The Hindcon Chemicals date has been confirmed as February 26, 2018, and ended on February 28, 2018. Read the post to learn about Hindcon Chemicals IPO GMP.
Hindcon Chemicals Developers’ IPO is a fixed-price offering of Rs 7.73 crore. The price is ₹28 per share. The minimum lot size for an application is 4000 shares. The most minor investment for individual investors is ₹112,000.
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Key Details Of Hindcon Chemicals IPO:
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
The industrial commencement of Hindcon Chemicals is estimated at 7.73 crore Indian rupees (the IPO). The first public offer of Hindcon Chemicals share was offered for a bid, and the process started on February 26, 2018, and went on till the 28th of January, 2018. During this initial phase, the shares were listed on March 9, 2018, to NSE SME as an emerging Indian bank. Hindcon Chemicals has an IPO priced at Rs. 28 per share.
An application requires a lot size of 4000 shares. Retail investors are required to invest a minimum of 112,000. The company’s manufacturing facility is in Howrah, West Bengal, with 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
Founded in 1998, Hindcon Chemicals Limited produces chemicals primarily used in the building sector. They sell waterproofing additives, plasticisers and super plasticisers, tile adhesives, sealant products, floor topping products, epoxy grout & mortar, and cleaning compound chemicals under the brands Hind Anti Rust, Hind Block Fix, Hind Crete Plus – WPM, Hind Fix TA, and Hind Sealant. Additionally, they provide contract-based waterproofing and maintenance services. 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 | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Hindcon Chemicals Limited |
| Phone number | 033-24490835/39 |
| Email ID | [email protected] |
| Website | hindcon.com |
IPO Strengths
- 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.
Hindcon Chemicals IPO FAQs
When Hindcon Chemicals IPO will open?
The Hindcon Chemicals IPO opens on February 26, 2018 and closes on February 28, 2018.
What is the lot size of Hindcon Chemicals IPO?
Hindcon Chemicals IPO lot size is 4000 Shares, and the minimum amount required is ₹112,000.
When is Hindcon Chemicals IPO listing date?
The Hindcon Chemicals IPO listing date is on March 9, 2018.
