Business 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: [email protected]
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: [email protected]
Website:Â 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)
Fundamentals look good, I wonder why the offer is priced so low…
i am also wondering why is the offer price is so low…
Guys, there is something fishy about this IPO. Why is pe ratio so low and how profits increased so much in last year???
company has issued bonus shares last year…so the eps is exacly 1 and effective p/e would be around 28..
i was wrong there…they have accounted for the bonus issue…only thing fishy is other income of 87 lakhs…
Apply or avoid Hindcon ipo ?
Apply or Avoid this Hindcon ipo ?
GMP ??? OR
KOSTAK RATE ???
u will get best gain