HP Adhesives Limited IPO

 

HP Adhesives IPO

HP Adhesives is Asia’s leading manufacturer of solvent cement. It is a flagship company of the HP Group and produces an extensive range of adhesives and sealant products besides solvent cement. These include PVA, acrylic and synthetic rubber adhesives, silicone and other sealants, gasket shellac, PVC, and PVC pipe lubricant.

HP Adhesives IPO Objectives

- Address the rising working capital requirement
- Finance existing and planned company expansion
- Fund other corporate requirements

Competitive 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

 

HP Adhesives IPO - Details

According to the DRHP filed with capital markets regulator SEBI, HP Adhesives’ initial public offer will consist of 41.40 lakh freshly issued equity shares. Company promoter, Anjana Haresh Motwani, will offer 4,57,200 equity shares on sale. The company plans to raise around Rs. 125.96 crores with this initial public offer. Here is a table enlisting known details about the probable IPO.

HP Adhesive IPO Details

IPO Opening Date	Dec 15, 2021
IPO Closing Date	Dec 17, 2021
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹262 to ₹274 per equity share
Market Lot	50 Shares
Min Order Quantity	50 Shares
Listing At	BSE, NSE
Issue Size	4,597,200 Eq Shares of ₹10 (aggregating up to ₹125.96 Cr)
Fresh Issue	4,140,000 Eq Shares of ₹10 (aggregating up to ₹113.44 Cr)
Offer for Sale	457,200 Eq Shares of ₹10 (aggregating up to ₹12.53 Cr)
QIB Shares Offered	Not less than 75% of the Net offer
Retail Shares Offered	Not more than 10% of the issue
NII (HNI) Shares Offered	Not more than 15% of the offer

HP Adhesive IPO Tentative Timetable

The HP Adhesive IPO open date is Dec 15, 2021, and the close date is Dec 17, 2021. The issue may list on Dec 27, 2021.

IPO Open Date	Dec 15, 2021
IPO Close Date	Dec 17, 2021
Basis of Allotment Date	Dec 22, 2021
Initiation of Refunds	Dec 23, 2021
Credit of Shares to Demat Account	Dec 24, 2021
IPO Listing Date	Dec 27, 2021

HP Adhesive IPO Lot Size

The HP Adhesive IPO market lot size is 50 shares. A retail-individual investor can apply for up to 14 lots (700 shares or ₹191,800).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	50	₹13,700
Maximum	14	700	₹191,800

How to Apply for  IPO?

You can apply for the IPO in these ways:

Demat Account

If you’re a new investor open demat account for free with Angel One using link https://tinyurl.com/k79bdf4z to begin your investment journey.

UPI

Alternatively, you can apply for IPO through UPI. First, you need to connect your bank account with a preferred UPI platform. Then, link it with your Angel One account. After that, you can use the UPI option present on the Angel One website and app to subscribe to IPO.

Finally, go to the UPI app to book shares for the IPO.