Incorporated in 2008, Ahmedabad based Hindprakash Industries Limited manufactures Disperse Dyes, Reactive Dyes, Textile auxiliaries, Intermediates and Chemicals. Along with production, the company is also engaged in the trading of its products to various industries. Some of the industries are Speciality Chemicals, Construction Chemicals, Dye intermediates, Textiles and Dyestuff.
The company is located at Vatva (Gujarat) which is known for blending, formulation, and manufacturing of auxiliaries, dyes and intermediaries. Hindprakash has a manufacturing unit and a separate laboratory for operational efficiency. For business operations, the company has all the related types of machinery.
All the process starting from raw material procurement to inspection to synthesizing to drying to blending to packaging to delivery are carried out in-house by the company. HindPrakash Industries Ltd has two warehouses to store the raw material and finished goods. HindPrakash uses a 3rd party transportation facility.
Key Strengths of the Company are:
1. Quality products at reasonable prices
2. Prime location advantage
3. Long-term clients
Mr. Sanjay Prakash Mangal, Mr. Om Prakash Mangal and Mr. Santosh Narayan Nambiar are the promoters of the company.
| Particulars | For the year/period ended (₹ in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sept-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 4,793.36 | 4,813.53 | 3,116.38 | 3,467.16 | |
| Total Revenue | 5063.80 | 9,799.48 | 8,747.58 | 8,611.78 | |
| Profit After Tax | 177.81 | 283.42 | 231.91 | 214.26 | |
The company intends to utilize the Issue Proceeds towards the following objects:
1. To Meet Working Capital Requirements;
2. General Corporate Purpose; and
3. To Meet the Issue Expenses.
| Issue Open | Jan 15, 2020 - Jan 17, 2020 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,880,000 Eq Shares of ₹10 (aggregating up to ₹11.52 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹40 Per Equity Share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| P/E (x) | 11.7 |
| Market Cap (₹ Cr.) | 41.7 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹120,000 |
| Maximum | 1 | 3000 | ₹120,000 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 72.37% |
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 1,365,000 | 1,365,000 | 2,730,000 |
Jan 17, 2020 17:00 | 2.96x | 1.37x | 2.16x |
| Listing Date | Monday, January 27, 2020 |
| BSE Script Code | |
| NSE Symbol | HPIL |
| Listing In | ST |
| ISIN | INE05X901010 |
| Issue Price | ₹40 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
HindPrakash Industries Ltd
301, Hindprakash House, Plot No.10/6,
GIDC, Vatva,
Ahmedabad- 382445, India
Phone: +91-79-6812 7000-10
Email: info@hindprakash.com
Website: http://www.hindprakash.in/
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
HindPrakash IPO is a SME IPO of 2,880,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores.
The issue price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Jan 15, 2020 and closes on Jan 17, 2020.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The HindPrakash IPO opens on Jan 15, 2020 and closes on Jan 17, 2020.
HindPrakash IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for HindPrakash IPO will be done on [.], and the allotted shares will be credited to your demat account by Jan 24, 2020. Check the HindPrakash IPO allotment status.
HindPrakash IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
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I applied 2 lot and allotment 2 lot
I sold one lot at 40.7