What are the open and close dates of the HP Adhesives Limited ?

HP Adhesives Limited will be open between 2021-12-15 and 2021-12-17.

What is the allotment date for the HP Adhesives Limited ?

HP Adhesives Limited allotment date is 2021-12-22. For HP Adhesives Limited allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of HP Adhesives Limited ?

For HP Adhesives Limited, the IPO registrar is Bigshare Services Private Limited. You can check HP Adhesives Limited allotment status on the website of the registrar.

Where is the HP Adhesives Limited getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will HP Adhesives Limited shares be credited to your demat account?

The HP Adhesives Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the HP Adhesives Limited ?

The HP Adhesives Limited lot size is 50 and minimum order quantity is 50.

What is the price band for the HP Adhesives Limited ?

HP Adhesives Limited has set the price band for its IPO at 274 per equity share with a face value of 10.

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IPO

HP Adhesives Limited

listed

₹13,100Min. investment

Bid start
15 Dec
Bid end
17 Dec
Allotment
17 Dec
Release of funds
23 Dec
Demat transfer
22 Dec
Listing
27 Dec

HP Adhesives Limited IPO Details

Issue size

₹126Cr

IPO type

Mainboard

Price range

₹262 – ₹274

Lot size

50 shares

RHP/DRHP

Read

Price range₹262 – ₹274

IPO type

Regular

Lot size50 shares

Issue size₹126Cr

RHP/DRHP

Read

Checklist

Risk analysis

Debt to Equity ratio

Promoter holdings

Shares pledged

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Founded by the Motwani family in 1978, HP Adhesives is a leading manufacturer of adhesives and sealants in India. From plumbing, sanitary, drainage and water distribution to footwear and automotive, the company’s products have a wide range of applications. Over the last three years, the company’s financial performance has been a mixed bag. In FY20, the company suffered a loss of ₹4.6 crore. But it managed to bounce back in the following year and reported a profit of ₹10 crore in FY21. Now, the company is all set to launch its IPO and use the net proceeds to fuel its expansion.

Key highlights

HP Adhesives is among the fastest-growing multi-product adhesives and sealants companies.
Besides India, the company sells its products in 21 other countries.
It has 750 distributors who cater to 50,000 dealers across India.

Strengths

Is a well-established brand, which offers high quality products with efficient pricing
Is the largest manufacturer of PVC adhesive with a 14-16% market share

Risks

The new variant could dent its sales. In April and May 2020, its average monthly sales dropped drastically due to the pandemic
Low utilisation of the capacity. In FY21, the capacity utilisation for solvent cement, other adhesive and sealants stood at 51%, 34% and 52%, respectively

Good to know

India’s consumer adhesive market is expected to clock 9%-10% CAGR between 2021 and 2026 driven by economic recovery and growth in end-user industries. Being one of the leading companies in this segment, HP Adhesives is well-positioned to benefit from this stellar growth. Also, the rising demand for wooden furniture could be a major tailwind for the company.

Frequently asked questions

How to invest in the HP Adhesives Limited ?

Investors can apply for the HP Adhesives Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of HP Adhesives Limited ?

The issue size of the HP Adhesives Limited is 126 Cr.

What is 'pre-apply' for HP Adhesives Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will HP Adhesives Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.