HP Adhesives Ltd. is an adhesives and sealants company. It manufactures a wide range of consumer adhesives and sealants that 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 is amongst the leading manufacturing companies in India in the consumer segment of the adhesive industry and also exports its products to several countries, through a network of distributors and direct customers.
As of September 30, 2021, their distribution network comprised 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 public offer includes a fresh issue of 41.4 lakh equity shares and an offer for sale of 4.57 lakh shares from the selling shareholders.
Financial Snapshot:
| Financial Year Ended | Revenue (₹ Crores) | PAT (₹ Crores) | EPS (₹) |
|---|---|---|---|
| March 2019 | 87.97 | 4.0 | 3.08 |
| March 2020 | 97.90 | - 4.67 | - 3.59 |
| March 2021 | 123.87 | 10.05 | 7.74 |
| Six months ended Sept 2021 | 72.73 | 3.1 | 2.22 |
For more information, you can check out the IPO Prospectus filed by the company.
IPO Schedule:
| Issue Period | 15th December to 17th December |
|---|---|
| Price Range | ₹ 262 to 274 per share |
| Minimum Bid Quantity | 50 and in multiples thereof |
| Finalization of Allotment | 22nd December 2021 |
| Initiation of Refunds | 23rd December 2021 |
| Credit of Shares | 24th December 2021 |
| Date of Listing | 27th December 2021 |
| Mandate end date | 2nd January 2022 |
How do I apply to the HP Adhesives Limited IPO?
You can apply for the HP Adhesives Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for HP Adhesives Limited IPO?
You can check the allotment status for the HP Adhesives Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.