Hindcon Chemicals Ltd was established in 1998, 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.
As per financial's, company's top line remain similar in last 5 years and there is sudden jump in bottom line for FY17 and H1 of FY18 which is very surprising, RoNW is 13.76% for last three fiscals and issue looks reasonably priced as per latest earnings. Company is engaged in manufacturing of chemicals particularly for construction industry and there is good potential for growth. So, we give "Apply" rating to this SME IPO.
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.
As per financial's, company's top line remain similar in last 5 years and there is sudden jump in bottom line for FY17 and H1 of FY18 which is very surprising, RoNW is 13.76% for last three fiscals and issue looks reasonably priced as per latest earnings. Company is engaged in manufacturing of chemicals particularly for construction industry and there is good potential for growth. So, we give "Apply" rating to this SME IPO.
Hindcon Chemicals Ltd IPO Details
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| Issue Open | 26-02-2018 |
| Issue Close | 28-02-2018 |
| Allotment Date | 07-03-2018 |
| Unblocked Amount | 08-03-2018 |
| Listing Date | 09-03-2018 |
| Issue Share | 27,60,000 Total Equity Share 1,44,000 Share Reserved by Market Maker |
| Issue Size | ₹ 7.73 Cr Total |
| IPO Price Band | ₹ 28 |
| Minimum Investment Amount [Rs] | ₹ 1,12,000 |
| Minimum Share Bid | 4000 |
| Face Value | ₹ 10 |
| Retail Allocation | 50% |
| Listing On | NSE SME |
| Premium [Per Share] | NA |
| Average Earning Per Share | NA |
| Expected Listing Gain | ₹ 22000 |
Hindcon Chemicals Ltd IPO Financial details [in Rs, Cr]
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| Financial Year | Total Revenue | Total Expenses | Profit After Tax |
| FY-2013 | 30.87 | 30.46 | 0.28 |
| FY-2014 | 30.92 | 30.42 | 0.35 |
| FY-2015 | 34.96 | 34.46 | 0.34 |
| FY-2016 | 33.45 | 32.15 | 0.86 |
| FY-2017 | 34.25 | 31.18 | 2.06 |
| H1-FY-2018 | 18.13 | 15.18 | 2.19 |
Hindcon Chemicals Ltd IPO Subscription Details
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| As on Date | QIB/NII | RII | Total |
| Shared Offred | 13,08,000 | 13,08,000 | 26,16,000 |
| Day-1 [26-02-2018] | 32,68,000 [2.50] | 44,96,000 [3.43] | 77,64,000 [2.97] |
| Day-2 [27-02-2018] | 52,92,000 [4.05] | 3,63,20,000 [27.77] | 4,16,12,000 [15.91] |
| Day-3 [28-02-2018] | 20,26,88,000 [154.97] | 16,24,32,000 [124.18] | 36,51,20,000 [139.57] |
Hindcon Chemicals Ltd IPO Valuation Details
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| Earnings Per Share [EPS] | ₹ 5.46 |
| Price/Earnings [P/E] Ratio | 5.17 |
| Return on Net Worth [RoNW] | 13.76 % |
| Net Asset Value [NAV] | ₹ 176.63 Per Share |
Hindcon Chemicals Ltd IPO Contact Details
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Hindcon Chemicals Limited
62/B, Braunfeld Row 1st Floor, Kolkata West Bengal - 700027 Phone: +91 033 2449 0835 Email: contactus@hindcon.com Website: www.hindcon.com |
Registrar of Hindcon Chemicals Ltd IPO
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LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083 India Tel: 022-49186200; Fax: 022-49186195 Email: srpl.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance Id: srpl.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Lead Managers of Hindcon Chemicals Ltd IPO
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HEM SECURITIES LIMITED
904, A Wing,9th Floor Naman Midtown, Senapati Bapat Marg Elphinstone Road Mumbai 400 013, India. Telephone: +91 22 4906 0000 Facsimile: +91 22 2262 5991 Email: ib@hemsecurities.com Contact Person: Mr. Anil Bhargava Website: www.hemsecurities.com SEBI registration number: INM000010981 CIN: U67120RJ1995PLC010390 |
Hindcon Chemicals Ltd IPO Grey Market Premium
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Hindcon Chemicals Ltd IPO Allotment Status
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Download Hindcon Chemicals Ltd IPO DRHP & ASBA e-Forms
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Hindcon Chemicals Ltd IPO Recommendations
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