The Hindcon Chemicals date has been confirmed from February 26, 2018 and ended on February 28, 2018.
Hindcon Chemicals Developers IPO is a fixed price issue of Rs 7.73 crores. The price is ₹28 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹112,000.
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Bidding Dates
February 26-28
Price Range
₹28 per share
Face Value
₹10 per share
GMP
₹63.95
Hindcon Chemicals IPO GMP
The Hindcon Chemicals IPO GMP is ₹63.95.
IPO Overview
Hindcon Chemicals’ initial public offering (IPO) has a set price of Rs 7.73 crores. Bidding for Hindcon Chemicals’ initial public offering (IPO) began on February 26, 2018 and finished on February 28, 2018. On March 9, 2018, the shares were listed on the NSE SME. The IPO price for Hindcon Chemicals is 28 per share.
A lot size of 4000 shares is required for an application. Retail investors are obliged to make a minimum investment of 112,000. The company’s manufacturing facility is in Howrah, West Bengal, and it has an installed capacity of 30,000 MT per year.
Hindcon Chemicals IPO Details
| IPO Date | February 26, 2018 to February 28, 2018 |
| Listing Date | March 9, 2018 |
| Face Value | ₹10 per share |
| Price | ₹28 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,760,000 shares (aggregating up to ₹7.73 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Hindcon Chemicals IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹112,000 |
| Retail (Max) | 1 | 4000 | ₹112,000 |
Hindcon Chemicals IPO Listing Details
| Listing Date | March 9, 2018 |
| BSE Script Code | |
| NSE Symbol | HINDCON |
| ISIN | INE642Y01011 |
| Final Issue Price | ₹28 per share |
Company Profile
Hindcon Chemicals Limited, founded in 1998, manufactures chemicals, mostly for the construction industry. Under the 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 offer Waterproofing additives, Plasticisers and Super Plasticisers, Tile Adhesives, Sealant Products, Floor Topping products, Epoxy Grout & Mortar, and Cleaning Compound chemicals, among others. They also offer waterproofing and repair services on a contract basis. Larsen &
Toubro Ltd., Gammon India Ltd., BGR Energy Systems Ltd., Hindustan Construction Company Ltd., Jaiprakash Associates Ltd., Patel Engineering Ltd., and SEW Infrastructure Ltd. are among the company’s customers.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | hindcon.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Hindcon Chemicals Limited |
| Phone number | 033-24490835/39 |
| Email ID | contactus@hindcon.com |
| Website | hindcon.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.