HP Adhesives Limited IPO Message Board (Page 8)

BIG BREAKING
HP Adhesives Limited file RHP with SEBI on 3-Dec-2021

Issue Date : 15 to 17-Dec, 2021
Fresh : 41,40,000 Shares
OFS : 4,57,200 Shares
Retail : 10%
FV : Rs 10

IPO Open : December 15, 2021
IPO Close : December 17, 2021
Basis of Allotment : December 22, 2021
Initiation of Refunds: December 23, 2021
Credit of Shares : December 24, 2021
IPO Listing Date : December 27, 2021

HP Adhesives '' T '' group IPO (< 250 Cr. )

Therefore average issue price would be below 540/- Rs.

Converting 7.75 EPS into P/E = 70

Peer group company Pidilite''s P/E = 85

Retail - 10%

RateGain GMP 85-90
ARW GMP 15-20

HP Adhesive peer is "Pidilite Industries Limited"

Thanks!