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HindPrakash IPO is a fixed price issue of Rs 11.52 crores.
HindPrakash IPO bidding started from January 15, 2020 and ended on January 17, 2020. The shares got listed on NSE SME on January 27, 2020.
HindPrakash IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Hem Securities Limited is the book running lead manager of the HindPrakash IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to HindPrakash IPO RHP for detailed information.
| IPO Date | January 15, 2020 to January 17, 2020 |
| Listing Date | January 27, 2020 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,880,000 shares (aggregating up to ₹11.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 150,000 shares |
HindPrakash IPO offers 2,880,000 shares. 1,365,000 (47.40%) to NII, 1,365,000 (47.40%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 150,000 (5.21%) |
| Other Shares Offered | 1,365,000 (47.40%) |
| Retail Shares Offered | 1,365,000 (47.40%) |
| Total Shares Offered | 2,880,000 (100%) |
Investors can bid for a minimum of 3000 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 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Sanjay Prakash Mangal, Mr. Om Prakash Mangal and Mr. Santosh Narayan Nambiar are the promoters of the company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 72.37% |
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
| Particulars | For the year/period ended (Rs 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 market capitalization of HindPrakash IPO is Rs 41.7 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.7 |
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.
[Dilip Davda] The company is in auxiliary chemical business used by Textile, Dyestuff and Dyes intermediates, Construction chemicals etc. This segment is fragmented with many organized/unorganized players raising cut-throat competition. The sudden boost in top line for pre-IPO and IPO year raises concern. As issue appears fully priced, cash surplus - risk savvy investors may consider investment at their own risk. Read detail review...
The HindPrakash IPO is subscribed 2.16 times on January 17, 2020 5:00:00 PM. The public issue subscribed 1.37 times in the retail category, times in the QIB category, and 2.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.96 |
| Retail | 1.37 |
| Total | 2.16 |
| Listing Date | January 27, 2020 |
| BSE Script Code | |
| NSE Symbol | HPIL |
| ISIN | INE05X901010 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹40.70 |
| ₹40.70 |
| ₹42.70 |
| ₹41.30 |
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
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on January 15, 2020, and closes on January 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 January 15, 2020 and closes on January 17, 2020.
HindPrakash IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in HindPrakash 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 HindPrakash IPO will be done on [.], and the allotted shares will be credited to your demat account by Friday, January 24, 2020. Check the HindPrakash IPO allotment status.
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