HP Adhesives IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the HP Adhesives IPO release date, IPO offer price, subscription, HP Adhesives Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 262 to Rs 274 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 50 Shares |
| Listing Date | Dec 27, 2021 |
| Offer for Sale | Rs 125.30 Million |
| Fresh Issue | Rs 1134.40 Million |
| IPO Size | Rs 1259.60 Million |
| Tick Size | 1 |
HP Adhesives IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
HP Adhesives IPO – Summary
They are a fast-growing multi-product, multi-category consumer adhesives, and sealants company. For their largest product category – PVC solvent cement, they are amongst the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry.
They manufacture 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 lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through a network of distributors and direct customers.
The Promoter of this company is ANJANA HARESH MOTWANI AND KARAN HARESH MOTWANI. The lead manager to the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
HP Adhesives IPO Date
The opening and the closing date of HP Adhesives IPO are Dec 15, 2021, and Dec 17, 2021, respectively.
Check out Related IPO Links:
| HP Adhesives IPO GMP |
| Allotment – HP Adhesives IPO |
HP Adhesives IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 15th Dec | 0.00x | 0.38x | 18.57x | 3.48x |
| 2nd Day – 16th Dec | 0.34x | 1.90x | 40.29x | 8.03x |
| 3rd Day – 17th Dec | 1.82x | 19.04x | 81.24x | 20.96x |
| Shares Offered or Net Issue | 1,379,200 | 689,580 | 459,720 | 2,528,500 |
The shares subscribed by the public will be updated here.
Check HP Adhesives IPO LIVE Subscription
- HP Adhesives IPO LIVE Bid details on BSE
- HP Adhesives IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
HP Adhesives IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
HP Adhesives Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 22, 2021 |
| Refunds Initiation | Dec 23, 2021 |
| Credit of Shares to Demat Account | Dec 24, 2021 |
| Share Listing Date | Dec 27, 2021 |
HP Adhesives IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 262 to Rs 274
HP Adhesives IPO Equity Size
This Initial Public Issue of 45,97,200 Equity Shares of Rs.10 each for cash at a price of Rs 262 to Rs 274 per equity share aggregating to Rs.1259.60 Million.
HP Adhesives IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 41,40,000 Equity Shares of Rs.10/ each.
Issue Size: 45,97,200 Equity Shares of Rs.10 each, aggregating to Rs.1259.60 Million
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HP Adhesives IPO – Live Performance
The listing date of this IPO is Dec 27, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – HP Adhesives Share Price |
HP Adhesives IPO Grey Market Premium
The HP Adhesives Limited IPO Grey Market Premium price is Rs 90, the Kostak rate is Rs NA and the Subject to Sauda is Rs NA.
HP Adhesives IPO – Company Overview
They also manufacture these products for select large PVC pipe manufacturing companies under co-branding or private label on an order basis. Apart from the above products, they also sell ancillary products like ball valves, thresealseal, and other tapes and FRP products for drainage and architectural solutions that are distributed along with their products to the end-customers through their distribution network.
The aforesaid 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.
They have a robust business model aimed at consistently expanding their product portfolio by introducing new product categories as well as SKUs to cater to multiple end-use applications which are sold through their distribution network across India. With a strict focus on product quality and a long-standing track record in the distributor network, they have an established brand image that helps them in penetrating new product categories.
They constantly engage with their distributor network through marketing and promotional activities and also conduct a range of activities such as distributor meets, retailer meets and plumber and carpenter meets which leads to the promotion of their product brands.
HP Adhesives IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Sep-20 | 31-Mar-21 | 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 |
| Total Expense | – | – | – | – |
| Profit After Tax | 31.02 | 100.59 | (46.70) | 40.00 |
Earnings per Equity Share (in Million)
| 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 7.74 | (3.64) |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020 and March 31, 2019, were Rs. 100.59 Million, Rs. (46.70) Million and 40.00 Million respectively.
