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All that you should know about the Company before applying for the IPO.
The public issue of equity shares of HP Adhesives Limited will open for subscription on December 15, 2021 and closes on December 17, 2021. It is expected to list on the stock exchanges on December 27, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
The Company is a fast-growing multi-product, multi-category consumer adhesives and sealants company. It is amongst the leading manufacturing companies of PVC solvent cement in India. It 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 lubricant which 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. It also sell ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions.
The Company sells its products in India and exports in 21 countries. Its distribution network comprised 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. It has manufacturing facility in Raigad (Maharashtra).
Anjana Haresh Motwani and Karan Haresh Motwani
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
| IPO Size | ₹ 125.97 Crore* |
|---|---|
| Offer Mix | Fresh Issue ₹ 113.44 Crore + Offer For Sale ₹ 12.53 Crore |
| Price Band | ₹ 262 - ₹ 274 |
| Lot Size | 50 Shares (& in multiples thereof) |
| Face Value | ₹ 10 |
| Application Amount | Min. ₹ 13,700 (1 lot) | Max. ₹ 1,91,800 (13 lots) [at upper price band] |
| Listing on | NSE & BSE |
| Registrar | Bigshare Services Private Limited |
| Cut-off time for UPI Mandate Confirmation | 20-Dec-2021 (up to 12:00 PM) |
| QIB |
₹ 94.48 Crore (75% of Issue Size) |
|---|---|
| NIB |
₹ 18.89 Crore (15% of Issue Size) |
| Retail |
₹ 12.60 Crore (10% of Issue Size) |
| Activity | Date |
|---|---|
| IPO Opens | December 15, 2021 |
| IPO Closes | December 17, 2021 |
| Finalization of the basis of allotment | December 22, 2021 |
| Unblocking of funds / Initiation of refunds | December 23, 2021 |
| Credit of equity shares to Demat accounts | December 24, 2021 |
| Listing of equity shares | December 27, 2021 |
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