Yasons Chemex Care Limited IPO

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i. Yasons Chemex Care is in the business of manufacturing of;
a) dyes and pigment paste; and
b) FMCG products.

ii. Within dyes, they 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.

iii. The Company manufactures multiple shades of dyes. The Company also manufactures a wide range of pigment paste from various chemicals.

iv. Within FMCG they manufacture or package products such as hair oil, perfumes & deodorant, handmade soap, sanitizer, etc., under our own brand name “PLXO”.

v. The company also trade in both dyes, pigment and pigments paste, which is primarily for meeting customer requirements. Some of their customers require a range of dyes or pigment paste besides the products they manufacture and sell. In these cases, they purchase the products, which are not manufactured by us and cater to the entire requirements of the customers.

vi. With the wide range of products, they offer colorsolutions directly or indirectly (trader) for various industries like textile, paper, paints, inks, soap, plastic, wood, detergents and FMCG.

Competitive Strengths

i. Focus on Quality & Innovation
ii. Experienced Director
iii. Locational Advantage

Objects of the Yasons Chemex Care Limited IPO:

The Company proposes to utilize the Net Proceeds from the issue towards the following objects: i. Meeting incremental working capital requirements ii. General corporate purposes

Yasons Chemex Care Limited IPO Details:

Open Date: Jul 24 2023
Close Date: Jul 26 2023
Total Shares: 5,142,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 20.57 Cr.
Lot Size: 3000 Shares
Issue Price: ₹ 40 Per Equity Share
Listing At: NSE Emerge
Listing Date: Aug 03 2023

Promoters And Management:

Pritesh Yashwantlal Shah is the Managing Director cum Chairman of the Company, has been on the board since incorporation. He has done B.Sc. in chemistry from Gujarat University. He has experience of more than 20 years in chemical industry. He is also on the board of directors of the holding company i.e., Yash Chemex Limited Dimple Priteshkumar Shah is the Whole Time Director of the Company. She has been associated with the Company since 2018. She holds bachelor degree of commerce from Gujarat University. She is also on the board of director of the holding company i.e., Yash Chemex Limited. She has over 3 years of experience with the Company. Angee RajendraKumar Shah is a Non-Executive Independent Director of the Company. She has been associated with the Company since 2019. She holds the bachelor degree of commerce from Gujarat University. She is Company Secretary by profession and also holds a Bachelor’s Degree in Law. She is also an Independent Non-Executive Director of the holding company i.e., Yash Chemex Limited.

Financials of Yasons Chemex Care Limited IPO:

Pariculares ( In Crore )

2020

2021

2022

2023

Revenue from Operations 19 18 25 37
Other Income 0.2 0.2 1 4
Total Revenue 20 18 26 41
Cost of material consumed 10 13 16 25
Purchase of Stock-in-Trade 8 3 6 15
Changes in Inventories -0.6 -0.08 0.13 -4.7
Employee Benefits Expense 0.14 0.07 0.16 0.14
Other Expenses 0.19 0.54 0.44 0.62
EBITDA 1.7 2 3 5
Depreciation & Amortisation 0.11 0.14 0.12 0.10
Finance Cost 0.05 0.23 0.35 0.41
EBIT 2 2 3 5
OPM (%) 8.91% 12.17% 11.45% 11.53%
PBT 2 2 3 4
Tax 0.4 0.6 0.6 0.8
PAT 1 1 2 3
NPM (%) 5.89% 6.95% 7.47% 8.37%
No.of Shares 1.93 1.93 1.93 1.93
EPS 0.59 0.64 1.01 1.77

Comparison With Peers:

Name of the Company
Revenue (In Crore)
PAT (In Crore)
EPS ( in Rs)
P/E
CMP
Mcap (In Crore)
Yasons Chemex Care Limited 37 3 1.77 22.5 40 77
Mahickra Chemicals Limited 103 3 4.04 20.3 81.8 67
Meghmani Organics Ltd 2,553 238 9.35 9.4 82.4 2,096
Kiri Industries Limited 945 107 20.58 13 268 1,387
Ushanti Colour Chem Limited 44 0.98 0.95 66.2 63 65
* All the data is as per FY23.

Lead Manager of Yasons Chemex Care Limited IPO:

  1. Fedex Securities Limited

Registrar of Yasons Chemex Care Limited IPO:

  1. Kfin Technology Private Limited

Company Address:

Yasons Chemex Care Limited 4th floor, 412 Sigma Icon-1, 132ft Ring Road, Opp. Medilink Hospital, Satellite, Ahmedabad - 380015 Phone: +91 079400 28639 Email: yccl@yashchemex.com Website: http://www.yasonschemexcare.com/

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