HP Adhesives was incorporated on January 01, 1987. The company manufactures a wide range of consumer adhesivesand sealantssuch 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 network of distributors and direct customers.
| Bidding Dates |
|---|
| 15 Dec 2021 - 17 Dec 2021 |
| Subscription |
|---|
| 20.96x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹13,700 | 1 | 14 | 50 | 4.6 M | ₹262 - ₹274 | 95.31 % | ₹1204.5 M - ₹1259.6 M | RHP DOC |
HP Adhesives IPO SUBSCRIPTION STATUS
17 Dec '21HP Adhesives IPO overall subscription rate was 20.96 times the total available shares
HP Adhesives IPO retail subscription rate was 81.24 times in the retail segment
HP Adhesives IPO non-institutional investor subscription rate was 19.04 times in the non-institutional investor category
HP Adhesives IPO Qualified Institutional Bidder subscription rate was 1.82 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
17 Dec 2021 (Day 3) | 81.24x | 19.04x | 1.82x |
16 Dec 2021 (Day 2) | 0x | 0x | 0x |
15 Dec 2021 (Day 1) | 18.57x | 0.38x | 0x |
HP Adhesives IPO SUBSCRIPTION STATUS DETAILS
HP Adhesives had 4.6 M shares on offer
HP Adhesives IPO offer price was in the range ₹262 - ₹274
HP Adhesives IPO minimum Investment was ₹13700
HP Adhesives IPO issue size was ₹ 1204.5 M - ₹ 1259.6 M
HP Adhesives had a minimum lot size of 50 Shares per application
HP Adhesives NUMBER OF SHARES ON OFFER
HP Adhesives IPO IMPORTANT DATES
| Issue Open Date | 15 Dec 2021 |
| Issue close Date | 17 Dec 2021 |
| Allotment Date | 22 Dec 2021 |
| Refund Date | 23 Dec 2021 |
| Demat Account Credit Date | 24 Dec 2021 |
| Listing Date | 27 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| HP Adhesives Allotment Status | Exchange |
HP Adhesives IPO subscription opened on 15 Dec 2021, and closed on 17 Dec 2021
IPO allotment for HP Adhesives was finalized on Wednesday, 22 Dec 2021
IPO listing for HP Adhesives was on NSE and BSE on Monday, 27 Dec 2021
HP Adhesives IPO LISTING GAINS
| Issue Price (adjusted) | 54.8 |
| Listing Open Price | 319.0 |
| Listing Close Price | 334.9 |
| Listing Gain% | 16.4% |
| Current Gain% | -37.7% |
HP Adhesives Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HP Adhesives Ltd. | 34.2 | 48.6 | 45 | -0.7 | 1.2 | 3.7 | 3 | 252.9 | -1.8 | 7 | -61.8 | 0.8 | -61.8 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
HP Adhesives INFORMATION ON IPO ISSUE
About HP Adhesives
Object of the Issue
2. 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 Adhesives - PROMOTERS
| Name |
|---|
| Anjana Haresh Motwani |
| Karan Haresh Motwani |
HP Adhesives Book Running Lead Managers
UNISTONE CAPITALPRIVATE LIMITED
mb@unistonecapital.com
HP Adhesives Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
ipo@bigshareonline.com
HP Adhesives 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
IPO FAQs
HP Adhesives Ltd. IPO listing opened at Rs 319.00 while the issue price was Rs 274.00 giving 16.42% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 54.80 giving -37.66% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 12.5 crore, of 457,200 shares. It also consists of a fresh issue of Rs 113.4 crore.
The promoters of the company are Anjana Haresh Motwani and Karan Haresh Motwani.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 262.0 - 274.0.
The IPO application opens on Dec 15, 2021 and closes on Dec 17, 2021.
The minimum lot size for the IPO is 50. The maximum lot size for the IPO is 700.
For all category investors, the minimum application amount for this IPO is Rs. 13,700.0, the maximum value for this IPO is Rs 191,800.0.
This IPO will be allotted on Dec 22, 2021.
The refund will be credited to your account on Dec 23, 2021.
The allotted shares will be credited to your demat on Dec 24, 2021.
HP Adhesives Ltd.’s shares listed on the stock exchanges on Dec 27, 2021.