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Hindcon Chemicals IPO is a fixed price issue of ₹7.73 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹7.73 crore.
Hindcon Chemicals IPO bidding started from Feb 26, 2018 and ended on Feb 28, 2018. The shares got listed on NSE SME on Mar 9, 2018.
Hindcon Chemicals IPO price is ₹28.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,12,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,24,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Hindcon Chemicals IPO RHP for detailed Information.
| IPO Date | February 26, 2018 to February 28, 2018 |
| Listing Date | March 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹28 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,60,000 shares (aggregating up to ₹7.73 Cr) |
| Reserved for Market Maker | 1,44,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.4032 Cr) |
| Net Offered to Public | 26,16,000 shares (aggregating up to ₹7.32 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 74,78,125 shares |
| Share Holding Post Issue | 1,02,38,125 shares |
Hindcon Chemicals IPO offers total 27,60,000 shares. Out of which 13,08,000 (47.39%) allocated to NII, 13,08,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,44,000 (5.22%) |
| NII (HNI) Shares Offered | 13,08,000 (47.39%) |
| Retail Shares Offered | 13,08,000 (47.39%) |
| Total Shares Offered | 27,60,000 (100.00%) |
Hindcon Chemicals IPO opens on February 26, 2018, and closes on February 28, 2018.
| IPO Open Date | Mon, Feb 26, 2018 |
| IPO Close Date | Wed, Feb 28, 2018 |
| Tentative Listing Date | Fri, Mar 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 28, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,12,000 |
| Retail (Max) | 1 | 4,000 | ₹1,12,000 |
| HNI (Min) | 2 | 8,000 | ₹2,24,000 |
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 works contract basis. Company's customers includes 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.
The Company Hindcon Chemicals IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 5.38 |
| 2 | To meet General Corporate Expenses | 1.60 |
[Dilip Davda] <p>Sudden jump in bottom line on a static top line is surprising and raising concern. However, based on performance it appears a lucrative bet. Investment may be considered for long term.</p> Read detail review...
| Listing Date | March 9, 2018 |
| BSE Script Code | |
| NSE Symbol | HINDCON |
| ISIN | INE642Y01011 |
| Final Issue Price | ₹28 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹28.00 |
| Open | ₹33.60 |
| Low | ₹29.00 |
| High | ₹33.60 |
| Last Trade | ₹29.30 |
Hindcon Chemicals Ltd.
62/B,
Braunfeld Row,
1st Floor,
Kolkata, West Bengal, 700027
Phone: 033-24490835/39
Email: contactus@hindcon.com
Website: http://www.hindcon.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: hindcon.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Hindcon Chemicals IPO is a SME IPO of 27,60,000 equity shares of the face value of ₹10 aggregating up to ₹7.73 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 4000.
The IPO opens on February 26, 2018, and closes on February 28, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Hindcon Chemicals IPO using UPI as a payment gateway. Zerodha customers can apply in Hindcon Chemicals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hindcon Chemicals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hindcon Chemicals IPO opens on February 26, 2018 and closes on February 28, 2018.
Hindcon Chemicals IPO lot size is 4000, and the minimum amount required for application is ₹1,12,000.
You can apply in Hindcon Chemicals IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hindcon Chemicals IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Hindcon Chemicals IPO allotment status.
The Hindcon Chemicals IPO listing date is on Friday, March 9, 2018.
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