Hindcon Chemicals Limited IPO

Add to Calendar 2018-02-26 12:00 AM 2018-02-28 12:00 AM Asia/Kolkata Hindcon Chemicals Limited IPO Hindcon Chemicals Limited India

Hindcon Chemicals Limited which was formerly known as Hind Silicates Pvt limited is India’s leading chemical manufacturer in construction domain. It derives major revenues from sale of sodium silicates. Company’s manufacturing facility is located at Howrah West Bengal with an installed capacity of 30,000MT per year.

Date of establishment: Hindcon Chemicals Limited was established in 2000.

Product & Service Offering:Their portfolios consist of 100 of products that includes waterproofing additives  for rcc cement, super plasticiser and plasticiser, concrete aids, sodium silicates for soap manufacture, protective and waterproof coatings , grouts and Repairing Mortar admixtures , short crete aids, floor topping products, sealant products and epoxy Grout and Mortar etc.

Promoters of Hindcon Chemicals ltd.:Mr. Sanjay Goenka and Mrs. Nilima Goenka are the promoters of Hindcon Chemicals Limited.

Customer segment: Hindcon Chemicals customers include some of the big clients like L&T,JP Associates, , Hindustan construction,Patel engineering, Gammon India, Ramky Infrastucture,Punj Llyod, Ashoka buildcon.

Objects of the Issue:The objects of the Offer is to:-

-      To finance its working capital requirement
-      To finance general corpus funds
-      To finance issue expenses

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Issue Detail

  • Issue Open: Feb 26, 2018
  • Issue Close: Feb 28, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 28 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 7.73 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 0 1,380,000 1,380,000 - - 2,760,000
Day 1 - Feb 26, 2018IST 0 3,304,000 5,228,000 - - 8,732,000
Day 2 - Feb 27, 2018IST 0 5,064,000 30,436,000 - - 35,500,000
Day 3 - Feb 28, 2018IST 200,000 202,488,000 157,496,000 - - 360,184,000

Listing Day Trading Information

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