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Issue Open Date
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26-Feb-18
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Issue Closing Date
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28-Feb-18
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Application Money
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100
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Allotment Money
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Price Band
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28
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Minimium Application No.
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4000
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Issue Size (Shares)
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2760000
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Market Lot
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1
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Objective
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The Issue includes a fresh Issue of 27,60,000 Equity Shares of our Company at an Issue Price of Rs. 28.00 per Equity Share. Weintend to utilize the proceeds of the Issue to meet the following objects:-1. To Meet Working Capital Requirement2. To meet General Corporate Expenses3. To meet Issue Expenses
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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202488000
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Qualified Institutional Buyers
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200000
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Retail Individual Investors
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200000
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Business Description:
OVERVIEWIncorporated in 1998, we are primarily engaged in manufacturing of chemicals particularly for construction industry. We offer awide range of chemical products which finds variety of applications in the construction sector. Our portfolio consists of over 100products which can be broadly classified into following categories:-2. Plasticisers and Super Plasticisers which are used in Concrete & Mortar mixtures for improving their workability.3. Concreting Aids which are admixtures/chemicals that provide special properties to concrete like Curing, Strength, ShutterRelease, Corrosion prevention etc.4. Sodium Silicate which finds its application in various commodities such as soap, cements, card board, electrodes, textiles,pharmaceuticals, building materials etc.5. Protective and Waterproofing Coatings for walls, roofs, swimming pool, water tanks etc.6. Grouts & Repairing Mortar Admixtures which are used in grouting of underground structures, bolt packets, base plates etc.7. Shot Crete Aids which are used as accelerating admixtures for dry/wet shotcreting in tunnels, galleries, swimming pool,concrete repair works etc.8. Floor Topping products which are used in making floors more concrete or anti-skid or stain resistant or chemical resistant etc.9. Sealant Products which are used for sealing of cracks in structural members, tile joints, metal joints, expanision joints holes etc.10. Tile Adhesives which are used for fixing of ceramic & mosaic tiles on wall and floor11. Epoxy Grout & Mortar which are used for pressure injection into concrete for structural repair12. Foundry Aid which consists of sodium ligno based foundry grade compound for concrete admixtures, pesticides, foundries,leather tanning, drilling fluid etc.13. Coating/Impregnation Product for exposed aggregate finish on surface14. Cleaning Compound chemicals for removing rust from steel reinforcement, cleaning of tiles, floors etc.15. Expansion and Contraction Joint System Products which consist of injection hose to prevent passage of water throughconstruction joints and joint sealant for construction joints and cold jointsWe also undertake waterproofing and rehabilitation jobs on works contract basis. In F.Y. 2016-17, our net revenue of operationscomprised of Rs. 3394.45 lakhs of which 32.14% comprises of export sales to Nepal, Bhutan and Bangladesh. Few of our esteemedcustomers includes Larsen & Toubro Ltd., Gammon India Ltd., BGR Energy Systems Ltd., Hindustan Construction Company Ltd.,Jaiprakash Associates Ltd., Patel Engineering Ltd, SEW Infrastructure Ltd. Our manufacturing facility is located at Howrah, WestBengal which has an existing installed capacity of 30,000 MT per year. The promoter of our Company, Mr. Sanjay Goenka has avast experience of over 25 years in the chemical business.We are ISO 9001: 2015 and ISO 22716 : 2007 accredited Company and we have obtained licence from Bureau of Indian Standardsto use the Standard Mark IS 9103 : 1999 for Concrete Admixture, Super Plasticiser Type – Normal, 2645 : 2003 for Integral WaterProofing Compound for Cement Mortar and Concrete and 15477: 2004 for Adhesive for use with Ceramic Tiles and Mosaics. (IS15477: 2004) on adhesives for use with ceramic tiles and mosaics. Further, our products namely, Hind Anti Rust, Hind Block Fix,Hind Crete Plus - WPM, Hind Fix TA, Hind Hydraproof Ceramic, Hind Plasto Guard and Hind Sealant PS meets the requiredstandards of GreenPro certification and qualifies as “Green Product” as certified by CII- Green Products and Services Council
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Promoter's Holding
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Total Share Capital
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6366100
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Offered to Public
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2760000
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Promoter's Holding (Pre-Issue)
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85.13
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Promoter's Holding (Post-Issue)
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62.18
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Address |
62 / B
Braunfeld Row
1st Floor
Kolkata
,
West Bengal
,
700027
Phone :
033-24490839
Email :
contactus@hindcon.com
Website :
www.hindcon.com
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Registrar |
Link Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Hem Securities Ltd.
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Promoters |
Nilima Goenka
Sanjay Goenka
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