Hindcon Chemicals IPO-upcoming IPO in 2018 in India

Hindcon Chemicals IPO-upcoming IPO in 2018 in India

In the list of upcoming IPO in 2018 in India Hindcon Chemicals Limited is planning to launch IPO (Initial Public Offering). The tentative size of the upcoming IPO i.e. Hindcon Chemicals IPO is Rs 7.73 crore. Hindcon Chemicals IPO might open on 26 Feb, 2018 and close on 28 Feb, 2018. Issue price of Hindcon Chemicals IPO is Rs 28 per equity share.

  • Hindcon Chemicals Limited engaged in manufacturing of chemicals particularly for construction industry.
  • Issue type is fixed price with face value of Rs 10per equity share.

Hindcon Chemicals IPO-upcoming IPO in 2018 in India:

  1. Objective of the Hindcon Chemicals IPO:

There are there objective of the IPO.

  • To Meet Working Capital Requirement
  • To meet General Corporate Expenses
  • To meet Issue Expenses
  1. Issue details of Hindcon Chemicals IPO:

  • Issue Open: Feb 26, 2018
  • Issue close: Feb 28, 2018
  • Issue Type: Fixed Price Issue IPO
  • Issue Size:2,760,000 Equity Shares of Rs 10 aggregating up to Rs 7.73 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 28 Per Equity Share
  • Market Lot: 4000 Shares
  • Minimum Order Quantity: 4000 Shares
  • Listing At: NSE SME
  1. Consolidated Finance summary of Hindcon Chemicals IPO:

Hindcon Chemicals’  financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenue30.930.935.033.534.318.1
Total expenses30.530.434.532.231.215.2
Profit after tax0.30.30.30.82.12.1
  1. Requirement of Fund:

Sr.No.ParticularAmount(Rs in Lac)
1To Meet Working Capital Requirement538.16
2To meet General Corporate Expenses160.00
3To meet Issue Expenses74.64
Net Issue Proceeds698.16
  1. Hindcon Chemicals IPO Prospectus:

Red Herring Prospectus

  1. Company details:

  • Hindcon Chemicals Limited engaged in manufacturing of chemicals particularly for construction industry.
  • The company was established as Private limited on 25 August, 1998 under the Provision of companies Act, 1956.At the time of incorporation the name of the company was Hind Silicates Private Limited.
  • Later on the company was converted into Public Limited on 13 June, 2012. As a result the name of the company was also changed to “Hindcon Chemicals Limited”.
  • 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 include 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.
  • Hindcon Chemicals Limited is Kolkata, West Bengal based.
  1. Corporate Identification Number (CIN):

U24117WB1998PLC087800

  1. Strengths of the company:

  • Wide range of products
  • Certifications and compliance with Quality Standards
  • Experienced management team and a motivated & efficient work force
  • Strong & long-term relationship with our clients
  1. BUSINESS STRATEGIES of the company:

  • Improving operational efficiency and product quality
  • Focus on consistently meeting quality standards
  • To build-up a professional organization
  • Develop cordial relationship with our Suppliers, Customer and employees
  1. Registered address of the company:

62/B, Braunfeld Row, 1st Floor, Kolkata,

West Bengal, India- 700027

  1. Official website of the company:

www.hindcon.com

  1. Lead manager to the Issue:

HEM SECURITIES LIMITED

  1. Registrar to the Hindcon Chemicals IPO:

LINK INTIME INDIA PRIVATE LIMITED

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