Hindprakash Industries IPO Dates, Bid, Size, Allotment, Subscription, GMP, Listing, Price

Let’s have a detailed review of the company and analytics of the Hindprakash Industries IPO release date, IPO offer price, subscription, Hindprakash IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things.

Stock Broker Complaints


Hindprakash Industries IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.1/10
Company Background7.3/10
Company Reputation7.2/10
Competitive Edge6.7/10
Financial Statements6.1/10
Popularity Index7.4/10
Promoters Reputation6.7/10
Retail Appetite7.1/10
Top Brokers Review6.9/10
Overall Ratings7.0/10
Star Ratings★★★★☆

Summary of Hindprakash Industries IPO

Hindprakash Industries ipo

Their Company is located at Vatva i.e. in the heart of Gujarat Industrial Development Corporation, an Industrial Estate for manufacturing, blending and formulation of dyes, auxiliaries & intermediaries. The Estate has common effluent treatment plant of which most of the units in the estate are members apart from having their own environmental treatment facilities.

With their wide range of products, they cater to various industries viz. Dyestuff and Dye intermediates, Textiles, Construction Chemicals, Speciality Chemicals etc.

The Promoters of this company are Hindprakash Industries and Communication Limited IPO is MR. SANJAY PRAKASH MANGAL, MR. OM PRAKASH MANGAL AND MR. SANTOSH NARAYAN NAMBIAR. The lead managers to the issue are Hem Securities Limited and the Registrar to this issue is Bigshare Services Private Limited.


Open Free* Demat A/C Now! Fill the details below

    Fill Your Details Here
    1. Open Demat Account


    Hindprakash IPO Date

    The opening and the closing date of the Hindprakash Industries IPO are JANUARY 15, 2020 and JANUARY 17, 2020.


    Hindprakash IPO Subscription

    Day / DateNIIRIITotal Subscription
    1st Day – Jan 150.13x0.06x0.09x
    2nd Day – Jan 161.54x0.35x0.94x
    3rd Day – Jan 172.96x1.36x2.16x
    Shares Offered or Net Issue1,365,0001,365,0002,730,000

    The shares subscribed by the public will be updated here.


    Hindprakash Industries IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

    Basis of Allotment FinalizationNA
    Refunds InitiationNA
    Credit of Shares to Demat AccountNA
    Share Listing DateNA

    Hindprakash Industries IPO Price Band or Cash Price

    The decided Cash Price for this PO is Rs. 40, including a share premium of Rs. 30 per equity share.


    Hindprakash Industries IPO Issue Size

    The Public Issue of 28,80,000 Equity shares of face value of Rs. 10/- each at issue price of Rs. 40 per Equity share including share premium of Rs. 30 per Equity share aggregating to Rs. 1152 Lakhs.


    Hindprakash Industries IPO Equity Share Offering

    The reserved portion of 1,50,000 Equity Shares of face value of Rs. 10 each at an issue price of Rs. 40 each aggregating to Rs. 60 Lakhs subscribed by Market Maker in this issue.

    Market Lot Size & Minimum Order Quantity: 3000 equity share


    Hindprakash Industries Limited – Company Overview

    Their Company was originally incorporated as a Partnership Firm in 1998 through its Partners, viz., Devendra Sayani and Chetankumar Timbadia and subsequently converted the Partnership Firm into a Public Limited Company and commenced the business from February 18, 2019.

    Hindprakash Industries Business Model

    Their Company is engaged in the manufacturing and trading of Dyes, Auxiliaries, Intermediates and Chemicals. They started their manufacturing unit in the year 2008 to produce Disperse Dyes, Reactive Dyes and Textile auxiliaries for catering the needs of domestic textile industry.

    With their wide range of products, they cater to various industries viz. Dyestuff and Dye intermediates, Textiles, Construction Chemicals, Speciality Chemicals etc.

    Hindprakash Industries Business Process

    Their Company started its operations with an aim to become a leader & frontrunner in dyes & chemical industry by providing the best and innovative quality products.

    Keeping quality and precision as the benchmark for any operation, Hindprakash hails to become one of the sought after dyes & chemical manufacturing company offering good products at reasonable price. Quality and Advancement are the mainstay of their Company which has brought them this far in this industry.

    Business strategies of Hindprakash Industries

    • Focus on high value business
    • Grow their market share in existing geographies and expand operations to new geographies
    • Improving integration base for speciality chemicals

    Hindprakash Industries – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary of Hindprakash Industries IPO

    On the basis of Standalone statement:-

    Amount (in INR & lakhs)
    30-Sept-1931-Mar-1931-Mar-1831-Mar-17
    Total Assets4,793.364813.523,116.373,467.16
    Total Revenue5063.809799.488747.578611.78
    Total Expense4737.009,255.278,258.518,145.14
    Profit After Tax177.81283.42231.91214.26

    Earnings per Equity Share (in lakhs)

    30-Sept-1931-Mar-1931-Mar-1831-Mar-17
    Basic & Diluted2.36283.42231.91214.26

    From the above statements, one could find that Hindprakash Industries may perform well.

    hindprakash ipo finance


    Hindprakash Industries IPO – Promoters

    The Promoter of this company is:

    • MR. SANJAY PRAKASH MANGAL
    • MR. OM PRAKASH MANGAL
    • MR. SANTOSH NARAYAN NAMBIAR

    List of Related Parties (Key Managerial Personnel)

    • Mr. Utsav Himanshu Trivedi
    • Mr. Hetal Kishorbhai Shah

    Interest in promotion of the Company

    Except Mr. Sanjay Prakash Mangal and Mr. Santosh Narayan Nambiar, who are the Promoters of their Company, none of their other Directors have any interest in the promotion of their Company other than in ordinary course of business.

