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HP Adhesives Limited

HP Adhesives Limited is a manufacturer of adhesives and sealants, producing products such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesives, PVA adhesives, silicone and acrylic sealants, gasket shellac, and PVC pipe lubricants. These products serve multiple industries, including plumbing, sanitation, drainage, water distribution, construction, interior operations, glazing, woodwork, footwear, automotive, and foam furnishing. The company also offers ancillary products like ball valves, thread seals, tapes, and FRP products for drainage and architectural solutions. As of September 30, 2021, HP Adhesives operates a distribution network of four depots in Delhi, Kolkata, Bengaluru, and Indore, with over 750 distributors serving more than 50,000 dealers across India. Its multi-product manufacturing facility is located in Village Narangi, Raigad, Maharashtra, and the company exported its products to 21 countries in FY 2020-21.

₹262 - ₹274Open
Listed Price315.00
Listing Gain+14.96%
TimelineBookbuilding IPO
Open15 Dec 2021
Close17 Dec 2021
Allotment22 Dec 2021
Listing27 Dec 2021

Quota Reservation Portions

QIBPortion: 34,47,900 shares
75%
Nii (hni)Portion: 6,89,580 shares
15%
RetailPortion: 4,59,720 shares
10%

Minimum Application Bracket Matrix

Retail1 lots / 50 shares
₹13,700
sHNI15 lots / 750 shares
₹2,05,500
bHNI73 lots / 3,650 shares
₹10,00,100

About the Company

HP Adhesives Limited is a manufacturer of adhesives and sealants, producing products such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesives, PVA adhesives, silicone and acrylic sealants, gasket shellac, and PVC pipe lubricants. These products serve multiple industries, including plumbing, sanitation, drainage, water distribution, construction, interior operations, glazing, woodwork, footwear, automotive, and foam furnishing. The company also offers ancillary products like ball valves, thread seals, tapes, and FRP products for drainage and architectural solutions. As of September 30, 2021, HP Adhesives operates a distribution network of four depots in Delhi, Kolkata, Bengaluru, and Indore, with over 750 distributors serving more than 50,000 dealers across India. Its multi-product manufacturing facility is located in Village Narangi, Raigad, Maharashtra, and the company exported its products to 21 countries in FY 2020-21.

Company Promoters

Anjana Haresh MotwaniKaran Haresh Motwani