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HP Adhesives IPO is a book built issue of Rs 125.96 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to Rs 113.44 crores and offer for sale of 0.05 crore shares aggregating to Rs 12.53 crores.
HP Adhesives IPO bidding started from December 15, 2021 and ended on December 17, 2021. The allotment for HP Adhesives IPO was finalized on Wednesday, December 22, 2021. The shares got listed on BSE, NSE on December 27, 2021.
HP Adhesives IPO price band is set at ₹262 to ₹274 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹13,700.
Unistone Capital Pvt Ltd is the book running lead manager of the HP Adhesives IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to HP Adhesives IPO RHP for detailed information.
| IPO Date | December 15, 2021 to December 17, 2021 |
| Listing Date | December 27, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹262 to ₹274 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 4,597,200 shares (aggregating up to ₹125.96 Cr) |
| Fresh Issue | 4,140,000 shares (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 |
HP Adhesives IPO offers 2,528,500 shares. 1,379,200 (54.55%) to QIB, 689,580 (27.27%) to NII, 459,720 (18.18%) to RII. 9,194 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,379,200 (54.55%) | NA |
| NII (HNI) Shares Offered | 689,580 (27.27%) | |
| Retail Shares Offered | 459,720 (18.18%) | 9,194 |
| Total Shares Offered | 2,528,500 (100%) |
HP Adhesives IPO opens on December 15, 2021, and closes on December 17, 2021.
| IPO Open Date | Wednesday, December 15, 2021 |
| IPO Close Date | Friday, December 17, 2021 |
| Basis of Allotment | Wednesday, December 22, 2021 |
| Initiation of Refunds | Thursday, December 23, 2021 |
| Credit of Shares to Demat | Friday, December 24, 2021 |
| Listing Date | Monday, December 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 17, 2021 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹13,700 |
| Retail (Max) | 14 | 700 | ₹191,800 |
| Lot Size Calculator | |||
Anjana Haresh Motwani and Karan Haresh Motwani are the company promoters.
| Share Holding Pre Issue | 95% |
| Share Holding Post Issue | 71% |
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 | |
[Dilip Davda] 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 December 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 | December 27, 2021 |
| BSE Script Code | 543433 |
| NSE Symbol | HPAL |
| ISIN | INE0GSL01016 |
| Final Issue Price | ₹274 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹274.00 |
| ₹319.00 |
| ₹319.00 |
| ₹334.95 |
| ₹334.95 |
| NSE |
|---|
| ₹274.00 |
| ₹315.00 |
| ₹315.00 |
| ₹330.75 |
| ₹330.75 |
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: https://ipo.bigshareonline.com/ipo_status.html
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 December 15, 2021, and closes on December 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 December 15, 2021 and closes on December 17, 2021.
HP Adhesives IPO lot size is 50 Shares, and the minimum amount required is ₹13,700.
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 Wednesday, December 22, 2021, and the allotted shares will be credited to your demat account by Friday, December 24, 2021. Check the HP Adhesives IPO allotment status.
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