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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.

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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.


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Hindprakash Industries IPO Date

The opening and the closing date of the Hindprakash Industries IPO are not known yet.


Hindprakash Industries IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Hindprakash Industries IPO Allotment Status

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

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Hindprakash Industries IPO Price Band or Cash Price

Rs. [•] per Equity Share


Hindprakash Industries IPO Issue Size

Rs. [•] per Equity Share


Hindprakash Industries IPO Equity Share Offering

The Issue size comprises issuance of up to 28,80,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.


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)
31-Mar-1931-Mar-1831-Mar-17
Total Assets4813.523,116.373,467.16
Total Revenue9799.488747.578611.78
Total Expense9,255.278,258.518,145.14
Profit After Tax283.42231.91214.26

Earnings per Equity Share (in lakhs)

31-Mar-1931-Mar-1831-Mar-17
Basic & Diluted283.42231.91214.26

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


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 CompanyUpto 28,80,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per share aggregating to Rs. [●] Lakhs
 Of which:
Market Maker Reservation PortionUpto 1,52,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per share aggregating to Rs. [●] Lakhs.
Net Issue to the PublicUpto 27,28,000 Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per share aggregating to Rs. [●] Lakhs.
 Of which:
(A) Retail Portion[●] Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per share (including a premium of Rs. [●] per share) shall be available for allocation for allotment to Retail Individual Investors of up to Rs. 2.00 Lakhs
(B) Non – Institutional Portion[●] Equity Shares of face value of Rs. 10/- each for cash at a price of Rs. [●] per share (including a premium of Rs. [●] 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:
Investor Grievance Email:
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:
Investor Grievance Email:
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
  • Bankers to the Company – [●]

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. 


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Hindprakash Industries IPO News

News 1 – Download DRHP Prospectus


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