BSE Code: HPAL
The HP Adhesives IPO bid opens on 15th Dec 2021 and closes on 17th Dec 2021 at 5 pm.
HP Adhesives Limited 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 n various tapes for drainage, and architectural solutions.
The company has a distribution network of more than 750 distributors in 23 states and 4 union territories with more than 50,000 dealers.
Not only India but it also sell its products to customers in 21 countries across the globe. It continues to increase the distribution across India and in international markets on regular basis and is a part of its key strategy to grow the business.
Funding the working capital requirements.
Expanding the production and distribution network.
Karan Motwani and Anjana Motwani.
HP Adhesives IPO Timeline
|IPO opens||IPO Ends||Allotment Begins||Refund Initiation||Allotment Date||Listing on Exchange|
|15th Dec 2021||17th Dec 2021||22nd Dec 2021||23rd Dec 2021||24th Dec 2021||27th Dec |
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)
HP Adhesives IPO Review:
Looking at the Company’s financials, growth and objectives it is a green signal for this IPO. You can opt for listing gains or for the long term too.
Note – No GMP yet for HP Adhesives IPO since it will be going into T-T settlement.
HP Adhesives IPO Registrar:
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Company Contact Details:
HP Adhesives Limited
11, Unique House, Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Phone: 022 68196300