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IPO Status: Listed [15th Dec 2021 to 17th Dec 2021]
HP Adhesives IPO of 45,97,200 shares is coming soon to list on the BSE and NSE. The IPO opens for subscription from 15 Dec to 17 Dec 2021. The face value is Rs. 10 per share and the price band is fixed at Rs. 262 - Rs. 274 and one can apply for the bid lot of 50 shares and its multiple. Stay updated with us to know more about the HP Adhesives IPO issue size, minimum order amount, business overview, company financials, live subscription, grey market premium, allotment status, and more.
| IPO Issue Opening Date: | 15th Dec 2021 |
| IPO Issue Closing Date: | 17th Dec 2021 |
| IPO Issue Price: | ₹262-274 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 10 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹125.96 Cr |
| Offer for Sale: | 4,57,200 shares at ₹274 per share [Aggregating upto ₹12.53 Cr] |
| Fresh Issue: | 41,40,000 shares at ₹274 per share [ Aggregating upto ₹113.44 Cr) |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 95.31% |
| Promoter Holding Post IPO: | TBD |
| Allotment Status: | Allotment Status |
| BSE Code: | 543433 |
| NSE Code: | HPAL |
Get important updates regarding HP Adhesives IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 22nd Dec 2021 |
| Refunds Initiation* | 23rd Dec 2021 |
| Credit of Shares to Demat* | 24th Dec 2021 |
| IPO Listing Date* | 27th Dec 2021 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹262-274 |
| Market Lot: | 50 Shares |
| 1 Lot Amount: | ₹13700 |
| Min Small HNI Lots(2-10 Lakh): | 750 shares (15 lots) |
| Min Big HNI Lots(10+ Lakh): |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 27-12-2021 | 274 | 80 | -- | ₹354 (29.2%) | 27-Dec-2021 8:47 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
HP Adhesives is a fast-growing multi-product consumer adhesive and sealants company. It is among the leading manufacturer in India in the consumer/ bazaar segment for the adhesive industry. The company manufactures a wide range of consumer adhesives and sealants i.e. PVC, cPVC, and uPVC solvent cement, PVC adhesives, synthetic rubber adhesive, silicone sealant, acrylic sealant, gasket shellac, and PVC pipe lubricant.
The company sells its products all over the country through a network of distributors and directly to customers in various industries such as plumbing and sanitary, drainage and water distribution, woodwork, footwear, automotive, foam-furnishing, and others. As of Sept 30, 2021, it has a distribution network of 4 depots in Delhi, Kolkata, Bengaluru, and Indore where 750+ distributors cater to the demand of 50,000 dealers in India.
Its manufacturing facility is located at Village Narangi, Raigad, Maharashtra. The company also exports its products in 21 countries including Bahrain, Bangladesh, Ghana, Greece, Iraq, Kuwait, Mauritius, Nepal, Nigeria, Oman, Philippines, Qatar, Republic of Malawi, Saudi Arabia, Taiwan, Turkey, UAE, Uganda, UK, USA, and Yemen.
| Incorporation | Sector | IPO Issue Size | Website |
| 1987 | Specialty Chemicals | ₹125.96 Cr | http://www.hpadhesives.com/ |
The net proceeds from the IPO will be utilized for the following purposes.
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,379,200 (54.55%) | 689,580 (27.27%) | 459,720 (18.18%) | 2,528,500 | |
| 1 | 15th Dec 2021 17:03 | 0.00x | 0.38x | 18.57x | 3.48x |
| 2 | 16th Dec 2021 17:02 | 0.34x | 1.90x | 40.29x | 8.03x |
| 3 | 17th Dec 2021 17:02 | 1.82x | 19.04x | 81.24x | 20.96x |
| HP Adhesives Financials (₹ in Lakh) | 30-Sep-2021 | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|---|
| Total Assets | ₹10,491.04 | ₹8,977.89 | ₹5,681.12 | ₹5,671.74 |
| Total Income | ₹7,273.23 | ₹12,387.96 | ₹9,790.75 | ₹8,797.64 |
| Net Profit/Loss | ₹310.24 | ₹1,005.96 | ₹(467.05) | ₹400.07 |
Last Updated on 05-Jan-2022 10:39:51
