes.
Key Highlights of the Yasons Chemex Care IPO
- Issue size: ₹20.57 crore
- Issue price: ₹40 per share
- Minimum investment: ₹120,000
- Listing exchange: NSE SME
- Registrar: KFin Technologies
Valuation and Risks
The valuation of the Yasons Chemex Care IPO is reasonable, based on the company’s financial performance and growth prospects. However, there are some risks to consider before investing in the IPO. These risks include:
- The cyclical nature of the dye and pigment paste industry
- The competitive landscape in the industry
- The company’s ability to manage its working capital effectively
Yasons Chemex Care IPO FAQs
What is the main business of Yasons Chemex Care Private Limited?
The main business of Yasons Chemex Care Private Limited is the manufacturing of dyes, pigment paste, and other related FMCG products.
What is the minimum investment required to participate in the Yasons Chemex Care IPO?
The minimum investment required to participate in the Yasons Chemex Care SME IPO is ₹120,000. This is the amount required to buy one lot of 3000 shares.
When will the Yasons Chemex Care IPO be listed on the stock exchange?
The Yasons Chemex Care SME IPO is expected to be listed on the stock exchange on August 3, 2023.
What is Cut-off time for UPI mandate confirmation?
The cut-off time for UPI mandate confirmation is 5 PM on the last day of the IPO issue, unless this timing is extended. This means that you must accept or revoke the UPI mandate request by 5 PM on the last day of the IPO in order to participate in the IPO.
Yasons Chemex Care IPO grey market premium (GMP) today
As of today, July 25, 2023, the grey market premium (GMP) for Yasons Chemex Care IPO is ₹10