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HindPrakash Industries Ltd IPO (HindPrakash IPO) Detail

January 15, 2020 - January 17, 2020

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.

HindPrakash IPO Details

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 Size2,880,000 shares
(aggregating up to ₹11.52 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion150,000 shares

HindPrakash IPO Reservation

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 Offered150,000 (5.21%)
Other Shares Offered1,365,000 (47.40%)
Retail Shares Offered1,365,000 (47.40%)
Total Shares Offered2,880,000 (100%)

HindPrakash IPO Lot Size

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

HindPrakash IPO Promoter Holding

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%

About HindPrakash Industries Ltd

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

Company Financials

Summary of financial Information (Restated)
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

Key Performance Indicator

The market capitalization of HindPrakash IPO is Rs 41.7 Cr.

Pre IPO Post IPO
P/E (x) 11.7

Objects of the Issue (HindPrakash IPO Objectives)

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.

HindPrakash IPO Review (May apply)

[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...


HindPrakash IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other2.96
Retail1.37
Total2.16

HindPrakash IPO Prospectus

HindPrakash IPO Rating

96
3.3
Rating:Rated 3.3 stars
Vote Here ...

HindPrakash IPO Listing Details

Listing Date January 27, 2020
BSE Script Code
NSE Symbol HPIL
ISIN INE05X901010
Final Issue Price ₹40 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹40.00
₹40.70
₹40.70
₹42.70
₹41.30

Check IPO Performance…

HindPrakash Industries Ltd Contact Details

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/

HindPrakash IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

HindPrakash IPO - Buy or Not

HindPrakash IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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HindPrakash IPO FAQs

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.

The HindPrakash IPO listing date is on January 27, 2020.
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HindPrakash IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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70 Comments

33. Amit Chheda |   Link |  Bookmark |March 5, 2020 1:11:47 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
HNI Expectation 60.... Sh expectation 30 times.....gmp 180-200 firm.
32. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 8:45:43 AM (1400+ Posts, 1200+ Likes)
Dear Small Dinesh
I applied 2 lot and allotment 2 lot
I sold one lot at 40.7
32.2. Dinesh Singh |   Link |  Bookmark |January 27, 2020 12:50:14 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Sold at 42.7 1 lot.
32.3. Small Investor |   Link |  Bookmark |January 27, 2020 4:28:56 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Exit now if any one hold yet
31. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 9:23:06 AM (1400+ Posts, 1200+ Likes)
Dear Small
Now your retirement thought may be postponed i think because it listed well for 6k 7k profit if you sold at 42,7
31.2. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 11:15:17 AM (1400+ Posts, 1200+ Likes)
Dear Small
Now you made profit of 7.5k
Now induce you to apply coming sme stock is in it?
31.3. Small Investor |   Link |  Bookmark |January 27, 2020 11:28:41 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
i skip Tranway and Janu,and few thinking about MCL FPO but not confirm yet that i apply in MCL
30. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 8:48:49 AM (1400+ Posts, 1200+ Likes)
Dear Small
FPO is like IPO
In the past FPO shares not much reward
When shares are at the hands it may be 80+ or 75 +
For 150 shares allotment Rs/3 or 5 for listing gain is not fruitful.
Decide yourself for applying.
My view is HNI will not much interest in this counter
30.1. Small Investor |   Link |  Bookmark |January 27, 2020 10:23:47 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
i skip FPO of ITI
29. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 9:25:14 AM (1400+ Posts, 1200+ Likes)
Dear Spelendid
No idea sir
Usually FPO not reward much in the past.
ITI also the same.
28. RAJAKUMAR |   Link |  Bookmark |January 27, 2020 9:20:56 AM (1400+ Posts, 1200+ Likes)
Dear Small
Sold final lot at 42,7
27. BLR |   Link |  Bookmark |January 27, 2020 9:16:12 AM
sold at 40.70 (two lots )
26. Splendid |   Link |  Bookmark |January 27, 2020 9:14:11 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@Raja

