Hindustan Flex Limited IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Aug 31, 2023Hindustan Flex Limited specialized in the manufacturing of high quality liquid printing inks for flexible packaging and metal containers for packing of liquid or powder-based materials, with a commitment to offer products & solutions optimally placed on Price Value Matrix. Their products and services are designed to provide reliable cost effective solutions to industrial applications. The prime objectives are quality, consistency and customer satisfaction. They ensure that all packaging needs are fulfilled with maximum ease and flexibility. Hindustan Flex Limited IPO comprises of [] Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Hindustan Flex Limited IPO release date, IPO offer price, subscription, Hindustan Flex Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Hindustan Flex Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Hindustan Flex Limited IPO
Hindustan Flex Limited specialized in the manufacturing of high quality liquid printing inks for flexible packaging and metal containers for packing of liquid or powder-based materials, with a commitment to offer products & solutions optimally placed on Price Value Matrix. Their products and services are designed to provide reliable cost effective solutions to industrial applications. The prime objectives are quality, consistency and customer satisfaction. They ensure that all packaging needs are fulfilled with maximum ease and flexibility. The Issue comprises of a Public Issue of [] Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations has increased at a growth rate of 32.88% respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 2048.62 Lakhs, Rs.1564.12 Lakhs and Rs. 1177.41 Lakhs, respectively representing growth of 32.88% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2017, FY 2016-17 and FY 2015-16 our net profit was Rs. 146.64 Lakhs, Rs. 7.16 Lakhs and Rs.7.67 Lakhs, respectively, representing a loss of 6.64 % from the FY 2015-16 to FY 2016-17.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 13.14 Lakhs as against Rs. 2.14 Lakhs for the financial year 2016-17, representing increase by 514.01% due to increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit after tax for the year 2016-17 is Rs. 105.95 Lakhs from the year 2015-16 of Rs. 3.39 Lakhs showing remarkable performance.
The Promoter of this company is Mr Alok Kumar Mishra. The lead manager to the issue is Mark Corporate Advisors Private Limited and the Registrar to this issue is Bigshare Services Private Limited .
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Hindustan Flex Limited IPO Date
The opening and the closing date of Hindustan Flex Limited IPO is not known yet.
Hindustan Flex Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
| Day 3 | ||||
| Day 4 | ||||
| Day 5 | ||||
| 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.
Hindustan Flex Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Hindustan Flex Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Hindustan Flex Limited IPO Equity Share Offering
[]Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
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Hindustan Flex Limited – Company Overview
Hindustan Flex Limited specialized in the manufacturing of high quality liquid printing inks for flexible packaging and metal containers for packing of liquid or powder-based materials, with a commitment to offer products & solutions optimally placed on Price Value Matrix. Their products and services are designed to provide reliable cost effective solutions to industrial applications. The prime objectives are quality, consistency and customer satisfaction. They ensure that all packaging needs are fulfilled with maximum ease and flexibility. HFL combines Chemistry & Technology, ensures Quality & Consistency & assures pre & post Technical Support for establishing a longevity in business relationships with customers at affordable prices – thereby creating a robust “value chain” and a win-win situation for all the stake holders.
Thus, with its high-value (quality and price competitive) products and intelligent solutions, HFL intends to carve out the important and long-lasting place for itself in the Indian and International markets.
The Company is promoted by Chetan Sanghvi and Bhaumik Sanghvi and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Hindustan Flex Limited :
- Technical Competence
- Long Operational Track Record
- Well established Manufacturing facility
Business strategies of Hindustan Flex Limited :
- Further widening of customer base
- Reduction of operational costs and achieving efficiency
- To build-up a professional organization
- Focus on cordial relationship with Suppliers, Customer and employees
- Optimal Utilization of Resources
Hindustan Flex Limited – 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:
| Amount (in INR & Lakhs) | |||||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 1709.10 | 1391.43 | 846.84 | 82.46 | 87.91 |
| Total Revenue | 2061.76 | 1566.26 | 1181.41 | 30.75 | 23.44 |
| Total Expense | 1915.12 | 1559.10 | 1173.60 | 29.60 | 22.87 |
| Profit After Tax | 105.95 | 3.39 | 4.98 | 0.80 | 0.57 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 3.74 | 0.12 | 0.66 |
From the above statements, one could find that the Hindustan Flex Limited may perform well.
Hindustan Flex Limited IPO – Promoters
The Promoter of this company are:
- Mr Alok Kumar Mishra
List of Related Parties (Key Managerial Personnel)
- Alok Kumar Mishra
- Nisha Mishra
- Manju Shukla
- Avinash Kumar Mishra
- Sushma Shukla
- Shwetank Agarwal
- Shyam Kumar Srivastava
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Hindustan Flex Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs. per Equity Share aggregating Rs.1330.00 Lakhs |
| Of which: | |
| Reserved for Market Makers | [] Equity Shares of face value of Rs.10 each fully paid of the Company for cash at price of Rs.[] per Equity Share aggregating Rs.[] Lakhs |
| Net Issue to the Public | [] Equity Shares of face value of Rs.10 each at a price of Rs.[] per Equity Share to the Public aggregating Rs. [∙] Lakhs |
| Of which: | |
| Retail Investors Portion | []Equity Shares of face value of Rs.10 each at a price of Rs.[] per Equity Share to the Retail Portion |
| Non-Retail Investors Portion | [] Equity Shares of face value of Rs.10 each at a price of Rs.[] per Equity Share to the Non-Retail Portion |
| Equity Shares outstanding prior to the Issue | [] Equity Shares |
| Equity Shares outstanding after the Issue | [] Equity Shares |
Hindustan Flex Limited IPO Issue Object
These are the IPO Issue Objects of the company
- To meet working capital Requirement
- General Corporate Purposes
- To meet the Issue Expenses
Hindustan Flex Limited 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:
- To grow the business of the container division
- To compete with the existing market players.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 0.66 | 4.78 | – |
| 31-Mar-17 | 0.12 | 0.85 | – |
| 31-Mar-18 | 3.74 | 20.98 | 17.84 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | 27.20 |
| Highest | 128.10 |
| Lowest | 670 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| DIC India Ltd (Dec-2017) | 10 | (13.48) | (40.96) | -4.28% | 315.68 |
Hindustan Flex Limited IPO Lead Managers
| Lead Managers |
| Mark Corporate Advisors Private Limited CIN: U67190MH2008PTC181996 404/1, The Summit Business Bay, Sant Janabai Road (Service Lane), Off W. E. Highway, Vile Parle (East), Mumbai-400 057. Contact Person: Mr. Manish Gaur Tel. No.: +91 22 2612 3207/08 E-Mail ID: smeipo@markcorporateadvisors.com SEBI Regn No.: INM000012128 Investor Grievance Email: investorgrievance@markcorporateadvisors.com |
Hindustan Flex Limited 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- 400 059 Contact Person: Mr.Srinivas Dornala Tel No.: +91 22 62638200 Fax .:+91 022 62638299 E-Mail ID: ipo@bigshareonline.com SEBI Regn No.: INR000001385 |
Other Details:
- Statutory Auditor – M/s Shashi Dinesh & Co. ,Chartered Accountant, Kanpur
- Peer Review Auditor – M/s Shashi Dinesh & Co. ,Chartered Accountant, Kanpur
- Bankers to the Company – State Bank Of India Kanpur ,Co-operative Industrial Estate, Dada Nagar
Hindustan Flex Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Hindustan Flex Limited IPO Grey Market Premium
The Hindustan Flex Limited 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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Hindustan Flex Limited IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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