HP Adhesives Limited
MainboardChemicals
Listed On: Dec 27, 2021 at ₹ 315.00(NSE)
₹ 13700 /50 Shares
Check Allotment15 Dec, 2021
Open Date17 Dec, 2021
Close Date23 Dec, 2021
Allotment Date27 Dec, 2021
Listing DatePrice Summary
Last Closing
41.90 (-84.71%)52 Week High
83.4652 Week Low
41.20Last Update
17-Dec-2025 3:30 PMIPO Issue Details
- Issue Price ₹262-274 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price Total 125.96 Crores : Fresh Issue: 41,40,000 Shares + OFS: 4,57,200 Shares
- Listing at BSE, NSE
- List Price 315.00(NSE)
- Listing Date 2021-12-27
- Lead Manager Unistone Capital Private Limited
- Registrar Big Share Services Private Limited
IPO Details
- Retail Portion 10% (Number of Retail Applications : 9,190 Approx)
IPO Details
The IPO of is priced at ₹262-274 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Dec 15, 2021 and ends on Dec 17, 2021. The allotment for IPO will be finalized on Dec 23, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 27, 2021. The company shall list its equity shares on the BSE, NSE. Big Share Services Private Limited is the registrar of the issue.
The book-running lead manager for the IPO is/are Unistone Capital Private Limited.
The IPO sets its price band at 262-274 for each share. A single application for HP Adhesives Limited must contain at least 50 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 13,79,200 | 6,89,580 | 4,59,720 | 25,28,500 |
|
Day 1
15-12-21 05:00 PM
|
0.00 x | 0.38 | 18.57 x | 3.48 x |
|
Day 2
16-12-21 05:00 PM
|
0.34 x | 1.90 | 40.28 x | 8.03 x |
|
Day 3
17-12-21 05:00 PM
|
1.82 x | 19.04 | 81.24 x | 20.95 x |
Valuations
Company Financials
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
|---|---|---|---|
| Assets | 89.77 | 56.81 | 56.71 |
| Revenue | 123.87 | 97.90 | 87.97 |
| Profit After Tax | 10.05 | (4.67) | 4.00 |
About Company
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.
- Promoter(s)
Anjana Haresh Motwani
Karan Haresh Motwani
Pre Issue Share Holding : 95.31%
Post Issue Share Holding : N/A%
IPO - Issue Objectives
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.
IPO - Anchor Investors
HP Adhesives raises Rs 56.68 crore from three anchor investors ahead of IPO
Coeus Global Opportunities Fund bought 5,47,500 equity shares, 3 Sigma Global Fund 9.66 lakh equity shares, and AG Dynamic Funds acquired 5,55,200 equity shares in the company, through the anchor book.
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| HP Adhesives | 10.38 | 50.50 | 79.00% | 123.87 |
| Pidilite Industries | 19.66 | 86.35 | 22.77% | 7,372.11 |
IPO - FAQs
Ans. HP Adhesives Limited is a Mainboard IPO. The issue is priced at ₹262-274 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Dec 15, 2021, and closes on Dec 17, 2021. Big Share Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The HP Adhesives Limited opens on Dec 15, 2021 and closes on Dec 17, 2021.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of HP Adhesives Limited is Total 125.96 Crores : Fresh Issue: 41,40,000 Shares + OFS: 4,57,200 Shares.
Ans. The HP Adhesives Limited price band is set between ₹262-274 per equity share.
Ans. To apply for HP Adhesives Limited, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find HP Adhesives Limited in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of HP Adhesives Limited is Dec 23, 2021.
Ans. The HP Adhesives Limited will be listed on Dec 27, 2021.
Ans. Follow the steps to check the HP Adhesives Limited allotment status online.
