HP Adhesives IPO description – The company is a fast-growing multi-product, multi-category consumer adhesives and sealants company. It is amongst the leading manufacturing companies in India in the consumer segment for PVC solvent cement product category.
HP Adhesives 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 lubricant. It also manufactures these products for select large PVC pipe manufacturing companies under co-branding or private label on order basis. Apart from the above products, it also sells ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions.
As of 30 June 2021, its distribution network comprised of 4 depots and more than 750 distributors, catering to more than 50,000 dealers in India. Its multi- product manufacturing facility, located at Village Narangi, Raigad (Maharashtra), is strategically located in close proximity to Jawaharlal Nehru Port Trust (JNPT). Access to port is helpful in receiving supply of imported raw materials as well as exporting to international markets. The company intends to expand its manufacturing capacity to cater to the growing demand for several product categories.
Promoters of HP Adhesives – Anjana Haresh Motwani and Karan Haresh Motwani
HP Adhesives IPO Details
| Subscription Dates | 15 – 17 December 2021 |
| Price Band | INR262 – 274 per share |
| Fresh issue | 41,40,000 shares (INR108.47 – 113.47 crore) |
| Offer For Sale | 4,57,200 shares (INR11.98 – 12.53 crore) |
| Total IPO size | 45,97,200 shares (INR120.45 – 125.96 crore) |
| Minimum bid (lot size) | 50 shares |
| Face Value | INR10 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
HP Adhesives’ Financial Performance
| Â | FY2020 | FY2021 |
| Revenue | 86.8 | 123.9 |
| Expenses | 80.3 | 106.2 |
| Net income | (4.7) | 10.1 |
| Margin (%) | (5.4) | 8.2 |
HP Adhesives IPO News
HP Adhesives Valuations & Margins
| FY2020 | FY2021 | |
| EPS | (3.64) | 7.74 |
| PE ratio | – | 33.85 – 35.40 |
| RONW (%) | (190.00) | 79.00 |
| ROCE (%) | 12.10 | 31.60 |
| EBITDA (%) | 7.70 | 14.97 |
| Debt/Equity | 13.93 | 3.33 |
| NAV | – | 9.74 |
HP Adhesives IPO GMP Daily Trend
| Date | HP Adhesives IPO GMP | Kostak | Subject to Sauda |
HP Adhesives IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 13,79,200 | 0.00 | 0.34 | 1.82 |
| NII | 6,89,580 | 0.38 | 1.90 | 19.04 |
| Retail | 4,59,720 | 18.84 | 40.29 | 81.24 |
| Total | 25,28,500 | 3.53 | 8.03 | 20.96 |
HP Adhesives IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Avoid
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth –
Canara Bank Securities – Avoid
Choice Broking – Subscribe with caution
Elite Wealth –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
KR Choksey –
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang –
Religare Broking –
Samco Securities – Avoid
SMC Global – 1/5
Ventura Securities – Not rated
HP Adhesives Offer Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
HP Adhesives Contact Details
HP Adhesives Limited
11, Unique House,
Chakala Cross Road,
Andheri East, Mumbai – 400 099
Phone:Â +91 022 68196300
Email:Â [email protected]
Website: www.hpadhesives.com
HP Adhesives IPO Allotment Status
HP Adhesives IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.
HP Adhesives IPO Timetable
| IPO Opening Date | 15 December 2021 |
| IPO Closing Date | 17 December 2021 |
| Finalisation of Basis of Allotment | 22 December 2021 |
| Initiation of refunds | 23 December 2021 |
| Transfer of shares to demat accounts | 24 December 2021 |
| Listing Date | 27 December 2021 |
| Opening Price on NSE | INR315 per share (up 14.96% from IPO price) |
| Closing Price on NSE | INR330.75 per share (up 20.71% from IPO price) |
HP Adhesives IPO FAQs
How many shares in HP Adhesives IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in HP Adhesives Public Offer?
The best way to apply in HP Adhesives IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is HP Adhesives IPO GMP today?
HP Adhesives IPO GMP today is NA per share.
What is HP Adhesives IPO kostak rate today?
HP Adhesives IPO kostak rate today is NA per application.
What is HP Adhesives Subject to Sauda rate today?
HP Adhesives Subject to Sauda rate today is NA per application.
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