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Hindcon Chemicals Limited IPO (Hindcon Chemicals IPO) Detail

February 26, 2018 - February 28, 2018

Hindcon Chemicals IPO is a fixed price issue of Rs 7.73 crores.

Hindcon Chemicals IPO bidding started from February 26, 2018 and ended on February 28, 2018. The shares got listed on NSE SME on March 9, 2018.

Hindcon Chemicals IPO price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.

Hem Securities Limited is the book running lead manager of the Hindcon Chemicals IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Hindcon Chemicals IPO RHP for detailed information.

Hindcon Chemicals IPO Details

IPO Date February 26, 2018 to February 28, 2018
Listing Date March 9, 2018
Face Value ₹10 per share
Price ₹28 per share
Lot Size 4000 Shares
Total Issue Size2,760,000 shares
(aggregating up to ₹7.73 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Hindcon Chemicals IPO Reservation

Hindcon Chemicals IPO offers 2,760,000 shares. 1,380,000 (50.00%) to NII, 1,380,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered1,380,000 (50.00%)
Retail Shares Offered1,380,000 (50.00%)
Total Shares Offered2,760,000 (100%)

Hindcon Chemicals IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹112,000
Retail (Max) 1 4000 ₹112,000
Lot Size Calculator

About Hindcon Chemicals Limited

Incorporated in 1998, Hindcon Chemicals Limited is engaged in manufacturing of chemicals particularly for construction industry. They offer Waterproofing additives, Plasticisers and Super Plasticisers, Tile Adhesives, Sealant Products, Floor Topping products, Epoxy Grout & Mortar and Cleaning Compound chemicals etc under brand names Hind Anti Rust, Hind Block Fix, Hind Crete Plus - WPM, Hind Fix TA, Hind Hydraproof Ceramic, Hind Plasto Guard and Hind Sealant.

They also provide waterproofing and rehabilitation jobs on works contract basis. Company's customers includes Larsen & Toubro Ltd., Gammon India Ltd., BGR Energy Systems Ltd., Hindustan Construction Company Ltd., Jaiprakash Associates Ltd., Patel Engineering Ltd, SEW Infrastructure Ltd. Company's manufacturing facility is located at Howrah, West Bengal which has an existing installed capacity of 30,000 MT per year.

Objects of the Issue (Hindcon Chemicals IPO Objectives)

The object of the issue are to:

1. To Meet Working Capital Requirement
2. To meet General Corporate Expenses
3. To meet Issue Expenses

Hindcon Chemicals IPO Review (May apply)

[Dilip Davda]  

Sudden jump in bottom line on a static top line is surprising and raising concern. However, based on performance it appears a lucrative bet. Investment may be considered for long term.

Read detail review...

Hindcon Chemicals IPO Subscription Status (Bidding Detail)

The Hindcon Chemicals IPO is subscribed times on February 28, 2018 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Hindcon Chemicals IPO Prospectus

Hindcon Chemicals IPO Rating

Rating:Rated 4.0 stars
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Hindcon Chemicals IPO Listing Details

Listing Date March 9, 2018
BSE Script Code
ISIN INE642Y01011
Final Issue Price ₹28 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Hindcon Chemicals Limited Contact Details

Hindcon Chemicals Limited
62/B, Braunfeld Row,
1st Floor,
Phone: 033-24490835/39

Hindcon Chemicals IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Hindcon Chemicals IPO - Buy or Not

Hindcon Chemicals IPO Recommendation Summary

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Members 0 0 0

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Hindcon Chemicals IPO FAQs

Hindcon Chemicals IPO is a SME IPO of 2,760,000 equity shares of the face value of ₹10 aggregating up to ₹7.73 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000 Shares.

The IPO opens on February 26, 2018, and closes on February 28, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Hindcon Chemicals IPO opens on February 26, 2018 and closes on February 28, 2018.

Hindcon Chemicals IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.

You can apply in Hindcon Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Hindcon Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hindcon Chemicals IPO allotment status.

