Fixed Price IPO | ₹12 Cr | Listed at NSE SME | Wed, Jan 15, 2020 - Fri, Jan 17, 2020
HindPrakash Industries IPO is a fixed price issue of ₹11.52 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹11.52 crore.
HindPrakash Industries IPO bidding started from Jan 15, 2020 and ended on Jan 17, 2020. The shares got listed on NSE SME on Jan 27, 2020.
HindPrakash Industries IPO price is ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to HindPrakash Industries IPO RHP for detailed Information.
IPO Open
Wed, Jan 15, 2020
IPO Close
Fri, Jan 17, 2020
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹41.70 Cr
| IPO Date | 15 to 17 Jan, 2020 |
| Listed on | Mon, Jan 27, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,80,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.6000 Cr) |
| Fresh Issue (Ex Market Maker) | 27,30,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 27,30,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 75,44,110 shares |
| Share Holding Post Issue | 1,04,24,110 shares |
| NSE Symbol | HPIL |
| ISIN | INE05X901010 |
HindPrakash Industries IPO comprises a total issue size of 28,80,000 shares. The net offer to the public is 27,30,000 shares, after excluding 1,50,000 shares allotted on a firm basis. Of the Net offer 13,65,000 (50.00%) allocated to NII 13,65,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,65,000 | 50.00% | 47.40% |
| Retail Shares Offered | 13,65,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,50,000 | 5.21% | |
| Total Shares Offered | 28,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2008, Ahmedabad based Hindprakash Industries Limited manufactures 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 industries. Some of the industries are Speciality Chemicals, Construction Chemicals, Dye intermediates, Textiles and Dyestuff.
The company is located at Vatva (Gujarat) which 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.
All the process starting from raw material procurement to inspection to synthesizing to drying to blending to packaging to delivery are carried out in-house by the company. HindPrakash Industries Ltd has two warehouses to store the raw material and finished goods. HindPrakash uses a 3rd party transportation facility.
Key Strengths of the Company are:
1. Quality products at reasonable prices
2. Prime location advantage
3. Long-term clients
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 8.22 |
| 2 | General Corporate Purpose | 2.70 |
| 3 | To Meet the Issue Expenses | 0.60 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.7 | |
| Promoter Holding | 100% | 72.37% |
| Market Cap | ₹41.70 Cr. |
The HindPrakash IPO is subscribed 2.16 times on January 17, 2020 5:00:00 PM (Day 3). The public issue subscribed 1.37 times in the retail category, [.] times in the QIB category, and 2.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.96 | 13,65,000 | 40,38,000 |
| Retail | 1.37 | 13,65,000 | 18,66,000 |
| Total | 2.16 | 27,30,000 | 59,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.24 |
| 2 | Underwriting, Selling and Marketing Fees | 0.02 |
| 3 | Processing fees payable to the Sponsor Bank | 0.01 |
| 4 | Fees payable to Registrar to the Issue | 0.01 |
| 5 | Fees payable to Legal Advisor | 0.03 |
| 6 | Fees payable to Advertising and marketing expenses | 0.02 |
| 7 | Fees payable to Regulators including stock exchange | 0.06 |
| 8 | Fees payable for Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 9 | Others (Fees payable to Auditor, brokerage*, Processing Fees for Application and Miscellaneous Expenses) | 0.19 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.70 |
| Low | ₹40.70 |
| High | ₹42.70 |
| Last Trade | ₹41.30 |
Lead Manager Reports
HindPrakash Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jan 15, 2020, and closes on Fri, Jan 17, 2020.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HindPrakash Industries IPO using UPI as a payment gateway. Zerodha customers can apply in HindPrakash Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HindPrakash Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HindPrakash Industries IPO opens on Wed, Jan 15, 2020 and closes on Fri, Jan 17, 2020.
HindPrakash Industries IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in HindPrakash Industries 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 HindPrakash Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by Fri, Jan 24, 2020. Check the HindPrakash Industries IPO allotment status.
The HindPrakash Industries IPO listing date is on Mon, Jan 27, 2020.
