HP Adhesives Limited IPO will open on 15th December 2021. It’s one of the best adhesives and sealants companies in India. In this article we will do a complete review on HP Adhesives IPO and see if you should subscribe to this issue or not?
List of Topic Covered
Key Features of HP Adhesives IPO
- HP Adhesives IPO will open on 15th Dec 2021
- You can apply in this IPO from 15th Dec 2021 to 17th Dec 2021
- Issue Price band of the company is ₹ 262 – ₹ 274 per equity share.
- This IPO comprises fresh issue of equity shares worth ₹ 113.44 crores and offer for sale (OFS) of 4,57,200 equity shares worth ₹ 12.53 crores by promoters and existing shareholders.
- It has a minimum 50 shares in one lot and you have to spend a minimum ₹13,700 for 1 lot.
- HP Adhesives is looking to raise ₹ 125.96 crores through this IPO.
What is HP Adhesives Limited
- HP Adhesives Ltd. is the flagship company of the HP Group and it’s the largest manufacturer of Solvent Cement in Asia.
- They manufacture products such as solvent cement, silicone sealant, synthetic rubber adhesive, white glue PVA adhesives, acrylic sealant, gasket shellac, drainage solutions etc.
- Company has a distribution network of more than 750 distributors in 23 states and 4 union territories.
- They have a global presence in 40 countries.
- Mr. Karan Motwani is the Managing Director of the company.
- On the revenue front, 2021 is the profitable year for the company.
Grey Market Premium of HP Adhesives IPO GMP
Grey market is an unregulated market to trade ipo shares before listing. HP Adhesives IPO price band is placed at ₹ 262 – ₹ 274 but the grey market premium of this share is currently _ % up i.e. at ₹ . So the share price of HP Adhesives IPO in the grey market is ₹ (274 + _)
HP Adhesives IPO Live Subscription Status
Data comin soon.
HP Adhesives IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 15 December 2021 |
| IPO Close Date | 17 December 2021 |
| Share Allotment Date | 22 December 2021 |
| Refunds Date | 23 December 2021 |
| Credit to Demat Account Date | 24 December 2021 |
| IPO Listing Date | 27 December 2021 |
| Fresh Equity Share Issue | Approx ₹ 113.44 crores (41,40,000 Equity shares) |
| Offer For Sale (OFS) Equity Share | Approx ₹ 12.53 crores (4,57,200 Equity shares) |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 262 – ₹ 274 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 50 Share in 1 Lot |
| Minimum Amount | ₹ 13,700 For 1 Lot |
| Maximum Lot Size | 700 Shares (14 Lot) |
| Maximum Amount | ₹ 1,91,800 (For 14 Lot) |
| Employee Discount | NA |
| DRHP | View |
HP Adhesives IPO Financial Report of 2019,2020 & 2021
Company had recovered losses and came into profit in the year 2021.
| Year | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 123.88 | ₹ 106.09 | ₹ 10.06 |
| 2020 | ₹ 86.83 | ₹ 80.32 | – ₹ 4.73 |
| 2019 | NA | NA | NA |
Retail Investors, QIB & NII quota in HP Adhesives IPO
Data Patterns IPO’s 75% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 10% quota is reserved for retail investors.
How to Apply for HP Adhesives IPO
- You can apply for the HP Adhesives IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for HP Adhesives IPO
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the HP Adhesives IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see HP Adhesives
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the HP Adhesives IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name HP Adhesives
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For HP Adhesives IPO
You can check HP Adhesives IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
HP Adhesives IPO Promoters
- Anjana Haresh Motwani
- Karan Haresh Motwani
HP Adhesives IPO Lead Managers
- Unistone Capital Pvt Ltd
HP Adhesives Limited contact information
HP Adhesives Limited
11, Unique House, Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Maharashtra, India.
- Phone: 022 68196300
- Email: investors@hpadhesives.com
- Website: https://www.hpadhesives.com/
HP Adhesives IPO Registrar Contact Information
Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: http://www.bigshareonline.com
Paisa kaudi recommendation on HP Adhesives
HP Adhesives is the one of the leading manufacturing company in PVC solvent cement category. Price range is good. Can be considered for longer term. Keep checking the GMP and subscription status for more clearance.
I hope this covers all points on HP Adhesives. For any comment or feedback please write in the comment box and we will get back to you immediately.
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