HP Adhesives IPO – Promoters
The Promoter of this company is:
- ANJANA HARESH MOTWANI
- KARAN HARESH MOTWANI
List of Related Parties (Key Managerial Personnel)
- Anjana Haresh Motwani, Executive Director & Chairperson
- Karan Haresh Motwani, Managing Director
- Surendra Kumar Mehta, Non-executive Independent Director
- Rajendra Kumar Jain, Non-executive Independent Director
- Ajeet Anant Walavalkar, Non-executive Independent Director
HP Adhesives IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 45,97,200 Equity Shares aggregating up to Rs.1259.60 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,42,34,947 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
HP Adhesives IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding the working capital requirements of their Company.
2. Funding capital expenditure for expansion of production capacity at the existing manufacturing facility at Village Narangi, Raigad, Maharashtra, and at the additional unit admeasuring about 5,397.53 sq. mtrs. (built-up) the area on the adjacent plot (“Proposed Expansion”):
• to expand their existing installed capacities for the existing product lines; and
• to enable them to also add new products to their existing product portfolio.
3. General corporate purposes.
HP Adhesives IPO – Business Strategy
- Continue to introduce new product categories
- Further, expand their distribution network across India and globally
- Further, strengthen brand image
- Expansion of manufacturing facility
- Increasing the size of the field staff will help secondary penetration
- Enhancing demand by incentivizing the product end-user i.e., applier
- Plant automation to improve productivity
- Technology integration for all business functions
- Continue to drive business based on people-centric policies and practices
HP Adhesives Limited IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Wide product portfolio addressing the needs of varied customers across the industry.
- Experienced Promoters with a strong management team having domain knowledge;
- Extensive Sales and distribution network
- Strategically located manufacturing facilities
- Improving operational efficiency
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 7.74 | 79.00 | 9.74 |
| 31-Mar-20 | (3.64) | (190.00) | – |
HP Adhesives IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| HP Adhesives Limited | 10 | [●] | 7.74 | 79.00 | 118.16 |
| Listed Peers | |||||
| Pidilite Industries Limited | 10 | 81.28 | 22.26 | 20.22 | 7,293.00 |
HP Adhesives IPO Lead Managers
| Lead Managers |
| UNISTONE CAPITAL PRIVATE LIMITED Registered Office: 12, Floor No – 2, Shashank CHS LTD, Manmala Tank Road, Near Starcity Cinema, Mahim, Mumbai- 400016 Corporate Office: Unit No. 305, A Wing, Dynasty Business Park Andheri-Kurla Road, Andheri East, Mumbai – 400 059 Telephone: +91 9820057533 Email: mb@unistonecapital.com Investor grievance email: compliance@unistonecapital.com Contact Person: Mr. Brijesh Parekh Website: www.unistonecapital.com SEBI registration number: INM000012449 CIN: U65999MH2019PTC330850 |
HP Adhesives IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400 059, India Telephone: 022-62638200 Facsimile: 022-63638280 Email: ipo@bigshareonline.com; Investor grievance email: investor@bigshareonline.com Contact Person: Ms. Ashish Bhope Website: www.bigshareonline.com SEBI Registration Number: INR000001385 CIN: U99999MH1994PTC076534U6 |
HP Adhesives IPO – Other Details
- Statutory Auditor – M/s. Priya Choudhary & Associates, LLP
- Legal Counsel to the Company – NA
- Bankers to the Company – NA
HP Adhesives IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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HP Adhesives Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
HP Adhesives IPO Review FAQs
Ques – What is the Issue Size of HP Adhesives IPO?
Answer – The Company is making an initial public offer of 45,97,200 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of HP Adhesives Ltd IPO?
Answer – The price band for this particular IPO ranges between Rs 262 to Rs 274. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the HP Adhesives IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 15, 2021, while the closing date is set at Dec 17, 2021.
Ques – What is the HP Adhesives IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 22, 2021, refund initiation is on Dec 23, 2021, credit of shares is on Dec 24, 2021, and share listing date is on Dec 27, 2021.
Ques – What is the HP Adhesive IPO Ltd Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 27, 2021. The date, when the listing would be done, is stagnant on Dec 27, 2021.
Ques – Who is the Registrar of HP Adhesive IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of HP Adhesive IPO?
Answer – Here are the promoters of this IPO – ANJANA HARESH MOTWANI AND KARAN HARESH MOTWANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of HP Adhesive IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 90. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is HP Adhesives IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of HP Adhesives Company?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 100.59, 2020 is (46.70) and 2019 is 40.00.
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