HP Adhesives has officially announced that they are going to issue their shares through HP Adhesives IPO in the share market. They have decided to issue their IPOs on December 15 and will close on December 17, 2021. If you have interested to invest in this company then it is a golden opportunity for you to earn a good amount of profit by buying their shares. If you haven’t decided yet whether it is beneficial to invest in or it. So, Today we are here to give a review regarding company strength, lot size, and respected price.
According to the company, They are going to raise around ₹126 crores through an IPO that comprises a fresh issue of ₹113 crores and offer for sale up to 4,57,200 equity shares with the face value of ₹10 each. The quote for retail investors is 10%, QIB is 75% and HNI is 15%. Let’s have a look at company strength.
HP Adhesives IPO Review & Details
HP Adhesives is a company that is based on adhesives and sealants in India. The company’s main objective is to manufacture solvent cement in India. There is a huge network of companies working under the HP Group.
The product range includes PVA, acrylic and synthetic rubber adhesives, silicon and other sealants, gasket shellac, PVC, and PVC pipe lubricant. They have multiple manufacturing units in Maharashtra.
The company has a strong distribution channel with over 50000 dealers in India, 7 depots, and 750 distributors. Have a look at the HP Adhesives IPO Review & Details that we have mentioned below.
HP Adhesives IPO Date & Price Bands
| 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 | No less than 75% of the Net offer |
| Retail Shares Offered | No more than 10% of the issue |
| NII (HNI) Shares Offered | No more than 15% of the offer |
HP Adhesives IPO Market Lot Size
The HP Adhesives 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 |
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HP Adhesives IPO Date, Time Table, Allotment & Listings
The HP Adhesives 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 Adhesives Company Financial Report
| ₹ in crores | |||
| Income | Expense | Profit After Tax | |
| 2019 | – | – | |
| 2020 | ₹86.83 | ₹80.32 | -₹4.73 |
| 2021 | ₹133.86 | ₹106.19 | ₹10.06 |
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Conclusion
Let’s come to our conclusion as per the financial structure of the company. It is fully priced. The company’s major strength appears that they have a strong distribution channel and a large number of clients in India.
In a simple way, it is the best opportunity for the medium and long-term investors who are looking to invest in the company. So, we hope that it would be enough for understanding company strategy and easy decision-making before investing.
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