MoneymintMoneymint
    • ABOUT
    • BANK
    • CRYPTO
    • MONEY
    • TIPS
    • DISCLOSURE
      • DMCA
      • Terms and Conditions
      • Privacy Policy
    Subscribe
    MoneymintMoneymint
    Home»Stock Market

    HP Adhesives IPO Subscription status, Allotment date, Share price

    By Nikita SikriUpdated:February 11, 2023
    Share
    Facebook Twitter LinkedIn Pinterest Email

    IPOs play a massive role in growing one’s capital and funds for future expansion and addition to one’s business. HP Adhesives is one of the biggest manufacturers and suppliers of sealants and adhesives-based products to various industries across the globe. In December 2021, the company went public and offered 4,597,200 shares for a subscription. Here is everything you need to know about HP adhesives IPO, HP adhesives IPO subscription status and HP adhesives share price.

    HP Adhesives IPO Subscription status, Allotment date, Share price

    HP Adhesives IPO has created a lot of buzz among investors. The adhesives market can give great returns if you pick your stocks carefully and HP Adhesives is certainly one of those stocks. Let us learn more about the company.

    About HP Adhesives

    HP Adhesives Limited website
    Image by hpadhesives.com

    HP Adhesives Limited manufactures adhesives and sealants. The Motwani family started HP Adhesives in 1978, and it is a crucial component of the HP Group.

    The firm produces a broad variety of consumer adhesives and sealants, including synthetic rubber adhesive, PVA adhesives, PVC, cPVC, and uPVC solvent cement.

    Numerous industries use these adhesives and sealants, including plumbing, drainage and water supply, general building and construction, interior operations, glazing operations, woodwork, automobile, footwear, etc. The firm also provides auxiliary items including ball valves, thread seals, various tapes, and FRP materials for drainage and architecture solutions in addition to the aforementioned goods.

    As of September 30, 2021, the firm served more than 50,000 dealers in India with a distribution network that included 4 facilities in Delhi, Kolkata, Bengaluru, and Indore, as well as more than 750 distributors.

    They have also supplied their products to 21 countries to date. The company’s multi-product production plant is situated in the Village of Narangi in Raigad, Maharashtra. Read on to know about the HP adhesives IPO subscription status.

    HP Adhesives IPO

    JAN23 Stock market graph | HP Adhesives IPO Subscription status

    Between December 15 and December 17, subscriptions for HP Adhesives Ltd. offering were open for subscription. The business went public on the stock market on December 27. The HP adhesives share price range was established at Rs. 262-274 per share. The minimum investment needed to apply for the IPO was Rs. 13,700, or Rs. 274 for 50 shares.

    Anjana Haresh Motwani and other shareholders sold a total of 4,57,200 equity shares through an offer for sale that included a fresh issue of 41,40,000 equity shares. There were 45,97,200 equity shares in the entire issuance. Unistone Capital Private Ltd. is the issue’s book-running lead manager. Anjana Haresh Motwani and Karan Haresh Motwani are the promoters of the issuance.

    Objectives of IPO

    Following are some of the objectives of HP adhesives IPO:

    • They require funding to increase the manufacturing facility’s capability for output. Additionally, to introduce new items to the current product range by extending the existing product lines.
    • To support the company’s need for working capital.

    Given the maximum price range kept at Rs. 274, HP Adhesives Ltd. requested a Price to Sales ratio of 4.26X the earnings in FY21 and a PE ratio of 35.4X. HP Adhesives is significantly discounted in comparison to its rival Pidilite Industries, which traded at a PE of 81.28X the earnings in FY21.

    In terms of advantages, the firm has a broad range of products, a well-known brand, ambitions for future growth, and a dominant position in the adhesives and sealant sector. All of this convinced the market pretty easily, that HP Adhesives is a suitable subscribing option.

    Strengths and Weakness

    Before investing in anything, you should be fully aware of its pros and cons. The same goes for HP Adhesives IPO. We have mentioned some of its strengths and weakness below so you can decide whether to invest in it or not.

    Strengths

    • There are several products from HP Adhesives available that are utilized in a variety of sectors and 21 different nations across the world.
    • Their clientele is diverse.
    • The firm has a productive production setup with room for growth.
    • They have a quality-driven R&D strategy for ongoing product development and improvement.
    • The business has a strong brand reputation and has had a growth surge of 37.5% CAGR over the previous 11 years.
    • Despite the pandemic, the business’s operating revenue increased by 23.75% YoY from FY20 to FY21.
    • With 750 distributors scattered throughout 23 states and 4 union territories, the organization has a very large client distribution network across the nation.

    Weakness

    • The firm will suffer greatly if the recent production facility additions are underutilized and used inefficiently.
    • The business has borrowed a large quantity of money from commercial banks, and if it is unable to pay back its loans, it will have an impact on its financial situation.
    • HP Adhesives does not have long-term agreements with its distributors, and if they are unable to reach new agreements, it will have an impact on the company’s financial situation.

