Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Mon, Feb 26, 2018 - Wed, Feb 28, 2018
Hindcon Chemicals IPO is a fixed price issue of ₹7.73 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹7.73 crore.
Hindcon Chemicals IPO bidding started from Feb 26, 2018 and ended on Feb 28, 2018. The shares got listed on NSE SME on Mar 9, 2018.
Hindcon Chemicals IPO price is ₹28 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Hindcon Chemicals IPO RHP for detailed Information.
IPO Open
Mon, Feb 26, 2018
IPO Close
Wed, Feb 28, 2018
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹28.67 Cr
| IPO Date | 26 to 28 Feb, 2018 |
| Listed on | Fri, Mar 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,60,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.4032 Cr) |
| Fresh Issue (Ex Market Maker) | 26,16,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 26,16,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 74,78,125 shares |
| Share Holding Post Issue | 1,02,38,125 shares |
| / NSE Symbol | / HINDCON |
| ISIN | INE642Y01029 |
Hindcon Chemicals IPO comprises a total issue size of 27,60,000 shares. The net offer to the public is 26,16,000 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,08,000 (50.00%) allocated to NII 13,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,08,000 | 50.00% | 47.39% |
| Retail Shares Offered | 13,08,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.22% | |
| Total Shares Offered | 27,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
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.
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arvee Laboratories (India) Ltd. | SME | ₹8.91 Cr | ₹61 | null | ₹62.50 | +2.46% | ₹162.56 (-1.81%) |
| Vadivarhe Speciality Chemicals Ltd. | SME | ₹14.46 Cr | ₹42 | null | ₹50.40 | +20.00% | ₹30.30 (+0.33%) |
| Yug Decor Ltd. | SME | ₹2.88 Cr | ₹26 | null | ₹26.10 | +0.38% | ₹26.70 (+3.09%) |
| Chemcrux Enterprises Ltd. | SME | ₹2.40 Cr | ₹18 | null | ₹21.60 | +20.00% | ₹88.75 (+0.42%) |
| Sanginita Chemicals Ltd. | SME | ₹10.05 Cr | ₹22 | null | ₹22.90 | +4.09% | ₹44.08 (+1.99%) |
| Galaxy Surfactants Ltd. | Mainboard | ₹937.09 Cr | ₹1480 | null | ₹1,700.45 | +14.90% | ₹1,966.60 (+0.45%) |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.38 |
| 2 | To meet General Corporate Expenses | 1.60 |
The Hindcon Chemicals IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 136.65 | 26,16,000 | 35,74,64,000 | 39,893 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, advertising and marketing fees, payment to other intermediaries such as Legal Advisors etc | 0.69 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Regulatory fees and Registrar fees | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹29.00 |
| High | ₹33.60 |
| Last Trade | ₹29.30 |
Lead Manager Reports
Hindcon Chemicals IPO is a SME IPO of 27,60,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Feb 26, 2018, and closes on Wed, Feb 28, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Hindcon Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Hindcon Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hindcon Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hindcon Chemicals IPO opens on Mon, Feb 26, 2018 and closes on Wed, Feb 28, 2018.
Hindcon Chemicals IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Hindcon Chemicals IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Mar 9, 2018.
