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HP Adhesives Limited IPO (HP Adhesives IPO) Detail

Dec 15, 2021 - Dec 17, 2021

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:

  • Growing company with established brand presence
  • Wide Product Portfolio and multiple SKUs
  • Diversified product portfolio with a diversified customer base
  • Extensive distribution network across India
  • Established presence in international markets
  • Large players as customers
  • Efficient manufacturing set-up with scope for expansion
  • Focus on quality
  • R&D set up for constant product improvement and new product development
  • Experienced management team with a committed employee base

Company Promoters:

Anjana Haresh Motwani and Karan Haresh Motwani are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

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 in Maharashtra and at the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs.

HP Adhesives IPO Details

IPO Opening Date Dec 15, 2021
IPO Closing Date Dec 17, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹262 to ₹274 per equity share
Market Lot 50 Shares
Min Order Quantity 50 Shares
Listing At BSE, NSE
Issue Size4,597,200 Eq Shares of ₹10
(aggregating up to ₹125.96 Cr)
Fresh Issue4,140,000 Eq Shares of ₹10
(aggregating up to ₹113.44 Cr)
Offer for Sale457,200 Eq Shares of ₹10
(aggregating up to ₹12.53 Cr)
QIB Shares OfferedNot less than 75% of the Net offer
Retail Shares OfferedNot more than 10% of the issue
NII (HNI) Shares OfferedNot more than 15% of the offer

HP Adhesives IPO Tentative Timetable

The HP Adhesives IPO open date is Dec 15, 2021, and the close date is Dec 17, 2021. The issue may list on Dec 27, 2021.

IPO Open Date Dec 15, 2021
IPO Close Date Dec 17, 2021
Basis of Allotment Date Dec 22, 2021
Initiation of Refunds Dec 23, 2021
Credit of Shares to Demat Account Dec 24, 2021
IPO Listing Date Dec 27, 2021

HP Adhesives IPO Lot Size

The HP Adhesives IPO market 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 (Cut-off)
Minimum 1 50 ₹13,700
Maximum 14 700 ₹191,800

HP Adhesives IPO Promoter Holding

Pre Issue Share Holding 95%
Post Issue Share Holding 71%

HP Adhesives IPO Review

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...

HP Adhesives IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB1.82
NII19.04
Retail81.24
Total20.96

HP Adhesives IPO Prospectus

HP Adhesives IPO Rating

627
3.8
Rating:Rated 3.8 stars
Vote Here ...

HP Adhesives IPO Listing Date

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 equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

HP Adhesives IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

HP Adhesives IPO FAQs

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 equity 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'HP Adhesives IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 50 Shares.

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, Edelweiss, 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.

The HP Adhesives IPO listing date is on Monday, December 27, 2021.

HP Adhesives IPO Message Board

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