Incorporated in 2008, Ahmedabad based Hindprakash Industries Limited manufactures Disperse Dyes, Reactive Dyes, Textile auxiliaries, Intermediates and Chemicals. Along with production, the company is also engaged in the trading of its products to various industries. Some of the industries are Speciality Chemicals, Construction Chemicals, Dye intermediates, Textiles and Dyestuff.
The company is located at Vatva (Gujarat) which is known for blending, formulation, and manufacturing of auxiliaries, dyes and intermediaries. Hindprakash has a manufacturing unit and a separate laboratory for operational efficiency. For business operations, the company has all the related types of machinery.
All the process starting from raw material procurement to inspection to synthesizing to drying to blending to packaging to delivery are carried out in-house by the company. HindPrakash Industries Ltd has two warehouses to store the raw material and finished goods. HindPrakash uses a 3rd party transportation facility.
Key Strengths of the Company are:
1. Quality products at reasonable prices
2. Prime location advantage
3. Long-term clients
| Purpose | Amount (₹ Cr) |
|---|---|
| To Meet Working Capital Requirements | ₹8 |
| General Corporate Purpose | ₹3 |
| To Meet the Issue Expenses | ₹1 |
| Metric | 30-Sept-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets | 4,793 | 4,814 | 3,116 |
| Revenue | 5,064 | 9,799 | 8,748 |
| PAT | 178 | 283 | 232 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,365,000 (47%) | — |
| Retail (RII) | — | 1,365,000 (47%) | — |
| Market Maker | — | 150,000 (5%) | — |
| Total | — | 2,880,000 (100%) | — |
* Amount calculated at upper price band (₹40) · ** Total includes all investor categories
- 1 Initiation of Refund 23 Jan 2020
- 2 Credit of Shares to Demat 24 Jan 2020
- Retail allocation is strong at 47% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 12x reflects a strong valuation relative to typical market ranges.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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