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HP Adhesives Limited is an adhesives and sealants company. The company manufactures 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 lubricants. These 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. Apart from the above products, the company also sells ancillary products like ball valves, thread seals, and other tapes and FRP products for drainage and architectural solutions.
As of September 30, 2021, the company has a distribution network of 4 depots situated in Delhi, Kolkata, Bengaluru, and Indore and more than 750 distributors who cater to more than 50,000 dealers in India. The company's manufacturing facility is located at Village Narangi, Raigad (Maharashtra) which is a multi-product manufacturing facility. During the FY 2020-21, the company sold its products in 21 countries.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 1,049.10 | 897.78 | 568.11 | 567.17 | |
| Total Revenue | 727.32 | 1,238.79 | 979.07 | 879.76 | |
| Profit After Tax | 31.02 | 100.59 | - 46.70 | 40.00 | |
| IPO Date | Dec 15, 2021 to Dec 17, 2021 |
| Listing Date | Monday, December 27, 2021 |
| Face Value | ₹10 per share |
| Price | ₹262 to ₹274 per share |
| Lot Size | 50 Shares |
| Issue Size | 4,597,200 shares of ₹10 (aggregating up to ₹125.96 Cr) |
| Fresh Issue | 4,140,000 shares of ₹10 (aggregating up to ₹113.44 Cr) |
| Offer for Sale | 457,200 shares of ₹10 (aggregating up to ₹12.53 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15% of the offer |
| Retail Shares Offered | Not more than 10% of the issue |
| Company Promoters | Anjana Haresh Motwani and Karan Haresh Motwani are the company promoters. |
HP Adhesives IPO opens on Dec 15, 2021, and closes on Dec 17, 2021. The HP Adhesives IPO bid date is from Dec 15, 2021 10.00 A.M. to Dec 17, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 15, 2021 |
| Closing Date | Dec 17, 2021 |
| Basis of Allotment | Dec 22, 2021 |
| Initiation of Refunds | Dec 23, 2021 |
| Credit of Shares to Demat | Dec 24, 2021 |
| Listing Date | Dec 27, 2021 |
The HP Adhesives IPO lot size is 50 shares. A retail-individual investor can apply for up to 14 lots (700 shares or ₹191,800).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹13,700 |
| Retail (Max) | 14 | 700 | ₹191,800 |
| Pre Issue Share Holding | 95% |
| Post Issue Share Holding | 71% |
Based on the financial data, the prima facie issue is fully priced. It holds promises for better performance and earnings going forward with added capacities and a strong client list. In other words, it is a mini Pidilite in the making. Cash surplus investors may consider investment for the medium to long term rewards. Listing in T group will restrict speculative moves for initial periods. Read detail review...
The HP Adhesives IPO is subscribed 20.96 times on Dec 17, 2021 5:00:00 PM. The public issue subscribed 81.24 times in the retail category, 1.82 times in the QIB category, and 19.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.82 |
| NII | 19.04 |
| Retail | 81.24 |
| Total | 20.96 |
| Listing Date | Monday, December 27, 2021 |
| BSE Script Code | 543433 |
| NSE Symbol | HPAL |
| Listing In | T Group of Securities |
| ISIN | INE0GSL01016 |
| IPO Price | ₹274 per share |
| Face Value | ₹10 per share |
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HP Adhesives Limited
11, Unique House, Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Maharashtra, India.
Phone: 022 68196300
Email: investors@hpadhesives.com
Website: https://www.hpadhesives.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
HP Adhesives IPO is a main-board IPO of 4,597,200 equity shares of the face value of ₹10 aggregating up to ₹125.96 Crores. The issue is priced at ₹262 to ₹274 per share. The minimum order quantity is 50 Shares.
The IPO opens on Dec 15, 2021, and closes on Dec 17, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HP Adhesives IPO using UPI as a payment gateway. Zerodha customers can apply in HP Adhesives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HP Adhesives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HP Adhesives IPO opens on Dec 15, 2021 and closes on Dec 17, 2021.
HP Adhesives IPO lot size is 50 Shares and the minimum order quantity is .
You can apply in HP Adhesives IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HP Adhesives IPO will be done on Dec 22, 2021, and the allotted shares will be credited to your demat account by Dec 24, 2021. Check the HP Adhesives IPO allotment status.
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