    HP Adhesives Share Price

    It is more than 1 year now that HP Adhesives Ltd. is listed on the stock exchange. The price of the shares has changed quite a lot ever since the listing of the stocks. The current HP adhesives share price is Rs. 342.60. Learn more about the HP adhesives IPO subscription status.

    HP Adhesives IPO Allotment Date

    JAN23 Stock exchange board

    Given below are all the important dates related to HP Adhesives IPO.

    • Date of Bid Opening: December 15, 2021
    • Bid Deadline: December 17, 2021
    • HP adhesives IPO allotment date: Dec 22, 2021
    • Refunds begin on December 23, 2021
    • Credit Date: December 24, 2021
    • Date listed: December 27, 2021

    Also Read: Delhivery IPO Valuation, Date, Share Price

    HP Adhesives IPO Subscription Status

    Here is everything you need to know about the HP adhesives IPO subscription status.

    Listing Exchange BSE / NSE
    Issue Type Book Built Issue
    Lot Size 50
    IPO Price Range INR 262 to INR 274
    IPO size 4,597,200 shares of 10 – worth a total of 125.96 Cr
    Minimum Investment INR 13,700
    Maximum Investment INR 191, 800
    Face Value INR 10/ share
    Fresh Issue 4,140,000 shares of 10 – worth a total of 113.44 Cr
    Offer for Sale 457,200 shares of 10 – worth a total of $12.53 Cr
    Pre-Issue Promoter Share Holding 95%
    Post Issue Promoter Share Holding 71%

    At 5:00 PM on December 17, 2021, there was a total of 20.96 times subscriptions for the HP Adhesives IPO. The public offering received 81.24 times retail subscriptions, 1.82 times QIB subscriptions, and 19.04 times NII subscriptions.

    Date NII QIB Retail Total
    December 15, 2021 0.38x 0.00x 18.57x 3.48x
    December 16, 2021 1.90x 0.34x 40.29x 8.03x
    December 17, 2021 19.04x 1.82x 81.24x 20.96x

    In 2020, India’s market for adhesives and sealants was estimated to be worth Rs. 10,100 Cr. Additionally, by 2025, both markets are projected to grow at a CAGR of 8.5% and 7.0%, respectively, with a potential valuation of Rs. 15,000 Cr. The main products sold by HP Adhesives are silicone-based sealants and PVA and acrylic-based adhesives.

    Over 50% of the adhesives and sealants market in India is accounted for by these goods. The predicted market growth given by the construction, packaging, and furniture industries makes it a good decision to invest in these shares.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Nikita
    Nikita Sikri

    Nikita Sikri is a content creator and marketer who simplifies complex ideas and structures words to make them easy to understand for all audiences. She is a professional writer and editor- currently running a content writing agency, Aim2write, in Gurugram, India.

    Keep Reading

    What do Public Utilities Jobs Pay? Full List of Jobs

    What do Public Utilities Jobs Pay? Full List of Jobs

    Best Weekend Side Jobs to Earn Extra Income

    Best Weekend Side Jobs to Earn Extra Income

    How many Jobs are available in Consumer Services? Full List

    How to Find the History of a Property Online? Full Guide

    How to Find the History of a Property Online? Full Guide

    A Comprehensive Govt ITI Courses List

    A Comprehensive Govt ITI Courses List

    20 Best Paying Jobs in Transportation with Salaries

    Latest Articles
    Bhushan Kumar Net Worth, Income, Property
    March 18, 2023
    What do Public Utilities Jobs Pay? Full List of Jobs
    March 18, 2023
    Ulta Credit Card Payment Process
    March 17, 2023
    Best Weekend Side Jobs to Earn Extra Income
    March 17, 2023
    Sunil Shetty Net Worth, Hotels, Property
    March 16, 2023
    How many Jobs are available in Consumer Services? Full List
    March 16, 2023
    How to Find the History of a Property Online? Full Guide
    March 15, 2023
    A Comprehensive Govt ITI Courses List
    March 15, 2023
    Chiranjeevi Net Worth, Salary, House Price
    March 14, 2023
    20 Best Paying Jobs in Transportation with Salaries
    March 14, 2023

    Subscribe to Moneymint

    Every Sunday we email people like you with top tips, insights and opportunities to manage your finances and build your online business.

    The form collects name and email so that we can add you to our newsletter list for updates. Check out our privacy policy
    Please enter a valid email address
    That address is already in use
    The security code entered was incorrect
    Thanks for signing up
    Moneymint
    Moneymint is a personal finance website that offers a variety of resources and tools to help individuals earn money online, save money, and create passive income streams. The site aims to empower users to take control of their finances and achieve their financial goals.

    Moneymint™ | Corporate Park, D-21, Sector 21, Dwarka, Delhi 110077
    Categories
    • Bank
    • Business
    • Credit Cards
    • Crypto
    • Loan
    • Money
    • Net Worth
    DISCLAIMER

    The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on our site may differ from actual numbers. See our Privacy Policy & Disclaimer for more details.

    © 2023 Framed Media
    • About
    • Contact us
    • DMCA
    • Terms
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.