HP Adhesives IPO Details

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.

IPO Objectives:

Funding the working capital requirements.

Expanding the production and distribution network.

Company Promoters

Karan Motwani and Anjana Motwani.

Company Financials:

HP Adhesives201920202021
Assets56cr56cr89cr
Revenue87cr97cr123cr
PAT4cr4.6cr10cr
PAT Margins4.59%-4.74%8.13%
EBIDTA10%7%15%
EPS3.05-3.57.75

HP Adhesives IPO Timeline

IPO opensIPO EndsAllotment BeginsRefund InitiationAllotment DateListing on Exchange
15th Dec 202117th Dec 202122nd Dec 202123rd Dec 202124th Dec 202127th Dec
2021

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)

ApplicationsLotsSharesAmount(Cut-off)
Minimum150₹13,700
Maximum14700₹191,800

 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

Email: ipo@bigshareonline.com

Website: https://www.bigshareonline.com

Company Contact Details:

HP Adhesives Limited

11, Unique House, Chakala Cross Road,

Andheri East, Mumbai – 400 099,

Maharashtra, India.

Phone: 022 68196300

Email: investors@hpadhesives.com

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