Whats your view about Madhav Copper?
25. Small Investor |   Link |  Bookmark |January 27, 2020 8:04:42 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
pre open price 41
24. Dinesh Singh |   Link |  Bookmark |January 24, 2020 9:15:38 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Admin,
Please update the info of listing date of this IPO.
Thanks.
24.1. Rekha Rawat |   Link |  Bookmark |January 24, 2020 9:22:32 AM
Listing Date has not been announced officially yet. It may list on Monday, 27th Jan.
23. Small Investor |   Link |  Bookmark |January 23, 2020 12:40:59 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Gian lifecare now 18.05 from 22,same LM,But gian and HPIL Are diffrent counter ,Risky player hold only few listing gain post listing
23.1. Dinesh Singh |   Link |  Bookmark |January 23, 2020 1:59:42 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
What is listing date?
Be it on Monday 27.
23.2. Small Investor |   Link |  Bookmark |January 23, 2020 2:45:31 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
May be on 27th
22. Small Investor |   Link |  Bookmark |January 17, 2020 11:20:29 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
take risk and Apply if any one interested in this ipo
22.2. Small Investor |   Link |  Bookmark |January 17, 2020 2:31:54 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Listing gain may be Possible Now
22.3. DownriteVJ |   Link |  Bookmark |January 23, 2020 2:35:40 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
1/1
21. Small Investor |   Link |  Bookmark |January 23, 2020 12:47:48 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
In Vaxtex cotfeb
Regullary bought by some investors through Bulk Deals but stock bellow issue price @ 24
20. Sayan |   Link |  Bookmark |January 23, 2020 12:05:49 PM
2/3. Positive listing expected.
19. Dinesh Singh |   Link |  Bookmark |January 23, 2020 10:33:24 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Dear Raja and Small,
Have you got the allotment?
Please comment.
19.1. Small Investor |   Link |  Bookmark |January 23, 2020 11:49:09 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
1/1
18. Dinesh Singh |   Link |  Bookmark |January 23, 2020 9:32:08 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment started.
Amount debited for 1 lot just now.
17. Dinesh Singh |   Link |  Bookmark |January 22, 2020 6:04:19 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Allotment will be today evening.
Best of luck for who have applied.
17.1. Small Investor |   Link |  Bookmark |January 22, 2020 1:13:26 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Allotment on 23th and shares credit in DP on 24th
16. hchc |   Link |  Bookmark |January 21, 2020 6:17:04 AM
Top Contributor Top Contributor (300+ Posts, 900+ Likes)
Madhav Copper SME FPO
Opens : 27th Jan
Closes : 30th Jan
Price Band : 100-102

CMP : 126/-

LM : Pantomath
16.3. Dinesh Singh |   Link |  Bookmark |January 21, 2020 12:40:23 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
But the current lot size is 1600

Can it be changed after FPO listing

16.4. Small Investor |   Link |  Bookmark |January 21, 2020 12:58:39 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Dinesh
at that Time MCL Lot size is 1200 after Bonus
MCL 52 High 358 and low is 102
but FPO Knowloge is zero for me
15. RAJAKUMAR |   Link |  Bookmark |January 17, 2020 1:14:19 PM (1400+ Posts, 1200+ Likes)
Dear Small
Dont retire from sme stock
Wait for good sme and apply.
Three years back lot of sme stock hni quotas subscribed 100 times above. That day will come again in sme companies.
Wait for HDB ipo you will earn more.
I think you bought HDFC BANK in all your family account.
Apply max 2 lakh in shareholder quota and minimum lot in retail quota (HDB)
I applied ujjivan bank max in shareholder quota and minimum in retail quota. I got both allotment in two application 625 +400 = 1025 shares
So one can apply 2 lakh in shareholder quota and minimum in retail quota.
15.2. Paymzia |   Link |  Bookmark |January 20, 2020 3:55:08 PM
IPO Guru IPO Guru (2400+ Posts, 4500+ Likes)
@ v for vendetta
HDO IPO Take time not now.
15.3. Small Investor |   Link |  Bookmark |January 21, 2020 12:22:03 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Raja
Can FPO Is Same as a IPO ?
MCL FPO
14. BLR |   Link |  Bookmark |January 17, 2020 4:18:04 PM
Applied two lots in retail category with Different pan number.