Hindprakash Industries was incorporated on November 11, 2008. The company is engaged in the manufacturing and trading of dyes, auxiliaries, intermediates, and chemicals.
| Bidding Dates |
|---|
| 15 Jan 2020 - 17 Jan 2020 |
| Subscription |
|---|
| 2.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 3000 | 2.9 M | ₹40 | 72.37 % | ₹115.2 M | RHP DOC |
Hindprakash Industries IPO SUBSCRIPTION STATUS
17 Jan '20Hindprakash Industries IPO overall subscription rate was 2.16 times the total available shares
Hindprakash Industries IPO retail subscription rate was 1.37 times in the retail segment
Hindprakash Industries IPO non-institutional investor subscription rate was 2.96 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
15 Jan 2020 (Day 1) | 0.06x | 0.13x | - |
16 Jan 2020 (Day 2) | 0.35x | 1.54x | - |
17 Jan 2020 (Day 3) | 1.37x | 2.96x | - |
Hindprakash Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 6MFY20 | 17.8 | 501.1 | 41.1 | 34.5 |
| FY19 | 28.3 | 966.6 | -5.9 | -86.9 |
| FY18 | 23.2 | 873.3 | 6.7 | 5.2 |
| FY17 | 21.4 | 861.1 | -4.3 | -6.7 |
Hindprakash Industries IPO SUBSCRIPTION STATUS DETAILS
Hindprakash Industries had 2.9 M shares on offer
Hindprakash Industries IPO offer price was ₹40
Hindprakash Industries IPO minimum Investment was ₹120000
Hindprakash Industries IPO issue size was ₹ 115.2 M
Hindprakash Industries had a minimum lot size of 3000 Shares per application
Hindprakash Industries NUMBER OF SHARES ON OFFER
Hindprakash Industries IPO IMPORTANT DATES
| Issue Open Date | 15 Jan 2020 |
| Issue close Date | 17 Jan 2020 |
| Allotment Date | 22 Jan 2020 |
| Refund Date | 23 Jan 2020 |
| Demat Account Credit Date | 24 Jan 2020 |
| Listing Date | 27 Jan 2020 |
| Listing on Exchange(s) | NSE |
| Hindprakash Industries Allotment Status | Exchange |
Hindprakash Industries IPO subscription opened on 15 Jan 2020, and closed on 17 Jan 2020
IPO allotment for Hindprakash Industries was finalized on Wednesday, 22 Jan 2020
IPO listing for Hindprakash Industries was on NSE on Monday, 27 Jan 2020
Hindprakash Industries IPO LISTING GAINS
| Issue Price (adjusted) | 40.0 |
| Listing Open Price | 40.7 |
| Listing Close Price | 41.3 |
| Listing Gain% | 1.8% |
| Current Gain% | 223.6% |
Hindprakash Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hindprakash Industries Ltd. | 129.4 | 134.9 | 53.8 | 0.8 | 1.3 | 5 | 3 | 121.7 | 16.4 | 2.7 | 67 | 2.4 | 67 |
| Sudarshan Chemical Industries Ltd. | 1139.6 | 9072.1 | 406.8 | -6.8 | 0.9 | 0.6 | 0.2 | 9866.4 | 192 | 22.3 | -60 | 2.8 | -60 |
| Kiri Industries Ltd. | 427.9 | 2788.5 | 0.5 | 0 | 3.3 | 86.5 | 79.1 | 1015.7 | 18.8 | 5566.5 | 2002.7 | 854.2 | 2120.1 |
| Shree Pushkar Chemicals & Fertilisers Ltd. | 407.1 | 1316.5 | 18.8 | 1 | 1.3 | 11.5 | 7.2 | 990.2 | 21.2 | 70.1 | 19.6 | 21.7 | 19.6 |
| Ultramarine & Pigments Ltd. | 410 | 1197.2 | 13 | 0.8 | 1.4 | 9.3 | 7.4 | 786.4 | 11.2 | 80.8 | 7.6 | 31.6 | 17.2 |
| Sudarshan Colorants India Ltd. | 421 | 971.9 | 20.3 | -0.8 | 1.2 | 7.8 | 5.5 | 807.5 | -4.3 | 44.5 | -13.4 | 20.7 | -24.6 |
Hindprakash Industries INFORMATION ON IPO ISSUE
About Hindprakash Industries
Hindprakash Industries was incorporated on November 11, 2008. The company is engaged in the manufacturing and trading of dyes, auxiliaries, intermediates, and chemicals.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet the issue expenses
Hindprakash Industries - PROMOTERS
| Name |
|---|
| Sanjay Prakash Mangal |
| Om Prakash Mangal |
| Santosh Narayan Nambiar |
Hindprakash Industries Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Hindprakash Industries Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Hindprakash Industries Strengths
Focus on quality and innovation
The company does not compromise on qualities and provides the best qualities of material
Experienced promoters and management
The company has a team compeers of a young and dynamic team of experienced, educated personnel and technocrats who are eager to deliver results within time frames
Locational Advantage
Being a chemical industry hub, Gujarat provides access to raw materials, the concentration of domestic customers, and the ability to export products due to its proximity to ports
Hindprakash Industries Risks
Heavily regulated sector
Operates in a heavily regulated sector and operations are subject to environmental, health, and safety regulations that could expose the company to liability, or increase the cost of operations
Dependent on single business
Majority of revenue is dependent on a single business segment i.e. manufacturing of Dyes
IPO FAQs
The promoters of the company are Sanjay Prakash Mangal, Om Prakash Mangal and Santosh Narayan Nambiar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 40.0 - 40.0.
The IPO application opens on Jan 15, 2020 and closes on Jan 17, 2020.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jan 22, 2020.
The refund will be credited to your account on Jan 23, 2020.
The allotted shares will be credited to your demat on Jan 24, 2020.
Hindprakash Industries Ltd.’s shares listed on the stock exchanges on Jan 27, 2020.