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HP Adhesives IPO

IPO Status: Closed [15th Dec 2021 to 17th Dec 2021]

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HP Adhesives IPO Detail

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.

HP Adhesives IPO Details

IPO Issue Opening Date: 15th Dec 2021
IPO Issue Closing Date: 17th Dec 2021
IPO Issue Price: ₹262-274
IPO Listing At: BSE, NSE
Retail Quota: 10%
IPO Issue Type: Book Built Issue IPO
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
BSE Code: 543433

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HP Adhesives IPO Important Dates

In this section we have covered all important dates related to HP Adhesives IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

HP Adhesives IPO important dates
IPO Activity Date
IPO Issue Open 15th Dec 2021
IPO Issue Close 17th Dec 2021
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

HP Adhesives IPO Lots

IPO Activity Date
Issue Price ₹262-274
Market Lot: 50 Shares
1 Lot Amount: ₹13700
Max Retail Lots: 700 shares (14 lots)
Min HNI Lots: 750 shares (15 lots)

About Company - HP Adhesives

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.

HP Adhesives IPO Strengths

  • A leading manufacturer in India in the consumer/bazaar segment for the adhesive sector.
  • Variety of PVC Cement and other products offerings.
  • Distribution network in the major markets i.e. Delhi, Kolkata, Bengaluru, and Indore.
  • The strategically located manufacturing facility at Raigad, Maharashtra with close proximity to Jawaharlal Nehru Port Trust.
  • Diversified customer base across different industries i.e. automobiles, electronic devices, PVC flooring, etc.
  • Strong presence in international markets with export to various countries.
Incorporation Sector IPO Issue Size Website
1987 Specialty Chemicals ₹125.96 Cr

HP Adhesives IPO Objective

The net proceeds from the IPO will be utilized for the following purposes.

  1. Funding working capital requirements.
  2. Funding capital expenditure for existing manufacturing facility expansion at Village Narangi, Raigad, Maharashtra.
  3. General corporate purposes.

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HP Adhesives IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 1,379,200 Shares
  • Non-Institutional Investors: 689,580 Shares
  • Retail Individual Investor: 459,720 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered1,379,200 (54.55%)689,580 (27.27%)459,720 (18.18%)2,528,500
115th Dec 2021 17:030.00x0.38x18.57x3.48x
216th Dec 2021 17:020.34x1.90x40.29x8.03x
317th Dec 2021 17:021.82x19.04x81.24x20.96x

HP Adhesives Financials for past 3 Years

Past performance and financial results of HP Adhesives.

HP Adhesives financial
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

HP Adhesives IPO DRHP >>Document

HP Adhesives IPO RHP >>Document

HP Adhesives IPO Allotment Status >>Link

Company Address

HP Adhesives Limited
11, Unique House, Chakala Cross Road, Andheri East,
Mumbai,Maharashtra-400 099
Phone: +91-8097520674
Email: [email protected]

HP Adhesives IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: [email protected]

HP Adhesives IPO Lead Manager

  1. Unistone Capital Pvt Ltd
HP Adhesives IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for HP Adhesives? Should I apply in HP Adhesives IPO?

Last Updated on 2022-01-05T10:39:51+00:00

User Reviews

5. rajat anand Dec 07 2021 04:32:29 AM Reply
HP Adhesives IPO expected listing gain.
4. Sijojose Dec 07 2021 04:32:29 AM Reply
Please confirm HP Adhesives IPO GMP (grey market premium) and kostak.
3. john thomas Dec 07 2021 04:32:29 AM Reply
HP Adhesives IPO good or bad.
2. GANESH  Dec 07 2021 04:32:29 AM Reply
HP Adhesives IPO whether to invest or not.
1. Virender Singh  Dec 07 2021 04:32:29 AM Reply
HP Adhesives IPO - CRISIL Rating, Apply or not?.