HP Adhesives IPO - 7 Things to Know

HP Adhesives IPO - 7 Things to Know

by 5paisa Research Team Last Updated: Dec 13, 2022 - 07:06 pm 44.7k Views
Listen icon

HP Adhesives Ltd, a popular manufacturer of adhesives and sealants in India, is coming out with an IPO, which will be a combination of a fresh issue and an offer for sale. Here is the gist of the issue.

Seven interesting facts to know about HP Adhesives Ltd IPO

1) HP Adhesives manufactures a wide variety of consumer adhesives and sealants which can be used for PVC pipes, PVC tanks, synthetic rubber, silicone sealants, acrylic sealants etc. These adhesives and sealants are popularly used to prevent leakages of liquid and semi-liquid material and to prevent wastage.

2) The adhesives and sealants manufactured by HP Adhesives find application in a number of industry groups including plumbing, sanitary works, drainage, water distribution, construction, glazing operations etc. In addition, the sealants and adhesives also find application in footwear, automotive, foam furnishing etc.

3) The HP Adhesives IPO opens on 15-December and closes for subscription on 17-December. The basis of allotment will be finalized on 22-December while the refunds will be initiated on 23-December.

The demat credits to eligible shareholders will happen on 24-December while the actual listing on NSE and BSE will be done on 27-December.

4) The IPO will be a combination of a fresh issue and an offer for sale but the price band for the issue is yet to be finalized. The company proposes to offer 41.40 lakh shares as part of the fresh issue while promoters and early investors will offer 4.57 lakh shares as part of the offer for sale. The total shares on offer would be 45.97 lakh shares in all.

5) In terms of financials, the company reported revenues of Rs.123.88 crore for fiscal year FY21, showing a steady increase in revenues over the last 2 years.

The company made a small profit of Rs.10 crore in FY21, turning around from a net loss in the previous year. The impact of the pandemic on the top line was relatively limited.

6) The fresh funds will be used for working capital needs and for capacity expansion of its Raigad facility. It has a massive network of 750 distributors supplying to 50,000 dealers across India. HP Adhesives sells its products in more than 21 countries across the world.

Some of its strengths include multiple SKUs, diversified adhesives portfolio, presence in global markets and a wide distribution franchise.

7) The HP Adhesives IPO will be lead managed by Unicon Capital Services and the registrar to the issue will be Bigshare Services Private Limited.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in December 2021

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
Stock in Action - CAMS

CAMS Stock movement of Day

Weekly Market Outlook for 15th April to 19th April

The benchmark indices started on a weak note and continued downward during Friday's session, influenced by weak global cues. Both the Nifty50 and BankNifty experienced a sharp decline of almost 1% each after reaching their all-time highs on Wednesday. 

Why Should You Not Break Your Fixed Deposit?

Fixed deposits are the safest option to save money. The premature withdrawal of a fixed deposit means an early debit of your investment or savings before the maturity period. There are certain reasons why to not break FD before maturity as they lead to calamities like penalties, taxes, and lower rates of interest depending upon the conditions laid by the bank.