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HP Adhesives IPO Details

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HP Adhesives IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Allotment Status

Also Read: HP Adhesives IPO opens today; 10 Key points to note before subscribing to the public issue

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.

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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

DateDetails
January 01, 1987The company was originally formed as a partnership firm under the name and style of “M/s. H.P. International”
May 07, 2019The company has been converted into a private limited company “HP Adhesives Private Limited”
June 23, 2021The 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 IssueInitial 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  Date15-Dec-21
Issue Close Date17-Dec-21
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolHPAL
IPO Market Timings 10.00 a.m. to 5.00 p.m.

IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum150₹ 13,700
Maximum14700₹ 1,91,800

Lead Managers

  • Unistone Capital Private Limited

IPO Registrar

HP Adhesives Limited IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on15-Dec-21
Bid / Offer Closes on17-Dec-21
Finalisation of Basis of Allotment22-Dec-21
Initiation of refunds 23-Dec-21
Credit of the Equity Shares24-Dec-21
Listing Date27-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Revenue from
operations
(₹ in Cr)
NAV, as on March 31, 2021
(₹ per share)
HP Adhesives Limited107.74118.169.74
Pidilite Industries Limited1022.247,293.00114.78

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?

Check the step by step process here – Click here

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