HindPrakash IPO

HindPrakash Industries Ltd SME IPO

HindPrakash Industries limited is incorporated on November 11, 2008 having its registered office in Ahmedabad, Gujarat.

Business Overview

The company is engaged in manufacturing and trading of Dyes, Auxiliaries and chemicals since 2008. The company is located in industrial area of Gujarat “Vatva” which is famous for manufacturing, blending and formulation of dyes & chemicals and well connected with national highway and Ring Road. The company is cautious about achieving operational efficiency and has achieved a good position in chemical industry in a short span. Approx – 80% of their revenue is from Manufacturing activities and balance from Trading.

They have separate in house Lab within their manufacturing facility for Quality assurance before despatching the material and also for Imported and local Raw material inspection before synthesizing.

As on July 31, 2019 they have 45 no. of employees (Including Labour).

Strengths

  • Quality and Innovation at competitive prices
  • Business Location Advantage
  • Long rewarding relations with clients

Promoters

Mr. Sanjay Prakash Mangal, Mr. Santosh Narayan Nambiar and Mr. Om Prakash Mangal are the promoters of the company.

Objects of the Issue

  • To meet Working Capital Requirements
  • General Corporate Purpose
  • To meet Issue Expenses

Financials of Company

Rs. ‘In Lakh’
2019 2018 2017
Revenue 9799.48 8747.57 8611.78
Expenses 9255.27 8258.51 8145.14
PAT 283.42 231.91 214.26
Profit Growth 22% 8%
IPO Detail
Issue Open  15 Jan’20 – 17 Jan’20 
Issue Type  Fixed Price Issue 
Issue No. of Share  2880000 Equity Share of Rs. 10 
Issue Size  Rs. 11.52 Cr 
Issue Value  Rs. 40 per Share 
Market Lot  3000 Shares 
Minimum order Qty  3000 Shares 
Bidding Lot Amt  (3000 X 40) = Rs. 120,000/- 
Listing Platform  NSE SME 

Registered Office & Contact Details

HindPrakash Industries Ltd, 301, Hindprakash House, Plot No. 10/6, GIDC, Vatva, Ahmedabad – Gujrat

Phone : 079-67127000/10; Email ID : info@hindprakash.com; Website : http://www.hindprakash.in/

Prospectus

Draft Prospectus_HindPrakash

Red Herring Prospectus_HindPrakash

Registrar of IPO Lead Manager of IPO
BIGSHARE SERVICES PVT LTD

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri(E), Mumbai – 400059

Phone : 022-6238200; Website:www.bigshareonline.com; Email ID:ipo@bigshareonline.com

Hem Securities Limited

 

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Tosik Bhatt
January 13, 2020 12:57 pm

Vaxtex ipo listed today on nse emerge, positive listing.

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