HP Adhesives Limited IPO (HP Adhesive IPO) Detail

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:

ParticularsFor the year/period ended (₹ in Millions)
Total Assets1,049.10897.78568.11567.17
Total Revenue727.321,238.79979.07879.76
Profit After Tax31.02100.59– 46.7040.00

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 DateDec 15, 2021
IPO Closing DateDec 17, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[.] to [.] per equity share
Market Lot
Min Order Quantity
Listing AtBSE, NSE
Issue Size4,597,200 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Fresh Issue4,140,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale457,200 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 DateDec 15, 2021
IPO Close DateDec 17, 2021
Basis of Allotment DateDec 22, 2021
Initiation of RefundsDec 23, 2021
Credit of Shares to Demat AccountDec 24, 2021
IPO Listing DateDec 27, 2021

HP Adhesive IPO Promoter Holding

Pre Issue Share Holding95.31%
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

HP Adhesive IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

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