BSE Code: HPAL
HP Adhesives founded by Mr. Haresh Motwani is an adhesives and sealants company. It has a wide range of manufacturing units of consumer adhesives n sealants like PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesives, acrylic sealants, and PVC pipe lubricants. These products have a great demand for usage in different industries such as drainage, plumbing, sanitary, water distribution, construction, woodwork, footwear, and many multiple industries. Including the said products, it also sells ancillary products such as ball valves, thread seals and various tapes for drainage, and architectural solutions.
The Company has put a price band of ₹262-274 per equity share. The IPO closed on 17th December and it’s not trending in the Grey Market.
HP Adhesives IPO GMP
HP Adhesives is currently not trading in the Grey Market since it comes under the t-t quota.
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The Company has come up with its IPO for funding the working capital requirements n expanding the production and distribution network.
HP Adhesives IPO Details.
- Face Value : Rs10 per equity share
- IPO price Range : Rs.262 to Rs.274 per equity share
- Issue Size : 125.96 Cr
- Fresh Issue : 113.44 Cr
- QIB shares offered : 75% of net offer
- Retail shares offered : 10% of net offer
- HNI shares offered : 15% of net offer
- Listing BSE and NSE
HP Adhesives IPO Lot Size (Retail Individual Investors)