In the list of upcoming IPO 2020, Hind Prakash Industries Ltd is planning to raise a fund of Rs 11.52 cr through HindPrakash IPO.HindPrakash Industries Ltd, was incorporated in the year 2008 and is based in Ahmedabad. The company is a renowned name in India which is now a diversified business conglomerate manufacturing, importing and exporting dyestuffs and other dye intermediaries.
It manufactures Reactive Dyes,
Disperse Dyes, Intermediaries and Chemicals, Textile auxiliaries. The company
has achieved growth in its productivity and also has expanded its range of
products from just dyes to specialty chemicals.
Some of the other industries
held by the group are Construction Chemicals, Specialty Chemicals, Textiles and
Dyestuffs, and Dye Intermediates.
HindPrakash has three different
manufacturing units located at Vatva (Gujarat), not only for manufacturing, but
also for blending and formulation of textile dyes, textile auxiliaries, and
intermediates. The manufacturing units have all the related machinery.
All the supply chain management
from the procurement of raw materials, to manufacturing, to delivery is carried
out in-house by the company.
quality products at a reasonable price.
the advantage of being at a prime location
In this article we will
highlight the following information about the company:
of the issue
Company Financials: Below is the glimpse of the financials of the company
Promoters: Mr. Sanjay Prakash Mangal, Mr. Om Prakash
Mangal, and Mr. Santosh Narayan Nambiar are the promoters of the company.
Objects of the Issue:
The company intends to utilize the Issue Proceeds towards the following objects:
To meet the working capital requirements
General corporate purpose
To meet the issue expenses
IPO Details: Below is all the important details related to the IPO.
Issue Open Date
Jan 15, 2020- Jan 17,
Fixed Price Issue IPO
Shares of Rs.10 (aggregating up to Rs.11.52 Cr)