Hindcon Chemicals IPO: GMP, Price, Dates, Issue Size 

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Hindcon Chemicals IPO is set to make its debut on 26th Feb18 with 7.73 cr is engaged in manufacturing of chemicals particularly for construction industry

Hindcon Chemicals IPO – overview 

IPO Dates  26-28 Feb 18 
IPO Price  INR 28 per share  
Fresh issue  – 
Offer For Sale  Nil 
Total IPO size  2,760,000 shares (INR 7.73 crore) 
Minimum bid (lot size)  4000 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 

Company Overview    

 
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 a work contract basis. Company’s customers include 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 

1. To Meet Working Capital Requirement 
2. To meet General Corporate Expenses 
3. To meet Issue Expenses 

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 Lead Manager(s) 

  1. Hem Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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