Hindcon Chemicals IPO

Hindcon Chemicals IPOBusiness description - Hindcon Chemicals is engaged in manufacturing of chemicals particularly for construction industry. The company’s portfolio consists of over 100 products including Waterproofing additives for R.C.C. Structures, roof, basement, underground and overhead reservoirs, Plasticisers and Super Plasticisers used in Concrete & Mortar mixtures, Concreting Aids, Sodium Silicate, Protective and Waterproofing Coatings, Grouts & Repairing Mortar Admixtures, Shot Crete Aids, Floor Topping products and Tile adhesives.

The company also undertakes waterproofing and rehabilitation jobs on works contract basis. Its customers include Larsen & Toubro Ltd., Gammon India Ltd., BGR Energy Systems Ltd., Hindustan Construction Company Ltd., Jaiprakash Associates Ltd., Patel Engineering Ltd, SEW Infrastructure Ltd. Hindcon Chemicals’ manufacturing facility is located at Howrah, West Bengal which has an existing installed capacity of 30,000 MT per year.

Promoters of Hindcon Chemicals – Mr Sanjay Goenka and Mrs Nilima Goenka
Hindcon Chemicals IPO details
Subscription Dates 26 - 28 February 2018
IPO Price band INR28 per share
Fresh issue 2,760,000 shares (INR7.73 crore)
Offer for sale Nil
Total IPO size 2,760,000 shares (INR7.73 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirement - INR5.38 crore
  • General Corporate Expenses - INR1.60 crore
  • Issue expenses - INR0.74 crore
Hindcon Chemicals'  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 30.9 30.9 35.0 33.5 34.3 18.1
Total expenses 30.5 30.4 34.5 32.2 31.2 15.2
Profit after tax 0.3 0.3 0.3 0.8 2.1 2.1
Hindcon Chemicals' Contact Details

Hindcon Chemicals Limited
62/B, Braunfeld Row
1st Floor, Kolkata
West Bengal - 700027

Phone: +91 033 2449 0835
Email: contactus@hindcon.com
Website: www.hindcon.com

Hindcon Chemicals IPO Subscription Details
Day Subscription (no. of times)
Day 1 3.16
Day 2 15.08
Day 3 130.52
Hindcon Chemicals Valuation (Latest FY)

Earnings Per Share (EPS): INR5.46

Price/Earnings (P/E) ratio: 5.17

Return on Net Worth (RONW): 13.76%

Net Asset Value (NAV): INR176.63 per share

Registrar of Hindcon Chemicals IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: hindcon.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Hindcon Chemicals IPO Allotment Status

Hindcon Chemicals IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Hindcon Chemicals

IPO Opening Date: 26 February 2018

IPO Closing Date: 28 February 2018

Listing Date: 9 March 2018

Listing Price on NSE SME: INR33.60 per share (up 20% from IPO price)

Closing Price on NSE SME: INR29.30 per share (up 4.64% from IPO price)

Hindcon Chemicals IPO
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8 thoughts on “Hindcon Chemicals IPO

  • February 27, 2018 at 12:30 PM
    Permalink

    Apply or Avoid this Hindcon ipo ?
    GMP ??? OR
    KOSTAK RATE ???

    Reply
  • February 26, 2018 at 11:08 PM
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    Apply or avoid Hindcon ipo ?

    Reply
  • February 26, 2018 at 7:58 PM
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    i was wrong there…they have accounted for the bonus issue…only thing fishy is other income of 87 lakhs…

    Reply
  • February 22, 2018 at 6:56 PM
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    company has issued bonus shares last year…so the eps is exacly 1 and effective p/e would be around 28..

    Reply
  • February 21, 2018 at 9:35 AM
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    Guys, there is something fishy about this IPO. Why is pe ratio so low and how profits increased so much in last year???

    Reply
  • February 20, 2018 at 11:21 AM
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    i am also wondering why is the offer price is so low…

    Reply
  • February 19, 2018 at 9:39 PM
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    Fundamentals look good, I wonder why the offer is priced so low…

    Reply

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