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.
Competitive Strengths:
- Growing company with established brand presence
- Wide Product Portfolio and multiple SKUs
- Diversified product portfolio with a diversified customer base
- Extensive distribution network across India
- Established presence in international markets
- Large players as customers
- Efficient manufacturing set-up with scope for expansion
- Focus on quality
- R&D set up for constant product improvement and new product development
- Experienced management team with a committed employee base
Company Promoters:
Anjana Haresh Motwani and Karan Haresh Motwani are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | |||
|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1,049.10 | 897.78 | 568.11 | 567.17 |
| Total Revenue | 727.32 | 1,238.79 | 979.07 | 879.76 |
| Profit After Tax | 31.02 | 100.59 | – 46.70 | 40.00 |
Objects of the Issue:
- 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.
HP Adhesive IPO Details
| IPO Opening Date | Dec 15, 2021 |
| IPO Closing Date | Dec 17, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
| Issue Size | 4,597,200 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Fresh Issue | 4,140,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
| Offer for Sale | 457,200 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
HP Adhesive IPO Tentative Timetable
The HP Adhesive IPO open date is Dec 15, 2021, and the close date is Dec 17, 2021. The issue may list on Dec 27, 2021.
| IPO Open Date | Dec 15, 2021 |
| IPO Close Date | Dec 17, 2021 |
| Basis of Allotment Date | Dec 22, 2021 |
| Initiation of Refunds | Dec 23, 2021 |
| Credit of Shares to Demat Account | Dec 24, 2021 |
| IPO Listing Date | Dec 27, 2021 |
HP Adhesive IPO Promoter Holding
| Pre Issue Share Holding | 95.31% |
| Post Issue Share Holding |
Company Contact Information
HP Adhesives Limited
11, Unique House, Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Maharashtra, India.
Phone: 022 68196300
Email: investors@hpadhesives.com
Website: https://www.hpadhesives.com/
HP Adhesive IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com