HP Adhesives IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
Also Read: HP Adhesives IPO opens today; 10 Key points to note before subscribing to the public issue
- About HP Adhesives
- Important Details – HP Adhesives
- Objects of the Issue
- HP Adhesives Limited Financials:
- HP Adhesives IPO Price – Details
- IPO DRHP & RHP
- IPO Lot Size
- Lead Managers
- IPO Registrar
- HP Adhesives Limited IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- HP Adhesives IPO – FAQS
About HP Adhesives
HP Adhesives is the fast-growing multi-product, multi-category consumer adhesives and sealants company. For the largest product category – PVC solvent cement, HP Adhesives is one of the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry.
HP Adhesives manufacture a wide range of consumer adhesives and sealants such as PVC, cPVC and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants and PVC pipe lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through network of distributors and direct customers.
The company also manufacture these products for select large PVC pipe manufacturing companies under co-branding or private label on order basis. Apart from the above products, the company also sell ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions that are distributed along with the products to the endcustomers through the distribution network.
The aforesaid adhesives and sealant products have applications in multiple industries such as plumbing and sanitary, drainage and water distribution, general purpose building/ construction and interior operations as well as for glazing operations, woodwork, footwear, automotive, foam-furnishing and other varied industries
Important Details – HP Adhesives
| Date | Details |
|---|---|
| January 01, 1987 | The company was originally formed as a partnership firm under the name and style of “M/s. H.P. International” |
| May 07, 2019 | The company has been converted into a private limited company “HP Adhesives Private Limited” |
| June 23, 2021 | The company has been converted into a public limited company and the name of the company changed to “HP Adhesives Limited” |
Objects of the Issue
- Funding the working capital requirements of the company.
- Funding capital expenditure for expansion of production capacity at the existing manufacturing facility at Village Narangi, Raigad, Maharashtra and at the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs. (built-up) area on the adjacent plot
HP Adhesives Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakhs) | ||
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 8,977.89 | 5,681.12 | 5,671.74 |
| Total income | 12,387.96 | 9,790.75 | 8,797.64 |
| Total Expenses | 10,619.29 | 9,098.80 | 7,927.55 |
| Profit After Tax | 1,005.96 | (467.05) | 400.07 |
HP Adhesives IPO Price – Details
| Description | HPAL IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 45,97,200 equity shares of ₹ 10 (aggregating up to ₹ 125.96 Crore) comprising a fresh issue of upto 41,40,000 equity shares of ₹ 10 (aggregating upto ₹ 113.44 Crore) and offer for sale upto 4,57,200 equity shares of ₹ 10 (aggregating up to ₹ 12.53 Crore) |
| Issue Open Date | 15-Dec-21 |
| Issue Close Date | 17-Dec-21 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 262 – ₹ 274 |
| Face Value | ₹ 10 |
| Market Lot | 50 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 50 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | HPAL |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
IPO DRHP & RHP
IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 50 | ₹ 13,700 |
| Maximum | 14 | 700 | ₹ 1,91,800 |
HP Adhesives Limited IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 15-Dec-21 |
| Bid / Offer Closes on | 17-Dec-21 |
| Finalisation of Basis of Allotment | 22-Dec-21 |
| Initiation of refunds | 23-Dec-21 |
| Credit of the Equity Shares | 24-Dec-21 |
| Listing Date | 27-Dec-21 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Revenue from operations (₹ in Cr) | NAV, as on March 31, 2021 (₹ per share) |
| HP Adhesives Limited | 10 | 7.74 | 118.16 | 9.74 |
| Pidilite Industries Limited | 10 | 22.24 | 7,293.00 | 114.78 |
Company Registered Office
11, Unique House,
Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Maharashtra, India
Website: www.hpadhesives.com
Company Promoters
- Anjana Haresh Motwani
- Karan Haresh Motwani
HP Adhesives IPO – FAQS
What is the HP Adhesives IPO Price?
The HP Adhesives IPO price band is ₹ 262 – ₹ 274 per share
When HP Adhesives Limited IPO will open?
The IPO opens on Dec 15, 2021 and closes on Dec 17, 2021
What is the lot size of HP Adhesives Limited IPO?
The HP Adhesives Limited IPO lot size is 50 Equity Shares and the minimum order quantity is 50 Equity Shares
Who is the Registrar for HP Adhesives Limited IPO?
The Registrar for HP Adhesives Limited IPO is Bigshare Services Private Limited
How to apply in HP Adhesives Limited IPO through UPI?
Check the step by step process here – Click here
How to apply in HP Adhesives Limited IPO through Zerodha?
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