Connect with us

Hi, what are you looking for?

Finance

Hindcon Chemicals’ Rs 7.73 crore IPO opens Monday

Chemical products manufacturer Hindcon Chemicals on Sunday s..

Chemical products manufacturer Hindcon Chemicals on Sunday said its initial public offer (IPO) will open tomorrow to raise up to Rs 7.73 crore.

The company said it will use the proceeds to meet working capital requirements, general corporate purposes and expenses.

The IPO will put to offer 27,60,000 equity shares of face value of Rs 10 each at a cash price of Rs 28 per piece. The issue closes on February 28.

"With several decades of concrete experience in the field, wide range of products and strong R&D back-up, the company is poised for strong growth and well positioned to become a leader in the segment, increase its market share and profitability," Sanjay Goenka, Managing Director and Promoter of the company said in a statement.

In 2016-17, the company's net revenue of operations was Rs 33.94 crore, of which 32.14 per cent came from exports to Nepal, Bhutan and Bangladesh.

The key product portfolio of Hindcon includes protective waterproofing coatings, sodium silicates, concrete & mortar admixtures, epoxy grouts & mortars, waterproofing compounds, shotcrete aids, remover cleaning compounds, sealants, tile adhesives, among others.

Original Article

[contf]
[contfnew]

ET Markets

[contfnewc]
[contfnewc]

Finance

In an interview with ET Now, Dabur India Director Mohit Burm..

Science

The 147th Open championship will be at Carnoustie Golf Club in Scotland. Jan Kruger/R&A Golfers ..

Tech

Enlarge Oliver Morris/Getty Images) In response to an Ars re..

Tech

Enlarge/ You wouldn't really want to use Nvidia's ..