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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 ₹40.00 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). The minimum lot size investment for 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 Date | January 15, 2020 to January 17, 2020 |
| Listing Date | January 27, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,80,000 shares (aggregating up to ₹11.52 Cr) |
| Reserved for Market Maker | 1,50,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.6000 Cr) |
| Net Offered to Public | 27,30,000 shares (aggregating up to ₹10.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 75,44,110 shares |
| Share Holding Post Issue | 1,04,24,110 shares |
HindPrakash IPO offers total 28,80,000 shares. Out of which 13,65,000 (47.40%) allocated to NII, 13,65,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,50,000 (5.21%) |
| NII (HNI) Shares Offered | 13,65,000 (47.40%) |
| Retail Shares Offered | 13,65,000 (47.40%) |
| Total Shares Offered | 28,80,000 (100.00%) |
HindPrakash Industries IPO opens on January 15, 2020, and closes on January 17, 2020.
| IPO Open Date | Wed, Jan 15, 2020 |
| IPO Close Date | Fri, Jan 17, 2020 |
| Initiation of Refunds | Thu, Jan 23, 2020 |
| Credit of Shares to Demat | Fri, Jan 24, 2020 |
| Tentative Listing Date | Mon, Jan 27, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 17, 2020 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 30-Sept-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 4,793.36 | 4,813.53 | 3,116.38 | 3,467.16 | |
| Total Revenue | 5063.80 | 9,799.48 | 8,747.58 | 8,611.78 | |
| Profit After Tax | 177.81 | 283.42 | 231.91 | 214.26 | |
The market capitalization of HindPrakash Industries IPO is ₹41.70 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.7 |
The Company HindPrakash Industries 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 Requirements | 8.22 |
| 2 | General Corporate Purpose | 2.70 |
| 3 | To Meet the Issue Expenses | 0.60 |
[Dilip Davda] The company is in auxiliary chemical business used by Textile, Dyestuff and Dyes intermediates, Construction chemicals etc. This segment is fragmented with many organized/unorganized players raising cut-throat competition. The sudden boost in top line for pre-IPO and IPO year raises concern. As issue appears fully priced, cash surplus - risk savvy investors may consider investment at their own risk. Read detail review...
| Listing Date | January 27, 2020 |
| BSE Script Code | |
| NSE Symbol | HPIL |
| ISIN | INE05X901010 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹40.70 |
| Low | ₹40.70 |
| High | ₹42.70 |
| Last Trade | ₹41.30 |
HindPrakash Industries Ltd.
301, Hindprakash House,
Plot No.10/6,
GIDC, Vatva,
Ahmedabad, Gujarat, 382445
Phone: +91-79-6812 7000-10
Email: info@hindprakash.com
Website: http://www.hindprakash.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
HindPrakash Industries IPO is a SME IPO of 28,80,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on January 15, 2020, and closes on January 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 January 15, 2020 and closes on January 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 Friday, January 24, 2020. Check the HindPrakash Industries IPO allotment status.
The HindPrakash Industries IPO listing date is on Monday, January 27, 2020.
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