Bookbuilding IPO | ₹126 Cr | Listed at BSE, NSE | Wed, Dec 15, 2021 - Fri, Dec 17, 2021
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 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹13,700 (50 shares) (based on upper price). 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 Open
Wed, Dec 15, 2021
IPO Close
Fri, Dec 17, 2021
Issue Price
₹274 per share
Market Cap (Pre-IPO)
₹503.47 Cr
| IPO Date | 15 to 17 Dec, 2021 |
| Listed on | Mon, Dec 27, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹262 to ₹274 |
| Issue Price | ₹274 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 45,97,200 shares (agg. up to ₹126 Cr) |
| Fresh Issue | 41,40,000 shares (agg. up to ₹113 Cr) |
| Offer for Sale | 4,57,200 shares of ₹10 (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 1,42,34,947 shares |
| Share Holding Post Issue | 1,83,74,947 shares |
| BSE Script Code / NSE Symbol | 543433 / HPAL |
| ISIN | INE0GSL01016 |
HP Adhesives IPO comprises a total issue size of 45,97,200 shares. Out of which, 34,47,900 (75.00%) are allocated to QIB, 6,89,580 (15.00%) allocated to NII 4,59,720 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| 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 |
HP Adhesives IPO raises ₹56.68 crore from anchor investors. HP Adhesives IPO Anchor bid date is December 14, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 14, 2021 |
| Shares Offered | 20,68,700 |
| Anchor Portion (₹ Cr.) | 56.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 21, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 22, 2022 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the Proposed Expansion | 25.51 |
| 2 | Funding the incremental working capital requirements of the Company | 54.00 |
| 3 | General corporate purposes | 17.24 |
The HP Adhesives IPO is subscribed 20.96 times on December 17, 2021 5:00:00 PM (Day 3). The public issue subscribed 81.24 times in the retail category, 1.82 times in the QIB category, and 19.04 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 1.82 | 13,79,200 | 25,13,150 |
| NII | 19.04 | 6,89,580 | 1,31,26,950 |
| Retail | 81.24 | 4,59,720 | 3,73,49,550 |
| Total | 20.96 | 25,28,500 | 5,29,89,650 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting brokerage and selling commission) | 15.66 |
| 2 | Advertising and marketing expenses | 0.12 |
| 3 | Fees payable to the Legal and other Advisors to the Offer | 0.70 |
| 4 | Fees to the Registrar to the Offer | 0.20 |
| 5 | Fees payable to the Regulators including stock exchange | 0.86 |
| 6 | Printing and stationery | 0.10 |
| 7 | Brokerage and selling commission and bidding charges for members of the Syndicate, registered brokers, RTAs and CDPs(1)(2) | 0.17 |
| 8 | Commission/ processing fees to SCSBs and Banker to the Offer and fee payable to the Sponsor Bank for bids made by RIBs using UPI(3)(4) | 0.41 |
| 9 | Miscellaneous | 0.31 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹274.00 | ₹274.00 |
| Open | ₹319.00 | ₹315.00 |
| Low | ₹319.00 | ₹315.00 |
| High | ₹334.95 | ₹330.75 |
| Last Trade | ₹334.95 | ₹330.75 |
Lead Manager Reports
HP Adhesives IPO is a main-board IPO of 45,97,200 equity shares of the face value of ₹10 aggregating up to ₹126 Crores. The issue is priced at ₹274 per share. The minimum order quantity is 50.
The IPO opens on Wed, Dec 15, 2021, and closes on Fri, Dec 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 Wed, Dec 15, 2021 and closes on Fri, Dec 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 Fri, Dec 24, 2021. Check the HP Adhesives IPO allotment status.
The HP Adhesives IPO listing date is on Mon, Dec 27, 2021.
