HindPrakash Industries IPO is all about to make its debut on 15 January 2020, with an issue size of 11.52CR. Hindprakash Industries Limited, a company situated in Ahmedabad, produces 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 sectors. Some of the industries are Speciality Chemicals, Construction Chemicals, Dye intermediates, Textiles, and Dyestuff.
The company is located in Vatva (Gujarat) and 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.
INDUSTRY OVERVIEW
One of the industrial industry’s fastest expanding segments is the estimated $2.4 trillion global chemicals market. Notwithstanding the difficulties of rising crude oil prices and strict international environmental protection regulations that are now accepted globally, industry growth exceeds that of the manufacturing sector. The two largest chemical subsectors, accounting for roughly 26% and 35% of the total industry size, respectively, are pharmaceuticals and petrochemicals.
HindPrakash IPO Details
| IPO Date | Jan 15, 2020 to Jan 17, 2020 |
| Listing Date | Monday, January 27, 2020 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,880,000 shares of ₹10(aggregating up to ₹11.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 11.7 |
| Market Cap (₹ Cr.) | 41.7 |
HindPrakash IPO Listing Date
| Listing Date | Monday, January 27, 2020 |
| BSE Script Code | |
| NSE Symbol | HPIL |
| Listing In | ST Group of Securities |
| ISIN | INE05X901010 |
| IPO Price | ₹40 per share |
| Face Value | ₹10 per share |
Company Financials
| 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 |
Objects of the Issue
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 Prospectus
Company Contact Information
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://www.bigshareonline.com/
HindPrakash IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
