
Materials / Basic Materials Sector · NSE
Hindprakash Industries Limited, incorporated in 2008 and based in Ahmedabad, is engaged in manufacturing and trading products such as disperse dyes, reactive dyes, textile auxiliaries, intermediates, and chemicals for industries including specialty chemicals, construction chemicals, textiles, dye intermediates, and dyestuff. The company operates a manufacturing facility in Vatva, Gujarat, supported by a dedicated laboratory and equipped with the required machinery to manage its operations efficiently. It handles the entire production process in-house, covering raw material procurement, inspection, synthesis, drying, blending, packaging, and delivery, and maintains two warehouses for storing raw materials and finished goods, while using third-party transport services for logistics.
Price Band
₹40
Issue Size
₹11.52 Cr
Lot Size
3000 shares
GMP
Est. Listing
₹40
at current GMP
Subscribed
—
Open
15 Jan 2020
Close
17 Jan 2020
Allotment
23 Jan 2020
Refund
24 Jan 2020
Demat Credit
25 Jan 2020
Listing
27 Jan 2020
Designated Registrar: Bigshare Services Private Limited
Allotment Date
23 Jan 2020
Basis finalization
Refunds Initiate
24 Jan 2020
Mandate release
Demat Credit
25 Jan 2020
Shares in demat
Listing Debut
27 Jan 2020
Trading begins
HindPrakash Industries Limited is bringing an initial public offering (IPO) in the Materials / Basic Materials Sector sector with an aggregate issue size of ₹11.52 Crores. The shares are offered at a price band of ₹40 to ₹40 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,20,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-01-25, while un-allotted funds or UPI block mandates will be released on 2020-01-24.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.