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HP Adhesives IPO is a book build issue of ₹125.96 crores. The issue is a combination of fresh issue of 0.41 crore shares aggregating to ₹113.44 crores and offer for sale of 0.05 crore shares aggregating to ₹12.53 crores.
HP Adhesives IPO bidding started from Dec 15, 2021 and ended on Dec 17, 2021. The allotment for HP Adhesives IPO was finalized on Dec 22, 2021. The shares got listed on BSE, NSE on Dec 27, 2021.
HP Adhesives IPO price band is set at ₹274.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹13,100 (50 shares). The lot size investment for sNII is 15 lots (750 shares), amounting to ₹2,05,500, and for bNII, it is 73 lots (3,650 shares), amounting to ₹10,00,100.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to HP Adhesives IPO RHP for detailed Information.
| IPO Date | December 15, 2021 to December 17, 2021 |
| Listing Date | December 27, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹262 to ₹274 per share |
| Issue Price Final | ₹274 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 45,97,200 shares (aggregating up to ₹125.96 Cr) |
| Fresh Issue | 41,40,000 shares (aggregating up to ₹113.44 Cr) |
| Offer for Sale | 4,57,200 shares of ₹10 (aggregating up to ₹12.53 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,42,34,947 shares |
| Share Holding Post Issue | 1,83,74,947 shares |
HP Adhesives IPO offers total 45,97,200 shares. Out of which 34,47,900 (75.00%) allocated to QIB, 13,79,200 (30.00%) allocated to QIB, 6,89,580 (15.00%) allocated to NII, 4,59,720 (10.00%) allocated to RII and 20,68,700 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 34,47,900 (75.00%) | NA |
| − Anchor Investor Shares Offered | 20,68,700 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 13,79,200 (30.00%) | NA |
| NII (HNI) Shares Offered | 6,89,580 (15.00%) | NA |
| Retail Shares Offered | 4,59,720 (10.00%) | 9,194 |
| Total Shares Offered | 45,97,200 (100.00%) |
HP Adhesives IPO raises ₹56.68 crore from anchor investors. HP Adhesives IPO Anchor bid date is December 14, 2021. HP Adhesives IPO Anchor Investors list
| Bid Date | December 14, 2021 |
| Shares Offered | 20,68,700 |
| Anchor Portion Size (In Cr.) | 56.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 21, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 22, 2022 |
HP Adhesives IPO opens on December 15, 2021, and closes on December 17, 2021.
| IPO Open Date | Wed, Dec 15, 2021 |
| IPO Close Date | Fri, Dec 17, 2021 |
| Tentative Allotment | Wed, Dec 22, 2021 |
| Initiation of Refunds | Thu, Dec 23, 2021 |
| Credit of Shares to Demat | Fri, Dec 24, 2021 |
| Tentative Listing Date | Mon, Dec 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 17, 2021 |
Investors can bid for a minimum of 50 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹13,700 |
| Retail (Max) | 14 | 700 | ₹1,91,800 |
| S-HNI (Min) | 15 | 750 | ₹2,05,500 |
| S-HNI (Max) | 72 | 3,600 | ₹9,86,400 |
| B-HNI (Min) | 73 | 3,650 | ₹10,00,100 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
HP Adhesives Limited is an adhesives and sealants company. The company manufactures 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 lubricants. These adhesives and sealant products have applications in multiple industries such as plumbing and sanitary, drainage and water distribution, general-purpose building/ construction, and interior operations as well as for glazing operations, woodwork, footwear, automotive, foam-furnishing, and other varied industries. Apart from the above products, the company also sells ancillary products like ball valves, thread seals, and other tapes and FRP products for drainage and architectural solutions.
As of September 30, 2021, the company has a distribution network of 4 depots situated in Delhi, Kolkata, Bengaluru, and Indore and more than 750 distributors who cater to more than 50,000 dealers in India. The company's manufacturing facility is located at Village Narangi, Raigad (Maharashtra) which is a multi-product manufacturing facility. During the FY 2020-21, the company sold its products in 21 countries.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 1,049.10 | 897.78 | 568.11 | 567.17 | |
| Total Revenue | 727.32 | 1,238.79 | 979.07 | 879.76 | |
| Profit After Tax | 31.02 | 100.59 | - 46.70 | 40.00 | |
[Dilip Davda] Based on the financial data, the prima facie issue is fully priced. It holds promises for better performance and earnings going forward with added capacities and a strong client list. In other words, it is a mini Pidilite in the making. Cash surplus investors may consider investment for the medium to long term rewards. Listing in T group will restrict speculative moves for initial periods. Read detail review...
| Listing Date | December 27, 2021 |
| BSE Script Code | 543433 |
| NSE Symbol | HPAL |
| ISIN | INE0GSL01016 |
| Final Issue Price | ₹274 per share |
| BSE Listing Group | T |
HP Adhesives Ltd.
11, Unique House, Chakala Cross Road,
Andheri East, Mumbai – 400 099,
Maharashtra, India.
Andheri, Maharashtra
Phone: 022 68196300
Email: investors@hpadhesives.com
Website: https://www.hpadhesives.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
HP Adhesives IPO is a main-board IPO of 45,97,200 equity shares of the face value of ₹10 aggregating up to ₹125.96 Crores. The issue is priced at ₹274 per share. The minimum order quantity is 50.
The IPO opens on December 15, 2021, and closes on December 17, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HP Adhesives IPO using UPI as a payment gateway. Zerodha customers can apply in HP Adhesives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HP Adhesives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HP Adhesives IPO opens on December 15, 2021 and closes on December 17, 2021.
HP Adhesives IPO lot size is 50, and the minimum amount required for application is ₹13,700.
You can apply in HP Adhesives IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HP Adhesives IPO will be done on Wednesday, December 22, 2021, and the allotted shares will be credited to your demat account by Friday, December 24, 2021. Check the HP Adhesives IPO allotment status.
The HP Adhesives IPO listing date is on Monday, December 27, 2021.
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