The Hindcon Chemicals IPO listing date is on March 9, 2018.
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Hindcon Chemicals IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



114. S Patel |   Link |  Bookmark |March 12, 2018 2:11:37 PM
Thanks Umang for your valuable advise.. based on your input, I have avoided this.. And applied 7 lots in Sarveshwar..
114.1. coolaks |   Link |  Bookmark |March 15, 2018 2:15:06 PM
S patel Tumari toh lag gayi price at 72 you are in Huge Loss.
113. NPP |   Link |  Bookmark |March 13, 2018 7:09:13 PM
Expected price after 1 month ?
2 ?
6 ? Pl put your views , want to buy in bulk quantity ?
112. S Patel |   Link |  Bookmark |March 12, 2018 9:43:30 AM
last week it was subscribed more than 100 times.. and today no one is ready to buy below issue price..
112.2. Maverick Sachin Jain |   Link |  Bookmark |March 12, 2018 11:11:40 AM
Hats Off Umang.....You have got great expertise in SME....You are truly a Champion....That''s why Smart People subscribed to Sarveshwar based on your analysis....
112.3. kapil K |   Link |  Bookmark |March 12, 2018 1:05:02 PM
hold or sell now at 27 ?
future scope in hindcon chemical?
111. Sinewave |   Link |  Bookmark |March 9, 2018 10:16:12 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Poor Listing.
Unable to sustain S2 rates.
Book profit. More selling pressure.
111.1. Umang and his ultrasonic uproar |   Link |  Bookmark |March 9, 2018 10:56:19 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
You have done the right thing. Even if market would have been in positive bias, you would have not seen more than 20% return.
110. an Investor |   Link |  Bookmark |March 9, 2018 9:31:22 AM (200+ Posts)
No UC :(
Exited @30
109. S Patel |   Link |  Bookmark |March 9, 2018 8:10:20 AM
listing is today... all the best to all allottess..
108. abc xyz |   Link |  Bookmark |March 9, 2018 7:24:02 AM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
All the best for Successful allottees of Hindon!!!!!!!!
107. MARWADI |   Link |  Bookmark |March 7, 2018 7:34:33 PM
SBI me lien remove kisi ka hua he
107.3. v.kohli. |   Link |  Bookmark |March 8, 2018 10:55:50 PM
Till asba not unblcked
107.4. addy A |   Link |  Bookmark |March 9, 2018 7:10:07 AM
For me, yesterday afternoon amount is released...
Msg from SBI:
Hold for INR 1,12,000.00 removed in your AC XXXXXXXXX25 on 08/03/18.
106. IPO Success |   Link |  Bookmark |March 9, 2018 6:13:16 AM
Listing of Hindon Chemicals will surely gonna affect the subscription numbers for upcoming SME IPO. Lets hope for a circuit.
105. MITESH t |   Link |  Bookmark |March 8, 2018 12:47:12 PM
when is listing date???
104. shivika |   Link |  Bookmark |March 7, 2018 3:40:14 PM
It Shows allotted 55 shares..hw is that possible
104.9. Vinod Subramaniam |   Link |  Bookmark |March 8, 2018 12:11:48 PM
I feel most of the times sbi unblocks very late compared to HDFC. When HDFC can unblock quickly why sbi cant. Is there a way to lodge a complaint against SBI and asking them to improve the process?
104.10. an Investor |   Link |  Bookmark |March 8, 2018 12:31:05 PM (200+ Posts)
@Vinod - may be because SBI staff is punctual in lunch hours and HDFC staff is not ;)
103. Nakp |   Link |  Bookmark |March 8, 2018 1:23:07 AM
1/2got allotment
102. sohan |   Link |  Bookmark |March 7, 2018 10:00:34 PM
101. AJT |   Link |  Bookmark |March 7, 2018 6:48:43 PM
1/3. Thanks Linkintime.
101.1. Subject to sauda |   Link |  Bookmark |March 7, 2018 6:53:08 PM
100. INVESTIGATOR |   Link |  Bookmark |March 7, 2018 6:16:30 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
ZERO out of NINE

*source : Bank a/c statement (ASBA shows NIL)
99. Rohit Maggu |   Link |  Bookmark |March 7, 2018 6:01:55 PM
Hindcon allotment out now
98. MITESH t |   Link |  Bookmark |March 7, 2018 5:59:38 PM
97. shahkunalm |   Link |  Bookmark |March 7, 2018 4:53:37 PM
I have applied through PNB ASBA..Amount still link in time shows record not found.. I have successfully submitted application..
96. lic |   Link |  Bookmark |March 7, 2018 12:49:42 PM
Any one from sbi bank unblock money user !
SBI A/c abhi block h mean allotment Yes or No ?
96.1. shivika |   Link |  Bookmark |March 7, 2018 3:46:40 PM
Same here still blocked
95. INVESTIGATOR |   Link |  Bookmark |March 7, 2018 3:38:40 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
On Link in Site :
Service Unavailable means Allotment OUT