Company Background
HP Adhesives Limited is a manufacturer of a wide range of consumer adhesives and the largest product category is its PVC solvent cement such as PVC, cPVC, uPVC, and PVC pipe lubricants. The company is one into multi-product, multi-category it also has a sealant based products like silicone sealant, rubber adhesive, PVA adhesives, acrylic sealant, gasket shellac, and other sealant types. In addition to this company also look into selling ancillary products like ball valves, thread seals, and different tapes for architectural and drainage solution.
Business Information
The company HP Adhesives has more than 750 depot distributors in 4 places in Delhi, Kolkata, Bengaluru, and Indore, which includes around 50,000 plus dealers across the country. Along with a clocking profit of Rs 10.1 crore which increased the company's revenue to Rs 118.2 crore in the FY21.
Facts about the company
HP adhesive has a wide range of manufacturing and distribution of adhesives and sealants and other general-purpose products at large.
After Pidilite Industries, HP adhesives going to be the second-largest market leader in solvent manufacturing with around 17 per cent of its market share.
The company will expand installed capacities at existing product lines and add products to its portfolio with this fresh issue.
Points to Note before investing in Data Patterns IPO
The company is a role player when it comes to manufacturing and distribution networks at large
It has the best command over the availability of a multipurpose range of products
The objective of the company from this IPO issue is to meet its working capital requirement
Has a diversified product portfolio with a wide range customer base
Established presence in international markets
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 |
Allotment, Listing and Refund Details
Basis of Allotment Date | Dec 22, 2021 |
Initiation of Refunds | Dec 23, 2021 |
A credit of Shares to Demat Account | Dec 24, 2021 |
IPO Listing Date | Dec 27, 2021 |
Also Check: List of Upcoming IPOs in 2021
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