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The firm is a multi-product, multi-category consumer adhesives and sealants company that is rapidly expanding. It is one of India’s major manufacturing firms in the consumer industry for PVC solvent cement products.
PVC, cPVC, and PVA adhesives, uPVC solvent cement, acrylic sealant, gasket shellac, various sealants, synthetic rubber adhesive, silicone sealant, and PVC pipe lubricant are all manufactured by HP Adhesives. On an order basis, it also manufactures these goods for certain big PVC pipe manufacturing firms under co-branding or private label. Aside from the goods listed above, it also provides auxiliary items such as ball valves, thread seal and other tapes, and FRP materials for drainage and architectural solutions.
As of 30 June 2021, their distribution network included four depots and over 750 distributors, serving over 50,000 dealers throughout India. Its multi-product manufacturing facility is strategically located near Jawaharlal Nehru Port Trust in Village Narangi, Raigad (Maharashtra) (JNPT). Access to a port is advantageous for obtaining imported raw materials as well as exporting to foreign markets. The firm plans to increase its manufacturing capacity in order to meet the increasing demand for a variety of product categories.
| 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 |
| FY2020 | FY2021 | |
| Revenue | 86.8 | 123.9 |
| Expenses | 80.3 | 106.2 |
| Net income | (4.7) | 10.1 |
| Margin (%) | (5.4) | 8.2 |
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 |
Not Available right now, Updated Soon .
Listed On : 27 December 2021
Issue Price : Coming Soon
Listing Day Close : Coming Soon
Listing Day Gain/Loss (%) : Coming Soon
NSE : NA
ISIN CODE : INE0GSL01016
BSE : NA
Capital Market – Neutral
Dilip Davda – May apply
Marwadi Shares and Finance Ltd – Apply
TopShareBrokers.com – Avoid
| 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 |
HP Adhesives Limited
11, Unique House,
Chakala Cross Road,
Andheri East, Mumbai – 400 099
Phone: +91 022 68196300
Email: investors@hpadhesives.com
Website: www.hpadhesives.com
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: ipo@bigshareonline.com
Website: www.bigshareonline.com
Category | Shares Offered | Day 1 |
QIB | 13,79,200 | 0.00 |
NII | 6,89,580 | 0.38 |
Retail | 4,59,720 | 18.84 |
Total | 25,28,500 | 3.53 |
Category | Day 2 | Day 3 |
QIB | 0.34 | 1.82 |
NII | 1.90 | 19.04 |
Retail | 40.29 | 81.24 |
Total | 8.03 | 20.96 |
HP Adhesives Limited IPO is a main-board IPO of ₹262 to ₹274 per equity share of the face value of ₹10 aggregating up to 4,597,200 Eq Shares of ₹10
(aggregating up to ₹125.96 Cr). The fresh issue is priced at 4,140,000 Eq Shares of ₹10
(aggregating up to ₹113.44 Cr). The minimum order quantity is 50 Shares. The initial public offering (IPO) date Dec 15, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The HP Adhesives Limited IPO opening date is Dec 15, 2021. and the closing date is Dec 17, 2021.
HP Adhesives Limited IPO Market lot size is 50 Shares and the minimum order quantity is 50 Shares.
The Basis of Allotment for HP Adhesives Limited IPO will be done on Dec 22, 2021 and the allotted shares will be credited to your demat account by Dec 24, 2021. Check the HP Adhesives Limited IPO allotment status.
The HP Adhesives Limited IPO listing date is Dec 27, 2021.
HP Adhesives Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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