HP Adhesive IPO details (15 – 17 Dec), (Price: 262 to 274)
Listing date and Listing Price of HP Adhesive IPO:
- HP Adhesive IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of HP Adhesive IPO on NSE – Click Here
- Listing Price of HP Adhesive IPO on BSE – Click Here
Grey Market premium (GMP) price of HP Adhesive IPO:
Grey Market premium (GMP) price of HP Adhesive IPO is Rs. __. Grey Market premium (GMP) of HP Adhesive IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. (Source : ipowatch.in) Check latest GMP of all IPOs.
HP Adhesive IPO Allotment link status on Bigshare:
Check the allotment status of HP Adhesive IPO on these three links given by Bigshare.
- HP Adhesive IPO Allotment Link 1 – https://ipo.bigshareonline.com/IPO_Status.html
- HP Adhesive IPO Allotment Link 2 – https://ipo1.bigshareonline.com/IPO_Status.html
- HP Adhesive IPO Allotment Link 3 – https://ipo2.bigshareonline.com/IPO_Status.html
HP Adhesive IPO Allotment link status on Bigshare can be checked by Application No or DPID / Client ID or PAN.
HP Adhesive IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Total No. of times applied|
|No. of shares offered||13,79,200||6,89,580||4,59,720||25,28,500|
HP Adhesive IPO highlights:
|HP Adhesive IPO bid Opens on||15 Dec 2021|
|HP Adhesive IPO bid Closes on||17 Dec 2021|
|Post issue Modification Period||18-Dec-2021 (10.00 – 11.00 am)|
|Cut-off time for UPI Mandate Confirmation||19-Dec-2021 (upto 12:00 PM)|
|Issue type||100% Book Building|
|HP Adhesive IPO issue size||₹ 125.96 Cr|
|Face value of each equity share||Rs. 10|
|HP Adhesive IPO Price band||Rs. 262 to Rs. 274 per share|
|HP Adhesive IPO market lot||50 shares and multiples of 50|
|HP Adhesive IPO minimum order quantity||50 equity shares|
|Pre IPO equity share of promoters of HP Adhesive||__ %|
|Post IPO paid-up equity share of promoters of HP Adhesive||___%|
|QIB portion reservation in HP Adhesive IPO||75 %|
|NIB portion reservation in HP Adhesive IPO||15 %|
|Retail portion reservation in HP Adhesive IPO||10 %|
|Retail individual bidder can apply in HP Adhesive IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in HP Adhesive IPO||NA|
|Employees can apply in HP Adhesive IPO||up to 5 lakh (500,000)|
|Employees Reservation in HP Adhesive IPO||NA|
|Employees Discount in HP Adhesive IPO||₹__ per equity share|
|Listing of HP Adhesive at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of HP Adhesive||NA|
|Registrar of HP Adhesive IPO issue||Bigshare Services Private Ltd.|
HP Adhesive IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of HP Adhesive IPO are mentioned below.
|HP Adhesive IPO opens on||15.12.2021|
|HP Adhesive IPO Closes on||17.12.2021|
|Allotment basis date of HP Adhesive IPO||22.12.2021|
|Money refund date of HP Adhesive IPO||23.12.2021|
|Shares of HP Adhesive in Demat Account||24.12.2021|
|HP Adhesive IPO listing date on NSE, BSE||27.12.2021|
How much shares of HP Adhesive IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 125.96 Crore|
|Fresh Issue size||–||₹ 113.44 Crore|
|Offer for Sale (OFS)||–||₹ 12.53 Crore|
HP Adhesive financial statements details:
|(₹ million)||(₹ million)||(₹ million)|
|Profit After Tax||100.59||– 46.70||40.00|
IPO Red Herring Prospectus (RHP) of HP Adhesive:
Objectives of the HP Adhesive IPO Issue: (Source – RHP)
The Fresh Issue Requirement of Funds
The proceeds from the Fresh Issue less our Company’s share of the Offer related expenses, is estimated to be ₹ [●] Lakhs (the “Net Proceeds”). Our Company proposes to utilize the Net Proceeds towards funding of the following objects: 1. Funding the working capital requirements of our Company. 2. Funding capital expenditure for expansion of production capacity at the existing manufacturing facility at Village Narangi, Raigad, Maharashtra and at the additional unit having a proposed construction area admeasuring about 4,532.57 sq. mtrs. (built-up) area on the adjacent plot (“Proposed Expansion”): · to expand our existing installed capacities for the existing product lines; and · to enable us to also add new products to our existing product portfolio. 3. General corporate purposes.
Business of HP Adhesive: (Source – RHP)
We are a fast-growing multi-product, multi-category consumer adhesives and sealants company. For our largest product category – PVC solvent cement, we are amongst the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry. (Source: CRISIL Research).
We manufacture a wide range of consumer adhesives and sealants such as PVC, cPVC and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants and PVC pipe lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through network of distributors and direct customers.
We also manufacture these products for select large PVC pipe manufacturing companies under co-branding or private label on order basis. Apart from the above products, we also sell ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions that are distributed along with our products to the endcustomers through our distribution network.
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