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Business News/ Markets / Ipo/  Yasons Chemex Care IPO: GMP, subscription status on day 2, and other key details
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Yasons Chemex Care IPO: GMP, subscription status on day 2, and other key details

Yasons Chemex Care IPO is open for subscription until July 26th with a price band of ₹40 per share. The IPO is worth ₹20.57 crore and will be listed on the NSE SME exchange on August 3rd. The IPO has been subscribed 11.14 times so far.

Yasons Chemex Care IPO opened for subscription on Monday, 24 July, and will close on Wednesday, 26 July. Premium
Yasons Chemex Care IPO opened for subscription on Monday, 24 July, and will close on Wednesday, 26 July.

Yasons Chemex Care IPO opened for subscription on Monday, 24 July, and will close on Wednesday, 26 July. The company has set the IPO's price band at 40 per equity share and the share will be listed on the NSE SME exchange Thursday, August 3.

The Yasons Chemex Care IPO, which is worth 20.57 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The fresh funds through the IPO will be put to use for general corporate needs and for the company's working capital requirements.

The Yasons Chemex Care SME IPO share allotment will take place on Monday, 31 July. Those allotted shares will get them in their Demat accounts on Wednesday, 2 August. The refund process for those who did not get shares will begin on Tuesday, 1 August.

Yasons Chemex Care is a manufacturing company that was founded in 2017. They produce FMCG items, dyes, and pigment paste.

They provide a wide range of dyes in the dyes segment, including basic dyes, reactive dyes, food colourants, direct dyes, and vat dyes. They provide various dye colours.

Yasons Chemex Care IPO Subscription Status:

The SME initial public offering (IPO) of Yasons Chemex Care Ltd was subscribed 11.14 times on day 2 so far. The issue received positive response from retail investors who's portion set was subscribed 17.33 times, followed by non-institutional buyers who's portion set was subscribed 4.94 times, according to data on chittorgarh.com.

The company has received bids for 5,42,76,000 shares against 5,142,000 shares on offer, at 17:39 IST, according to data on chittorgarh.com.

Yasons Chemex Care IPO opens: GMP, subscription status, and other key details

Yasons Chemex Care IPO GMP details:

The Yasons Chemex Care GMP or grey market premium is +10. This indicates that the shares of Yasons Chemex Care were trading at a premium of 10 in the grey market on Tuesday, according to topsharebrokers.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Yasons Chemex Care share is 50 apiece, which is 25% higher than the IPO price.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

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Published: 25 Jul 2023, 05:50 PM IST
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