IPO Status: Closed [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|
|IPO Listing At:||BSE, NSE|
|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|
|Promoter Holding Pre IPO:||95.31%|
|Promoter Holding Post IPO:||TBD|
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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.
|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
|Market Lot:||50 Shares|
|1 Lot Amount:||₹13700|
|Max Retail Lots:||700 shares (14 lots)|
|Min HNI Lots:||750 shares (15 lots)|
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.
|# 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|
Past performance and financial results of HP Adhesives.
|HP Adhesives Financials (₹ in Lakh)||30-Sep-2021||31-Mar-2021||31-Mar-2020||31-Mar-2019|
HP Adhesives IPO DRHP >>Document
HP Adhesives IPO RHP >>Document
HP Adhesives IPO Allotment Status >>Link
Last Updated on 2022-01-05T10:39:51+00:00
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