HindPrakash Industries Ltd IPO
(i) The Company is engaged in the manufacturing and trading of Dyes, Auxiliaries, Intermediates, and Chemicals.
(ii) They started their manufacturing unit in the year 2008 to produce Disperse Dyes, Reactive Dyes and Textile auxiliaries for catering to the needs of the domestic textile industry. The Company has achieved steady growth in productivity and has expanded its range of products from dyes to auxiliaries to specialty chemicals.
(iii) The Company is located at Vatva i.e. in the heart of Gujarat Industrial Development Corporation, an Industrial Estate for manufacturing, blending and formulation of dyes, auxiliaries & intermediaries. The Estate has a common effluent treatment plant of which most of the units in the estate are members apart from having their own environmental treatment facilities.
The Textile sector in India is going through a tough time due to increased competition from Bangladesh and unfavorable conditions for business. So ancillary companies like Dye making will also face problems.
Objects of the HindPrakash Industries Ltd IPO:
HindPrakash Industries Ltd IPO Details:
|Open Date:||Jan 15 2020|
|Close Date:||Jan 17 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||fixed type|
|Issue Size:||11.52 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 40 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Jan 27 2020|
Promoters And Management:
Financials of HindPrakash Industries Ltd IPO: