HP Adhesives’ IPO to open on December 15; Here’s everything you need to know

HP Adhesives IPO Date

On December 15, HP Adhesives, a household sealants firm with a wide range of products and categories, will begin its initial public offering, which will run through December 17, 2021.

HP Adhesives IPO Details

The proceeds from the new issue would be used to meet working capital needs and expand production capacity at the existing manufacturing facility in Maharashtra, as well as the neighbouring unit. Through new issue money, the company will also extend existing installed capacity for existing product lines and add new products to its existing product portfolio.

HP Adhesives is a significant manufacturer in India in the consumer/ market area of the adhesive industry, with its largest product category being PVC solvent cement.

Further Key Takeaways

On a case-by-case basis, the company also produces products for a few significant PVC pipe manufacturers under co-branding or private label. Its adhesives and sealants are utilized in a variety of industries, including plumbing and sanitary, drainage and water distribution, general purpose building/construction and interior operations, as well as glazing, woodwork, footwear, automotive, foam-furnishing, and other diverse industries.

In the fiscal year FY21, HP Adhesives made a profit of Rs 10.06 crore, compared to a loss of Rs 4.67 crore the previous year, while revenue climbed to Rs 118.16 crore from Rs 95.47 crore.

The profit for the six-month period ended September 2021 increased to Rs 3.1 crore, up from Rs 2.93 crore in the previous year. Revenue increased to Rs 70.51 crore from Rs 44.92 crore over the same time. The offer’s book running lead manager is Unistone Capital, and the registrar is Bigshare Services.

Company Brief

HP Adhesives Limited is a producer of sealants and adhesives. PVC, cPVC, and uPVC solvents cementing, rubber products adhesive, PVA adhesives, silicone adhesive, acrylics sealant, gasket shellac, various sealants, and PVC pipe lubricants are among the products produced by the company. Irrigation and sanitation, draining and water transmission, overall construction, and indoor processes, as well as optical processes, woodworking, apparel, automobile, foam-furnishing, and other diverse sectors, use these adhesives and sealing solutions.

HP Adhesives IPO – Competitive Advantages

– Growing business with a well-known brand

– Multiple SKUs and a large product portfolio

– With a diverse customer base comes a diverse product offering.

– In India, they have a large distribution network.

– International presence is well-established.

– Manufacturing setup that is both efficient and expandable

– Quality R&D is prioritized in order to ensure continuous product improvement and new product development.

– An experienced management team with a loyal workforce

 

Frequently Asked Questions (FAQs)

Q1. When will the HP Adhesives IPO begin?

The IPO will be offered to QIB, NII, and Retail investors on December 15, 2021.

Q2. What is the IPO Allotment Date for HP Adhesives?

The IPO date for HP Adhesives is December 22, 2021.

Q3. When will HP Adhesives be listed?

The IPO listing date for HP Adhesives is December 27, 2021. The IPO will be listed on the BSE and NSE.

Q4. What is the IPO Investors’ Portion of HP Adhesives?

Investors account for 75% of QIB, 15% of NII, and 10% of Retail.

Q5. How do I apply for the HP Adhesives IPO?

You can apply for HP Adhesives IPO online through ASBA using your bank account. You can also apply for ASBA through your stockbroker using UPI. You can also apply by filling out an offline form and submitting it to your stockbroker.