HindPrakash Industries IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 15/01 - 17/01
Issue Size ₹11.52 Cr
Issue Price ₹40
Market Lot 3000 Shares
Shares on Offer 2,880,000
Kostak N/A
Subject to Sauda N/A
Listing Date N/A
Listing Price N/A
Listing Gain% N/A

About HindPrakash Industries Ltd

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.

With a humble beginning Hindprakash is determined to reach & sustain a position of leadership. It will be a force to reckon with for setting trends with the values & principles of the group.

With emphasis on safety, harmony with confidenc, innovation & continuours improvement. Hindprakash will provide a fair oppoatunity to each one to beat their best, for growth through transparency, trust and honesty.



Issue Details

HindPrakash IPO is a SME initial public offering of 2,880,000 equity shares of the face value of ₹10 aggregating up to ₹11.52 Crores.

The issue price of the IPO is ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Fixed Price Issue.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The issue opens on Jan 15, 2020 and closes for subscription on Jan 17, 2020. The equity shares of the company to be list at NSE SME.The price for the issue has been set at Rs 40 Per Equity Share.


The group business was started by late Shri Tejmalji Mangal at Beawar, in the province of Rajasthan, west part of India. The main activities were trading and distribution of Paper and Chemicals in 1942.

Big expansions were carried out by forward integration i.e entering into manufacturing of exercise note books and allied products, in continuation of paper and chemical trading & distribution business in 1951.

A new branch office was opened in the major city of Rajasthan named Ajmer. It was headed by a Shri Om Prakash Mangal in 1962.

Again a new branch officer was opened in the capital city of Rajasthan, named Jaipur. This was looking to the flourishing demand and need of the business in 1975.

Group opened its new office at Ahmedabad, in the province of Gujarat, which is called the Manchester of textile industry in India in 1984.

Group Started venturing out for manufacturing of dye Intermediates, as an locational advantage of Ahmedabad. This was the point from where group also stated timing more and more professionals in its working and ownership in 1987.

Group started its first dye intermediates manufacturing plant, mainly producing Naphtelen and benezone derivatives 1991.

Group again carried out expansion in the field of manufacturing dyestuff at forward integration, in addition to manufacturing of dye intermediates in 1997.

Group stopped manufacturing of major dye intermediates and in turn started more focus on manufacturing of dyes and converting itself as a buying and selling house in 2001.

Group made major investments in the field of logistics to support its manufacturing and trading and distribution activities. These expansion included building of own warehouse, etc. in 2005

Finally, on June 01, 2008, group shifted to a single point location at Vatva, Ahmedabad, i.e shifting its corporate head-quarters, labs, warehousing etc from different locations. Group also signed this year, a technied agreement with "LONSEN" Group China, to start manufacturing of different auxiliaries in India.

The company started manufacturing and marketing of Reactive Dyes under the brand name HINDACIVE IN 2011

Hindprakash enters into an agreement with France based SNF Group for distribution of its range of thickners and water treatment chemicals in 2012.

The group further expands and increases its infrastructure facility by acquiring ans SEZ unit in Kandla (KASEZ) to facilitate its international trade in 2014.

Hindprakash expanded its horizon by venturing into agri - commodities with export of Rice and Pulses to several countries with addition of other products in 2016.

HINDPRAKASH enters in its 75th year of business existence and incorporates a wholly owned subsidiary in UAE to support its global business. Hindprakash continues to expand, innovate and strive to add values to its products and services in 2017.

Company developed the new identity in the name of HINDPRAKAS LONSEN INDUSTRIES PVT. LTD. To HINDPRAKASH INDUSRIES LTD. in 2018.

Company Financials

Particulars 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets (In ₹ Millions) 4,813.53 3,116.38 3,467.16
Total Revenue (In ₹ Millions) 9,799.48 8,747.58 8,611.78
Profit After Tax (PAT) (In ₹ Millions) 283.42 231.91 214.26

HindPrakash Industries Ltd IPO Reviews

  • Rating: 
  • Recommendation:

Subscription Details

Date & Time QIB NII RII Total
Day 1 - 15 Jan 2020 0.13 0.06 0.09
Day 2 - 16 Jan 2020 1.54 0.35 0.94
Day 3 - 17 Jan 2020 2.96 1.37 2.16

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

HindPrakash Industries Ltd IPO FAQs

  1. When will HindPrakash Industries Ltd IPO open?

    HindPrakash Industries Ltd IPO will open on 15/01 and close on 17/01.

  2. What is the listing date of HindPrakash Industries Ltd IPO?

    HindPrakash Industries Ltd IPO will list on .

  3. What is the offer price of HindPrakash Industries Ltd IPO?

    The offer price of HindPrakash Industries Ltd IPO is ₹40.

  4. What is the lot size of HindPrakash Industries Ltd IPO?

    The lot size of HindPrakash Industries Ltd IPO is 3000.

  5. What is the Grey Market Premium (GMP) price of HindPrakash Industries Ltd IPO?

    The Grey Market Premium (GMP) price of HindPrakash Industries Ltd IPO is Not Available at the moment.

  6. What is the Kostak price of HindPrakash Industries Ltd IPO?

    The Kostak price of HindPrakash Industries Ltd IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for HindPrakash Industries Ltd IPO?

    The Subject to Sauda price for HindPrakash Industries Ltd IPO is Not Available at the moment.

HindPrakash Industries Ltd IPO Review/Comments

Please Leave Your Message