HP Adhesives Limited

Mainboard

Chemicals

Listed On: Dec 27, 2021 at ₹ 315.00(NSE)

₹ 13700 /50 Shares

Check Allotment

Price Summary

Last Closing

95.33 (-65.21%)

52 Week High

131.00

52 Week Low

85.21

Last Update

20-Sep-2024 3:30 PM

IPO Details

15 Dec, 2021

Open Date

17 Dec, 2021

Close Date

23 Dec, 2021

Allotment Date

27 Dec, 2021

Listing Date

Issue Price

₹262-274 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Big Share Services Private Limited

List Price

315.00(NSE)

Listing Date

2021-12-27

Market Lot

50 Shares (₹13,700/-)

Lead Manager

Unistone Capital Private Limited

Issue Size

Total 125.96 Crores : Fresh Issue: 41,40,000 Shares + OFS: 4,57,200 Shares

Retail Portion

10% (Number of Retail Applications : 9,190 Approx)

Subscription

20.95 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	13,79,200	6,89,580	4,59,720	25,28,500
Day 1 - 15-12-21 05:00 PM	0.00 x	0.38	18.57 x	3.48 x
Day 2 - 16-12-21 05:00 PM	0.34 x	1.90	40.28 x	8.03 x
Day 3 - 17-12-21 05:00 PM	1.82 x	19.04	81.24 x	20.95 x

Total No. of Applications: 644790 (Approx)

Retail Subscription on the basis of Applications: 70.13 times

Valuations

Earnings Per Share (EPS)

₹5.47/-

P/E Ratio

50.05

RoNW

79%

Net Asset Value (NAV) - As on 31.08.21

₹26.39

Company Financials All values are in ₹ Cr.

	31-Mar-21	31-Mar-20	31-Mar-19
Assets	89.77	56.81	56.71
Revenue	123.87	97.90	87.97
Profit After Tax	10.05	(4.67)	4.00

About The Company

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
HP Adhesives	10.38	50.50	79.00%	123.87
Pidilite Industries	19.66	86.35	22.77%	7,372.11

- Promoter(s)

Pre Issue Share Holding: 95.31%

Post Issue Share Holding: N/A%

Company Promoter(s)

Anjana Haresh Motwani
Karan Haresh Motwani

IPO - Issue Objectives

Funding the working capital requirements of the company
Funding capital expenditure for expansion of production capacity at the existing manufacturing facility in Maharashtra and at the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs.

IPO - Anchor Investors

HP Adhesives raises Rs 56.68 crore from three anchor investors ahead of IPO

Coeus Global Opportunities Fund bought 5,47,500 equity shares, 3 Sigma Global Fund 9.66 lakh equity shares, and AG Dynamic Funds acquired 5,55,200 equity shares in the company, through the anchor book.

IPO - FAQs

Ans. HP Adhesives Limited is a Mainboard IPO. The issue is priced at ₹262-274 per equity share. The minimum order quantity is 50 Shares. The IPO opens on Dec 15, 2021, and closes on Dec 17, 2021. Big Share Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The HP Adhesives Limited opens on Dec 15, 2021 and closes on Dec 17, 2021.

Ans. The size of HP Adhesives Limited is Total 125.96 Crores : Fresh Issue: 41,40,000 Shares + OFS: 4,57,200 Shares.

Ans. The IPO price band is set between ₹262-274 per equity share.

Ans. To apply for HP Adhesives Limited IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find HP Adhesives Limited in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of HP Adhesives Limited is Dec 23, 2021.

Ans. The HP Adhesives Limited will be listed on Dec 27, 2021.

Ans. Follow the steps to check the allotment status for HP Adhesives Limited here.