Yasons Chemex Care IPO: How to Check Allotment Status

The ₹20.57 crore IPO of Yasons Chemex Care Ltd comprises entirely of a fresh issue of shares. The fresh issue component of the Yasons Chemex Care Ltd IPO entails issue of 51.42 lakh shares which at the fixed IPO price of ₹40 per share aggregates to ₹20.57 crore. Since there is no offer for sale (OFS) component, the fresh issue size is also the total size of the IPO. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 3,000 share each. Thus, the minimum investment of ₹120,000 in the IPO is the base limit. HNI / NII investors can bid in multiples of 2 lots of 6,000 shares per lot worth ₹240,000 value.

The IPO just closed on Wednesday 26th July 2023 and at the close of the third day, the issue was subscribed 59.60 times overall. The basis of allotment will be finalized on 31st July 2023 while the refunds to non-allottees will be initiated on the 01st August 2023. The company expects to complete the demat credits to the allottees as of 02nd August 2023, while the company plans to list its IPO on the NSE SME Emerge Segment on 03rd August 2022.

What you must know about allotment status checking

Allotment status online is an internet facility that is provided by the BSE (formerly Bombay Stock Exchange) in the case of mainboard IPOs and BSE SME Segment IPOs as well as by the registrars on their website. Many of the brokers also provide direct connectivity to the database. However, in the absence of any connectivity, one option you always have to use one of these options. In this case, Yasons Chemex Care Ltd is an NSE SME Emerge IPO and hence the data would not be available on the website of BSE.

NSE does not provide this facility on its website. That means; you can either only check the allotment status on the website of the IPO registrar, KFIN Technologies Limited (formerly Karvy Computershare). The allotment in the IPO will depend on the extent of the oversubscription across the retail, HNI / NII and the QIB portion and it is the valid applications that will make the cut. But we will look at that later. Let us first look at how to check the allotment status of the Yasons Chemex Care Ltd IPO. Here are the steps.

When and where to check the allotment status?

When can the allotment status be checked. The IPO allotment status will be finalized on July 31, 2023. Hence, either late on July 31, 2023 or by middle of August 01, 2023, the allotment status can be checked online on the website of the IPO registrar. Where can the allotment status be checked? Typically, in all the mainboard issues, it is possible to get the allotment status of the IPO either at the BSE website or on the website of the registrar to the IPO.

However, Yasons Chemex Care Ltd IPO being a NSE-SME Emerge IPO, it would be listed only on the NSE and not on the BSE. Hence BSE will not be providing the allotment status for this IPO, while NSE does not normally offer online allotment status on their website. Hence, in the case of Yasons Chemex Care Ltd IPO, the only way is the check on the website of KFIN Technologies, the registrar to the IPO.

Checking the allotment status of Yasons Chemex Care Ltd on KFIN Technologies Ltd (Registrar to IPO)

Visit the website of KFIN Technologies Ltd, which has been appointed as the registrar for the issue. You can access their website for IPO status by clicking on the link below:

https://ris.kfintech.com/ipostatus/

Here you are given the choice to select 5 servers viz. Link 1, Link 2, Link 3, Link 4, and Link 5. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select.

A small thing to remember here. Unlike on the BSE website, where the names of all IPOs are there on the drop-down menu, the registrar will only provide of the IPOs managed by them and where the allotment status is already finalized. Also, for simplicity, you can either choose to see all IPOs or just recent IPOs. Choose the latter, as that reduces the length of the list of IPOs you need to search through. Once you click on Recent IPOs, the dropdown will only show the recent active IPOs, so once the allotment status is finalized, you can select Yasons Chemex Care Ltd from the drop-down box.

• There are 3 options. You can either query the allotment status based on PAN, Application Number or Demat Account (DPID-Client ID combination).
   
• To Query by PAN, check the appropriate box and follow these steps.
  • Enter the 10-digit PAN number
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment status gets displayed on screen
     
• To Query by Application Number, check the appropriate box and follow these steps.
  • Enter the Application Number as it is
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

In the past, the first step was to select Application Type (ASBA or Non-ASBA) before inputting your application number. Now, that step has been done away with.
 

• To Query by Demat Account, check the appropriate box and follow these steps.
  • Select the depository (NSDL / CDSL)
  • Enter the DP-ID (Alphanumeric for NSDL and Numeric for CDSL)
  • Enter the Client-ID
  • In the case of NSDL, the Demat account is 2 strings
  • In the case of CDSL, the Demat account is just 1 string
  • Enter the 6-digit Captcha Code
  • Click on Submit button
  • Allotment Status gets displayed on screen

It is always advisable to retain a saved screenshot of the allotment status output for future reference. The same can be tallied with the demat account credit subsequently.

Subscription status for the Yasons Chemex Care Ltd IPO

Here is the final subscription status of the Yasons Chemex Care Ltd IPO as at close on 26th July 2023, at 17.30 hours.

The issue was only open for retail investors and for the HNI / NIIs. There was a broad quota designed for each of the segments viz. the QIBs, the retail and the HNI NII. The table below captures the allocation reservation done for each of the categories.

Since there is no anchor portion in the IPO and also no specific QIB allocation, the entire issue, other than the 5.25% allocated to the market makers (Nikunj Stock Brokers in this case), were for the public issue only. The market maker uses the shares to offer buy and sell quotes on the counter post listing so as to keep the counter liquid and reduce the basis risk of trading in the stock.

Brief on Yasons Chemex Care Ltd

Yasons Chemex Care Ltd was incorporated in 2017 to manufacture dyes and pigment paste and other related FMCG products. Yasons Chemex Care Ltd manufactures basic dyes, reactive dyes, food colourants, direct dyes, and VAT dyes and these include natural dyes, synthetic dyes, and organic dyes. They also manufacture FMCG products like hair oil, perfumes, deodorant, soap, and sanitizers under its brand name PLXO. It has 2 manufacturing facilities in Gujarat. It manufactures dyes and pigment paste at GIDC, Vatva, Ahmedabad, while FMCG products are made at its Sanand facility.