HP Adhesives Limited IPO GMP, Lot Size, Allotment Date

HP Adhesives Limited IPO GMP, lot size, award date are discussed here. HP Adhesives Limited makes adhesives and sealants. PVC, cPVC, and uPVC solvent adhesives, synthetic rubber adhesives, PVA adhesives, silicone sealants, acrylic sealants, shellac for joints, other PVC pipe sealants, and lubricants are just some of the consumer adhesives and sealants made by the company.

HP Adhesives Limited IPO GMP 

Plumbers and sanitary, drainage and water distribution, general construction and interior work as well as glazing companies, woodworking, shoes, automotive, foam furniture, and various other industries use these adhesive and sealant solutions.

Above, the company also offers additional items such as ball valves, thread seals, and various GRP tapes and materials for drainage and architectural solutions.

HP Adhesives Limited Initial Public Offering (IPO) HP Adhesives Initial Public Offering (IPO) will take place on December 15, 2021.

You can apply for this IPO from December 15, 2021, to December 17, 2021. The company’s price range for issuing shares is 262-274 per share. 

About  HP Adhesives Ltd.

HP Adhesives Limited is an adhesives and sealants company.

The company produces a wide range of adhesives and sealants for consumers such as solvent cement for PVC, cPVC, and uPVC, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, shellac for joints, other sealants, and lubricants for PVC pipes.

These adhesives and sealants have applications in many industries such as plumbing and healthcare, drainage and water supply, general-purpose building/construction and interior operations, as well as enameling, woodworking, shoe operations. , automotive, foam furniture, and other miscellaneous industries.

In addition to the above products, the company also sells ancillary products such as ball valves, threaded joints, and other FRP tapes and products for architectural and drainage solutions. 

HP Adhesives Limited IPO
HP Adhesives Limited IPO

As of September 2021, the company has a sales network of 4 warehouses in Delhi, Kolkata, Bengaluru, and Indore, as well as over 750 sales partners serving more than 50,000 sales partners in India.

The company’s manufacturing facility is located in Village Narangi, Raigad, Maharashtra, a multi-product manufacturing facility. In the 202021 financial years, the company sold its products in 21 countries. 

Proceeds from the new offering will be used to meet working capital requirements and increase production capacity at the company’s current manufacturing facility in Maharashtra and a location nearby.

The company will also use the proceeds from the new issue to increase the installed capacity of existing product lines and add new products to its current portfolio. 

Competitive strengths

  • Growing company with established brand presence
  • Broad product portfolio and several SKUs
  • Diversified product portfolio with a diversified customer base
  • Broad sales network in India
  • Established presence in international markets
  • Big players as customers
  • Efficient production with expandability
  • Focus on quality setup
  • for constant product improvement and development of new products
  • Experienced management team with a dedicated workforce 

 IPO today

This initial public offering consists of a new issue of shares valued at Rs 113.44 crores and an OFS offering of 4,57,200 shares valued at Rs 12.53 crore by promoters and current shareholders.

A minimum of 50 shares and must be purchased for $ 13,700. HP Adhesives expects a total income of 125.96 million rupees through this IPO.

Market Advantage: A Growing Company with a Recognized Brand Multiple SKUs and a Diverse Product Line With a diverse consumer base, the product choices are diverse.

There is an extensive distribution network throughout India. International markets are well represented. 

The stock price for 2021

Customers on a large budget Efficient manufacturing facility with growth potential Prioritizing excellence RandD will continuously improve and develop new products Dedicated employees and an experienced management team Topic: Financing the company’s working capital needs

Investments to expand production capacity in an existing manufacturing facility in Maharashtra and a new unit with a planned footprint of 4,532.57 square meters. HP Adhesives Limited is an adhesive company. 

IPO Allotment Date 2021

Solvent Adhesive, Silicone Sealant, Synthetic Rubber Adhesive, White Glue PVA Adhesive, Acrylic Sealant, Grout Shellac, Drainage Solutions, and other items are among their products.

More than 750 wholesalers in 23 states and four union territories form the company’s sales network and are active in 40 countries worldwide.

The organization’s managing director is Karan Motwani, and in terms of sales, the company expects to break even in 2021. 

How To Participate In IPO?

  • You can use the ASBA function in your bank account to apply for HP’s first public adhesive offer.
  • Go to your online bank account and log in. Ask about the IPO of HP Adhesives in the IPO section.
  • You can also apply for this IPO with your business account.
  • Another way to apply for this IPO is to use the forms available on the NSE and BSE websites that you can download.
  • Fill out the forms completely and send them to the relevant banks or brokers after downloading. 

How to register for HP Adhesive’s initial public offering via Zerodha

  1. Use the PC or application to access your Zerodha console.
  2. Then choose IPO from your portfolio.
  3. HP adhesives are found.
  4. Next, hit Enter on the bid button.
  5. Then fill in your UPI ID, prices, and quantity (lot size).
  6. Submit the form.
  7. Finally, you need to authorize the command by going to your UPI application. 

The step-wise procedure to apply for HP Adhesives IPO through Upstox

  1. Use your laptop or mobile device to access your Upstox account.
  2. HP adhesives are mentioned.
  3. Then press the button to place your bid.
  4. Submit the form.
  5. Finally, you need to authorize the command by going to your UPI application. 

 Here we have provided all the details regarding HP Adhesives Limited IPO GMP, Lot Size, Allotment Date and etc, for any more information you can mention your queries in the comments.

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