Yasons Chemex Care was incorporated on October 17, 2017, in Ahmedabad, India. The primary objective of the company is to manufacture dyes, pigment paste and FMCG products. The FMCG products include hair oil, perfumes, deodorants, etc. and are packaged under the brand name PLXO. They also offer colour solutions to several industries like paper, wood, detergent, textiles, etc.
Yasons Chemex Care Limited IPO Details
Yasons Chemex Care is a 100% fresh IPO worth ₹20.57 crore. The issue comprises 51,42,000 shares and is priced at ₹40 per share. Retail investors can bid for the Yasons Chemex Care Limited IPO, which will open on July 24, 2023. Yasons Chemex Care Limited’s IPO will list on the NSE exchange on August 3, 2023.
Yasons Chemex Care Limited IPO Objectives
The objectives of Yasons Chemex Care Limited's IPO are listed below:
- To fund the working capital requirements of our company
- To meet the general corporate purposes.
Noteworthy Highlights of Yasons Chemex Care Ltd
- Yasons Chemex Care Ltd has two manufacturing units in Gujarat, India.
- Yasons Chemex Care is a subsidiary of the BSE-listed company Yash Chemex Limited. The company is also a partner in Rishit Polysurf LLP with a 99% share in profits.
Peer Details
Yasons Chemex Care does not have any listed peers in the market that works on the same line of business.
Company Financials
| Particulars | Period ending on March 31, 2023 ( ₹ in lakh) | Period ending on March 31, 2022 ( ₹ in lakh) |
|---|---|---|
| Total Revenue | 4,100.64 | 2,617.01 |
| Profit After Tax (PAT) | 343.16 | 195.41 |
| Net Worth | 2,072.04 | 1,728.57 |
| Earnings Per Share | 2.42 | 1.38 |
| Total Borrowings | 346.40 | 281.40 |
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Strengths
2The total revenue of the company increased highly from ₹1,804.79 on March 31, 2021, to ₹4,100.64 on March 31, 2023.
The company has its profit after tax raised more than 50% from ₹125.35 on March 31, 2021, to ₹343.16 on March 31, 2023.
Risks
2The company doesn't hold any long-term contracts with any of its clients/customers and typically operates based on purchase orders.
There are certain outstanding legal proceedings related to tax, on the company, its promoters and its directors.
