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Hindcon Chemicals Limited IPO (Hindcon Chemicals IPO) Detail

Feb 26, 2018 - Feb 28, 2018

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

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 Details

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

The object of the issue are to:

1. Mr. Sanjay Goenka and
2. Mrs. Nilima Goenka

Hindcon Chemicals IPO Lot Size

The Hindcon Chemicals IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹112,000).

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

Hindcon Chemicals IPO Review

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 Feb 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)
NII
Retail
Total

Hindcon Chemicals IPO Prospectus

Hindcon Chemicals IPO Rating

193
4.0
Rating:Rated 4.0 stars
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Hindcon Chemicals IPO Listing Date

Listing Date Friday, March 9, 2018
BSE Script Code
NSE Symbol HINDCON
Listing In
ISIN INE642Y01011
IPO Price ₹28 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹28.00
₹33.60
₹29.00
₹33.60
₹29.30

Company Contact Information

Hindcon Chemicals Limited
62/B, Braunfeld Row,
1st Floor,
Kolkata
Phone: 033-24490835/39
Email: contactus@hindcon.com,
Website: http://www.hindcon.com

Hindcon Chemicals IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: hindcon.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Hindcon Chemicals IPO Review

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 Feb 26, 2018, and closes on Feb 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 Feb 26, 2018 and closes on Feb 28, 2018.

Hindcon Chemicals IPO lot size is 4000 Shares and the minimum order quantity is .

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 Friday, March 9, 2018.
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Hindcon Chemicals IPO Message Board

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210 Comments

114. S Patel |   Link |Mar 12, 2018 3:11:37 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 |Mar 15, 2018 3:15:06 PM
S patel Tumari toh lag gayi price at 72 you are in Huge Loss.
113. NPP |   Link |Mar 13, 2018 8:09:13 PM
Expected price after 1 month ?
2 ?
6 ? Pl put your views , want to buy in bulk quantity ?
112. S Patel |   Link |Mar 12, 2018 10:43:30 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 |Mar 12, 2018 12:11:40 PM
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 |Mar 12, 2018 2:05:02 PM
hold or sell now at 27 ?
future scope in hindcon chemical?
111. Sinewave |   Link |Mar 9, 2018 11:16:12 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Poor Listing.
Unable to sustain S2 rates.
Book profit. More selling pressure.
111.1. Umang and his ultrasonic uproar |   Link |Mar 9, 2018 11:56:19 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ 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 |Mar 9, 2018 10:31:22 AM
No UC :(
Exited @30
109. S Patel |   Link |Mar 9, 2018 9:10:20 AM
listing is today... all the best to all allottess..
108. abc xyz |   Link |Mar 9, 2018 8:24:02 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
All the best for Successful allottees of Hindon!!!!!!!!
107. MARWADI |   Link |Mar 7, 2018 8:34:33 PM
SBI me lien remove kisi ka hua he
107.3. v.kohli. |   Link |Mar 8, 2018 11:55:50 PM
Till asba not unblcked
107.4. addy A |   Link |Mar 9, 2018 8:10:07 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 |Mar 9, 2018 7:13:16 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 |Mar 8, 2018 1:47:12 PM
when is listing date???
104. shivika |   Link |Mar 7, 2018 4:40:14 PM
It Shows allotted 55 shares..hw is that possible
104.9. Vinod Subramaniam |   Link |Mar 8, 2018 1:11:48 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 |Mar 8, 2018 1:31:05 PM
@Vinod - may be because SBI staff is punctual in lunch hours and HDFC staff is not ;)
103. Nakp |   Link |Mar 8, 2018 2:23:07 AM
1/2got allotment
102. sohan |   Link |Mar 7, 2018 11:00:34 PM
0/6
101. AJT |   Link |Mar 7, 2018 7:48:43 PM
1/3. Thanks Linkintime.
101.1. Subject to sauda |   Link |Mar 7, 2018 7:53:08 PM
Congratulations
100. INVESTIGATOR |   Link |Mar 7, 2018 7:16:30 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 |Mar 7, 2018 7:01:55 PM
Hindcon allotment out now
98. MITESH t |   Link |Mar 7, 2018 6:59:38 PM
WILL THERE BE ANY UC??
I HAVE STRONG DOUBTS
97. shahkunalm |   Link |Mar 7, 2018 5:53:37 PM
I have applied through PNB ASBA..Amount still blocked..in link in time shows record not found.. I have successfully submitted application..
96. lic |   Link |Mar 7, 2018 1:49:42 PM
Any one from sbi bank unblock money user !
SBI A/c abhi block h mean allotment Yes or No ?
96.1. shivika |   Link |Mar 7, 2018 4:46:40 PM
Same here still blocked
95. INVESTIGATOR |   Link |Mar 7, 2018 4:38:40 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
On Link in Site :
Service Unavailable means Allotment OUT