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Open
15 Dec 2021
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Close
17 Dec 2021
3
Allotment
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Listing
Mon, Dec 27, 2021
Price Band
₹262 to ₹274
Issue Size
45,97,200 shares (agg. up to ₹126 Cr)
Lot Size
50 Shares
Listing Date
Mon, Dec 27, 2021
Latest GMP
₹80
Est. Gain
29.2%
✦ AI Insight
GMP Trend
27-12-2021₹80Est. ₹354+29.2%
26-12-2021₹90Est. ₹364+32.85%
25-12-2021₹90Est. ₹364+32.85%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 8.45x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 104.91 | 89.78 | 56.81 | 56.72 |
| Total Income | 72.73 | 123.88 | 97.91 | 87.98 |
| Profit After Tax | 3.10 | 10.06 | -4.67 | 4.00 |
| EBITDA | 7.34 | 17.69 | 6.92 | 8.70 |
| NET Worth | 37.56 | 12.66 | 2.48 | 14.66 |
| Reserves and Surplus | 23.33 | -0.34 | -10.52 | 1.66 |
| Total Borrowing | 29.74 | 42.20 | 34.61 | 23.58 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tatva Chintan Pharma Chem Ltd. | Mainboard | ₹500.00 Cr | ₹1083 | null | ₹2,312.20 | +113.50% | ₹1,428.10 (+0.85%) |
| Clean Science & Technology Ltd. | Mainboard | ₹1,546.62 Cr | ₹900 | null | ₹1,585.25 | +76.14% | ₹744.40 (-3.21%) |
| Laxmi Organic Industries Ltd. | Mainboard | ₹600.00 Cr | ₹130 | null | ₹164.45 | +26.50% | ₹171.76 (+0.56%) |
| Anupam Rasayan India Ltd. | Mainboard | ₹760.00 Cr | ₹555 | null | ₹526.80 | -5.08% | ₹1,267.50 (-0.11%) |
Objects of the Issue
| # | 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 |
About HP Adhesives IPO
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 pro
Contact Details
HP Adhesives Ltd. Address11, Unique House, Chakala Cross RoadAndheri EastMumbai, Maharashtra, 400099022 68196300investors@hpadhesives.comVisit Website