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.
- Growing company with established brand presence
- Wide Product Portfolio and multiple SKUs
- Diversified product portfolio with a diversified customer base
- Extensive distribution network across India
- Established presence in international markets
- Large players as customers
- Efficient manufacturing set-up with scope for expansion
- Focus on quality
- R&D set up for constant product improvement and new product development
- Experienced management team with a committed employee base
Anjana Haresh Motwani and Karan Haresh Motwani
|IPO Opening Date||Dec 15, 2021|
|IPO Closing Date||Dec 17, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
per equity share
|Market Lot||50 Shares|
|Min Order Quantity||50 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹125.96 Cr|
|Fresh Issue||₹113.44 Cr|
|Offer for Sale||₹12.53 Cr|
|Retail Portion ||10%|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The HP Adhesives Limited IPO open date is Dec 15, 2021,
and the close date is Dec 17, 2021.
The issue may list on Dec 27, 2021.
|IPO Open Date||Dec 15, 2021|
|IPO Close Date||Dec 17, 2021|
|Basis of Allotment Date||Dec 22, 2021|
|Initiation of Refunds||Dec 23, 2021|
|Credit of Shares to Demat Account||Dec 24, 2021|
|IPO Listing Date||Dec 27, 2021|
IPO Lot Size
The HP Adhesives Limited IPO market lot size is 50 shares.
A retail-individual investor can apply for up to 14 lots (700 shares or ₹191800).
IPO Promoter Holding
|Pre Issue Share Holding||95.31%|
|Post Issue Share Holding|