HP Adhesives IPO GMP, Price, Date, Allotment

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HP Adhesives IPO GMP

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 Dates15 – 17 December 2021
Price BandINR262 – 274 per share
Fresh issue41,40,000 shares (INR108.47 – 113.47 crore)
Offer For Sale4,57,200 shares (INR11.98 – 12.53 crore)
Total IPO size45,97,200 shares (INR120.45 – 125.96 crore)
Minimum bid (lot size)50 shares
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, BSE

HP Adhesives’ Financial Performance

 FY2020FY2021
Revenue86.8123.9
Expenses80.3106.2
Net income(4.7)10.1
Margin (%)(5.4)8.2
Figures in INR crore unless specified otherwise

HP Adhesives IPO News


HP Adhesives Valuations & Margins

FY2020FY2021
EPS(3.64)7.74
PE ratio33.85 – 35.40
RONW (%)(190.00)79.00
ROCE (%)12.1031.60
EBITDA (%)7.7014.97
Debt/Equity13.933.33
NAV9.74

HP Adhesives IPO GMP Daily Trend

Date HP Adhesives IPO GMPKostakSubject to Sauda

HP Adhesives IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB13,79,2000.000.341.82
NII6,89,5800.381.9019.04
Retail4,59,72018.8440.2981.24
Total25,28,5003.538.0320.96
Subscription figures in number of times, at 5 PM

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: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com


HP Adhesives Contact Details

HP Adhesives Limited
11, Unique House,
Chakala Cross Road,
Andheri East, Mumbai – 400 099
Phone: +91 022 68196300
Email: [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 Date15 December 2021
IPO Closing Date17 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 NSEINR315 per share (up 14.96% from IPO price)
Closing Price on NSEINR330.75 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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