Yasons Chemex Care IPO to close soon: Issue price, listing date, other key details

Yasons Chemex Care IPO: Yasons Chemex Care's SME IPO, estimated to be worth Rs 20.6 crore, entered the last day of subscription on Wednesday, July 26. Yasons Chemex Care is a manufacturer of dye, pigment paste and FMCG products. 

The Yasons Chemex IPO comprises fresh issuance of shares worth Rs 20.6 crore, meaning the proceeds will go to the company. 

Here are some of the key things to know about the Yasons Chemex SME IPO: 

Yasons Chemex Care SME IPO: Allotment date 

The shares will be allotted to the public on July 31. Successful subscribers will be able to check the allotment status on register Kfin Technologies' website. Here's the direct link. https://kosmic.kfintech.com/ipostatus/.

Refunds to unsuccessful bidders are likely to be initiated on August 1 and the credit of shares to the accounts of successful bidders on August 2. 

Yasons Chemex Care SME IPO: Listing date

Yasons Chemex Care shares are likely to be listed on stock exchange NSE's SME platform on August 3.

Yasons Chemex Care SME IPO: Fund utilisation

The company plans to utilise the proceeds from the issue towards working capital requirements and for general corporate purposes.

About Yasons Chemex Care

In the dyes segment, Yasons Chemex Care manufactures basic dyes, reactive dyes, food colourants, direct dyes, and vat dyes. The company offers multiple shades of dyes, such as natural dyes, synthetic dyes and synthetic organic dyes. Yasons Chemex Care has two manufacturing facilities in Gujarat.

What is an SME IPO?

It is a type of IPO which enables small and medium enterprises (SMEs) raise capital through the primary market.

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