Hindcon Chemicals Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Feb 2018

Close Date

28 Feb 2018

Allotment

06 Mar 2018

Listing Date

09 Mar 2018

Exchange

NSE SME

Price Band

₹28

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹28

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

27,60,000 shares (aggregating up to ₹7.73 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹112,000

1 lot

Pre-IPO Holding

74,78,125 shares

Promoters

Post-IPO Holding

1,02,38,125 shares

Promoters

UPI Deadline

2018-02-28

Mandate

Anchor AllotmentSun, 25 Feb 2018

Basis of AllotmentTue, 06 Mar 2018

Refund InitiationWed, 07 Mar 2018

Demat CreditWed, 07 Mar 2018

Listing DayFri, 09 Mar 2018

UPI Mandate Deadline2018-02-28

Sale TypeFresh Capital

Net Offer to Public26,16,000 shares (aggregating up to ₹7.32 Cr)

Market Maker Quota1,44,000 shares (aggregating up to ₹0.4032 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Hindcon Chemicals Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Feb 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	144,000	—	₹0.40
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,760,000	100%	₹7.73

IPO Shares Offered

Hindcon Chemicals Ltd. IPO total issue size: ₹7.73 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	144,000	₹0.40	5.22%
Total	2,760,000	₹7.73	100.00%

* Based on upper price band ₹28 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹28.00

Upper Band

Min Investment

₹112,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹224,000
Retail (Max — 13 Lots)	13	52,000	₹1,456,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,568,000
B-HNI (Min — 68 Lots)	68	272,000	₹7,616,000

* Issue Price ₹28 × Lot Size 4,000 shares

IPO Schedule

Anchor

25 Feb 2018

✓ Done

IPO Open

26 Feb 2018

✓ Done

IPO Close

28 Feb 2018

✓ Done

Allotment

06 Mar 2018

✓ Done

Refunds

07 Mar 2018

✓ Done

Demat Credit

07 Mar 2018

✓ Done

Listing Day

09 Mar 2018

✓ Done

₹28.00

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Issue ₹28.00 Live Price

About Hindcon Chemicals Ltd.

Incorporated in 1998, Hindcon Chemicals Limited is engaged in manufacturing of chemicals particularly for construction industry. They offer Waterproofing additives, Plasticisers and Super Plasticisers, Tile Adhesives, Sealant Products, Floor Topping products, Epoxy Grout & Mortar and Cleaning Compound chemicals etc under 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 also provide waterproofing and rehabilitation jobs on works contract basis. Company's customers includes Larsen & Toubro Ltd., Gammon India Ltd., BGR Energy Systems Ltd., Hindustan Construction Company Ltd., Jaiprakash Associates Ltd., Patel Engineering Ltd, SEW Infrastructure Ltd. Company's manufacturing facility is located at Howrah, West Bengal which has an existing installed capacity of 30,000 MT per year.

Objects of the Issue

1 To Meet Working Capital Requirement

2 To meet General Corporate Expenses

Hindcon Chemicals Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered27,60,000 (100.00%)

Net Offer to Public26,16,000 shares (aggregating up to ₹7.32 Cr)

Reserved for Market Maker1,44,000 shares (aggregating up to ₹0.4032 Cr)

Pre-Issue Promoter Holding74,78,125 shares

Post-Issue Promoter Holding1,02,38,125 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

hindcon.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Hem Securities Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Hindcon Chemicals Ltd. IPO subscribed? ▲

Hindcon Chemicals Ltd. IPO is subscribed 1.00 times by Feb 28, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Hindcon Chemicals Ltd. IPO retail subscription status? ▼

The Hindcon Chemicals Ltd. IPO retail category is subscribed 1.00 times as of 28 Feb 2018. The retail portion is oversubscribed.

How to subscribe Hindcon Chemicals Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Feb 2018 and closes 28 Feb 2018. Min investment: ₹112,000 (1 lot = 4,000 shares). UPI mandate: 2018-02-28.

How many times Hindcon Chemicals Ltd. IPO subscribed? ▼

The Hindcon Chemicals Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Hindcon Chemicals Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Mar 2018. Refunds: on 07 Mar 2018.

When Hindcon Chemicals Ltd. IPO will be listed? ▼

The Hindcon Chemicals Ltd. IPO listing date is 09 Mar 2018, Friday. Listed on: NSE SME. Issue price: ₹28. Estimated listing: ₹28. GMP: NIL.

When Hindcon Chemicals Ltd. IPO close? ▼

The Hindcon Chemicals Ltd. IPO closes on 28 Feb 2018, Wednesday. UPI mandate: 2018-02-28. Allotment: 06 Mar 2018. Listing: 09 Mar 2018.

Quick Actions

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Live Price LIVE

Last Price₹28.00

Change—

Issue Price₹28.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹28

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹112,000

GMPNIL

Est. Listing₹28

Subscribed1.00x

Open Date26 Feb 2018

Close Date28 Feb 2018

Allotment06 Mar 2018

Listing Date09 Mar 2018

ExchangeNSE SME

UPI Deadline2018-02-28