    Except as disclosed above, no amount or benefit has been paid or given within the two (2) preceding years or is intended to be paid or given to any of their Directors except the normal remuneration for services rendered as Directors

    Property Interest

    Except as disclosed in this Draft Prospectus, their Promoters, Directors and Group Company have no interest, whether direct or indirect, in any property acquired by their Company within the preceding three years from the date of this Draft Prospectus or proposed to be acquired by it as on the date of this Draft Prospectus, or in any transaction by their Company for acquisition of land, construction of building or supply of machinery.


    Hindprakash Industries IPO Offer Details or Issue Details

    Particulars No. Of Equity Shares
    Issue of Equity Shares by their Company28,80,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 40 per share aggregating to Rs. 1152 Lakhs
     Of which:
    Market Maker Reservation Portion1,50,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 40 per share aggregating to Rs. 60 Lakhs.
    Net Issue to the Public27,30,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. 40 per share aggregating to Rs. 1092 Lakhs.
     Of which:
    (A) Retail Portion13,65,000 Equity Shares, for cash at a price of Rs. 40 per share, shall be available for allocation for allotment to Retail Individual Investors of up to Rs. 2.00 Lakhs
    (B) Non – Institutional Portion13,65,000 Equity Shares, for cash at a price of Rs. 40 per share, shall be available for allocation for Investors other than Retail Individual Investors.
    Pre-and Post-Issue Equity Shares
    Equity Shares outstanding prior to the Issue75,44,110 Equity Shares of face value of Rs. 10 each
    Equity Shares outstanding after the IssueUpto 1,04,24,110 Equity Shares of face value of Rs. 10 each

    Hindprakash Industries IPO Issue Object

    These are the IPO Issue Objects of the company

    • To Meet Working Capital Requirements
    • General Corporate Purpose; and
    • To Meet the Issue Expenses.

    Hindprakash Industries IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Focus on Quality & Innovation
    • Experienced Promoters and Management
    • Technical Assistance to Customers
    •  Locational Advantage
    •  Established Relationship with Clients

    The relevant quantitative factors are:

    On the basis of standalone statement:-

    Basic & Diluted EPSRONW NAV (Rs.)
    31-Mar-172.8414.90%
    31-Mar-183.0713.90%
    31-Mar-193.7614.53%25.86
    • Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
    ParticularsP/E ratio
    Highest19.47
    Average6.53
    Lowest13.00
    • Competitive Peers: 
    CompaniesEPSPE RatioRONW (%)NAV (Per Share)Face Value
    Hindprakash Industries Limited3.76[●]14.5325.8610.00
    Camex Ltd3.686.5312.0430.5510.00
    Mahickra Chemicals Limited2.8219.4713.5520.8310.00
    Shree Pushkar Chemicals & Fertilisers Limited13.327.3814.3692.5710.00

    Hindprakash Industries IPO Lead Managers

    Lead Managers
    HEM SECURITIES LIMITED
    904, A Wing, 9th Floor, Naman Midtown,
    Senapati Bapat Marg, Elphinstone Road, Mumbai-400013, India.
    Tel :+91 22 4906 0000
    Email: ib@hemsecurities.com
    Investor Grievance Email: redressal@hemsecurities.com
    Website: www.hemsecurities.com
    Contact Person: Anil Bhargava
    SEBI registration number: INM000010981

    Hindprakash Industries IPO Registrar to offer

    Registrar to the Offer
    BIGSHARE SERVICES PRIVATE LIMITED
    1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road,
    Marol, Andheri (East), Mumbai – 400059, Maharashtra India.
    Tel No: +91-22-6263 8200
    Email: ipo@bigshareonline.com
    Investor Grievance Email: investor@bigshareonline.com
    Website: www.bigshareonline.com
    Contact Person: Swapnil Kate
    SEBI Registration Number: INR000001385

    Hindprakash Industries IPO Other Details:

    • Statutory Auditor – KEDIA & KEDIA ASSOCIATES, CHARTERED ACCOUNTANTS
    • Peer Review Auditor – Kedia & Kedia  Associates

    Hindprakash Industries IPO Grey Market Premium

    The Hindprakash Industries IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Open Free* Demat A/C Now! Fill the details below

      Fill Your Details Here
      1. Open Demat Account

      Hindprakash Industries IPO News

      News 1 – Download DRHP Prospectus

      News 2 – RHP Prospectus Download


      Market Guide

      What is IPO?
      IPO Investment
      Upcoming IPOs
       IPO Valuation

      Featured Topics

      Best Discount Broker in India
      Top 10 Sub Broker Partner in India
      Best Stock Broker in India
      Sub Broker Franchise
      Best Demat Account
      Brokerage Calculator
      Best Full Service Broker in India
      Broking Franchisee
       Best Intraday Trading Brokers in India

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      Get 90% Discount on Brokerage Now! Open Demat Account
      ×

      Share your details & Become Sub Broker Now!

        1. Become Sub Broker

        Offer valid for limited time.

        ×

        Share your details & Open Demat A/C Now!

          1. Open Demat Account

          Offer valid for limited time.

          ×

          Share your details & Get IPO Allotment Now!

            1. Invest in IPO

            Offer valid for limited time.

            ×

            Share your details & Invest in PMS Now!

              1. Invest in PMS / AIF / PCG

              Offer valid for limited time.