Hindprakash Industries Ltd

About the Company:

Hindprakash Industries is engaged in the manufacturing and trading of Dyes, Auxiliaries, Intermediates and Chemicals.

Company had started manufacturing unit in the year 2008 to produce Disperse Dyes, Reactive Dyes and Textile auxiliaries for catering the needs of domestic textile

Company has achieved a steady growth in productivity and has expanded its range of products from dyes to auxiliaries to speciality chemicals.

With wide range of products, company caters to various industries viz. Dyestuff and Dye intermediates, Textiles, Construction Chemicals, Speciality Chemicals etc.

Company started its operations with an aim to become a leader & frontrunner in dyes & chemical industry by providing the best and innovative quality products.


Company’s Product Portfolio: 

Dyestuff: Company has extensive range of products. Company offers different variants of dyestuff viz. direct (substantive), disperse & reactive dyes.

These dyes have application in textile, leather and paper industries. Company manufactures dyes that are mostly used by Textile & Garment industries and are sold after customisation as per orders received from parties.

Auxiliaries: Company has a wide range of Textile auxiliaries which are designed to offer solutions for the entire textile wet processing chain – spinning/weaving, pre-treatment, dyeing, printing, laundry, finishing and coating.

Chemicals: Company offers variety of basic chemicals, including acetic acid, oleum, Vinyl Acetate Monomer, Butyl Acrylate Monomer and acetanilide.

These chemicals are used captively for production of dye intermediates and also have application in various industries such as iron and steel, explosives, organic synthetics, soaps and detergents, and pharmaceuticals.


Company’s Revenue Breakdown: (Amount Rs. in Lakhs) 


Management Team:

  1. Mr. Sanjay Prakash Mangal (Designation: Managing Director)
  2. Mr. Santosh Narayan Nambiar (Designation: Whole-Time Director)



Objectives of the Issue:

  • To Meet Working Capital Requirements.
  • General Corporate Purpose.
  • To Meet the Issue Expenses.


Financials of the Company:

(in Crores) FY 17 FY 18 FY 19 30th Sept 19
Revenue 86.11 87.47 97.99 50.63
Net Profit 2.14 2.31 2.83 1.77


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW NAV
Hindprakash Industries Ltd 10 3.76 10.64 14.53% 25.86
Camex Ltd 10 3.61 5.68 12.04% 30.55
Mahickra Chemicals Ltd 10 2.87 29.41 13.55% 20.83


IPO Details:

Details Info
Issue Opens on 15th January 2020
Issue Closes on:. 17th January 2020
Issue Price Rs.40
Face Value Rs.10
Minimum Lot 3000
Minimum Investment Rs.1,20,000
Issue Constitutes 27.63%
Issue Size Rs.11.52 cr
Market Cap Rs.41.69 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 28,80,000
Equity Shares Prior to the Issue 75,44,110
Equity Shares after the issue 1,04,21,110


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
3.76 10.64 14.53% 31.42


Company Contact Info:
Hindprakash Industries Ltd
301, Hindprakash House, Plot No.10/6,
GIDC, Vatva, Ahmedabad- 382445, Gujarat, India
Tel. No.: +91-79-6812 7000-10
Fax No.: +91-79 6812 7096
Email: info@hindprakash.com
Website: www.hindprakash.in


IPO Registrar Info:
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road,
Marol, Andheri (East), Mumbai – 400059, Maharashtra India.
Tel No: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com


Lead Manager to the Issue:
904, A Wing, 9th Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road, Mumbai-400013, India.
Tel :+91 22 4906 0000
Investor Grievance Email: redressal@hemsecurities.com
Website: www.hemsecurities.com