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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the HP Adhesives Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹274
Per ShareLot Size
50 Shares
Minimum Investment
₹13,700
Issue Size
₹120.45 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
95.31%
Promoter Holding (Post-Issue)
71.35%
Issue Type
Book Building
ISIN
INE0GSL01024
HP Adhesives Limited is a fast-growing multi-product, multi-category consumer adhesives and sealants company. The Company manufactures a wide range of consumer adhesives and sealants products 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. It also manufactures these products for select third-parties on order basis. Apart from the above products, it also provides ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions that are distributed along with its products to the end- customers through its distribution network.
The domestic adhesives and sealants market is broadly categorised into 1) industrial and 2) consumer and bazaar adhesives. The industrial segment caters to B2B industries such as packaging, footwear, paints, automotive, etc. The retail segment caters to industries such as furniture/woodwork, building construction, arts and craft, electrical fittings, etc. PVC adhesives, also known as PVC solvent cement are adhesives, which are used for joining PVC pipes. The process is similar to welding, since it melts two pieces of PVC pipes into a single piece. A PVC adhesive consists of PVC resin, a solvent, and methyl ethyl ketone - which breaks the top layer of the pipes and fittings to be joined together. The single largest application of PVC adhesives is in the PVC pipes industry, where it is widely used to join pipes.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of up to 45,97,200* equity shares of face value of Rs. 10 each ("Equity Shares") of HP Adhesives Limited ("Company") for cash at a price of Rs. 274/- per equity share (including a share premium of Rs. 264/- per equity share) ("Offer Price") aggregating up to Rs. 125.96 crore comprising a fresh issuance of up to 41,40,000 equity shares aggregating up to Rs. 113.44 crores by the company ("Fresh Issue") and an offer for sale of up to 4,57,200 equity shares aggregating up to Rs. 12.53 crores by Anjana Haresh Motwani ("Selling Shareholder") and such equity shares offered by the selling shareholder, the "Offered Shares") (such offer by the selling shareholder, the "Offer for Sale" and together with the fresh issue, the "Offer"). The offer would constitute 25.02% of the post- offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment. The face value of equity shares is Rs. 10 each. The offer price is 27.4 times the face value of the equity shares. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
HP Adhesives Limited was originally formed as a partnership firm under the name and style of "M/s. H.P. International" pursuant to a deed of partnership dated January 01, 1987. M/s. HP International was thereafter converted into a private limited company "HP Adhesives Private Limited" on May 07, 2019, pursuant to the provisions of Chapter XXI of the Companies Act. Subsequently, the Company has been converted into a public limited company and the name of the Company changed to "HP Adhesives Limited" pursuant to a special resolution passed at the Extra-Ordinary General Meeting of the Company held on June 23, 2021 and a fresh Certificate of Incorporation dated July 01, 2021 issued by the RoC.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.