Ticker > IPO > New Listed IPO > HP Adhesives Ltd.

HP Adhesives Ltd. IPO

It is a fast-growing multi-product, multi-category consumer adhesives and sealants company. They also manufacture for select large PVC pipe manufacturing companies under co-branding or private label on order basis.

RHP
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DRHP
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Open Date

2021-12-15

Close Date

2021-12-17

IPO Details

Check out the issue details for HP Adhesives Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 274

Price Band

₹ 262 - 274

Issue Size

125.96 Cr.

Issue Type

Book Built

Open

2021-12-15

Close

2021-12-17

Listingprice

₹ 315

ListingGain

14.96%

Listing Date

2021-12-27

CMP

₹ 104.45

Current Return

-61.88%

News

HP Adhesives incorporates wholly owned subsidiary12 Apr, 3:44PM HP Adhesives informs about disclosures22 Mar, 1:06PM HP Adhesives - Quaterly Results7 Feb, 7:58PM HP Adhesives - Quaterly Results7 Feb, 7:58PM HP Adhesives informs about compliance certificate17 Jan, 5:05PM HP Adhesives informs about record date5 Oct, 4:35PM HP Adhesives informs about credit rating 5 Oct, 12:32PM HP Adhesives informs about analyst meet 16 Aug, 5:23PM HP Adhesives - Quaterly Results10 Aug, 3:02PM HP Adhesives - Quaterly Results10 Aug, 3:02PM HP Adhesives - Quaterly Results10 Aug, 3:02PM HP Adhesives informs about board meeting5 Aug, 12:41PM HP Adhesives informs about outcome of board meeting 12 May, 4:53PM HP Adhesives - Quaterly Results12 May, 3:44PM HP Adhesives - Quaterly Results12 May, 3:44PM HP Adhesives - Quaterly Results12 May, 3:44PM HP Adhesives - Quaterly Results11 Feb, 4:09PM HP Adhesives - Quaterly Results11 Feb, 4:09PM HP Adhesives - Quaterly Results11 Feb, 4:09PM HP Adhesives - Quaterly Results11 Nov, 8:41PM

Company Financials

You can get the following financial statements of HP Adhesives Ltd. as of now.

Company Name

HP Adhesives Ltd.

Exchange

NSE: HPAL BSE: 543433

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the HP Adhesive IPO is as:

  • The issue size of the IPO is 125.96 Cr.
  • The price band ranges from Rs 262 to Rs 274.
  • The shares of HP Adhesive ltd will list on 27th December 2021.
  • The latest tentative GMP of HP Adhesive IPO is Rs _.
  • The shares of HP Adhesive is subscribed 20.96 Times as of 17th December 2021.

 

HP Adhesive IPO Valuation

The approx valuation of HP Adhesive IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 274
Existing Shares (Qty) 1.42 Cr
Fresh Issue 113.44  Cr
Market Cap 502.5 Cr
EPS (FY21) Rs 7.74
PE Ratio 81x

 

HP Adhesive IPO Issue Size

HP Adhesive IPO issue details:

Issue Amount
Fresh Issue 113.44 Cr
Offer For Sale 12.53 Cr

 

HP Adhesive IPO Market Lot

An Individual can apply for a minimum 1 lot of 50 shares and a maximum of 14 lots of 700 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 50 Rs 13,700
 Maximum 14 700 Rs 1,91,800

 

HP Adhesive IPO Share Offer

The shares of HP Adhesive is subscribed 20.96 Times as of 17th December 2021. The category-wise share subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 1.82 Times
Non-Institutional Maximum 15% 19.04 Times
Retail Individual Maximum 10% 81.24 Times
Total   20.96 Times

 

HP Adhesive IPO Grey Market Premium

As on GMP (Tentative)
14 December 2021 Rs _
15 December 2021 Rs _
16 December 2021 Rs _

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for HP Adhesive IPO:

Schedule Date
Basis of Allotment 22 December 2021
Refunds 23 December 2021
Credit to Demat Account 24 December 2021
IPO Listing Date 27 December 2021

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 84.51 118.16 164.6 233
Total Expenditure 80.32 106.19 153.99 214.43
Operating Profit 4.19 11.97 10.6 18.56
Other Income 2.32 5.72 3.52 3.37
Interest 2.6 2.55 3.13 2.29
Depreciation 1.9 1.9 2.84 3.24
Exceptional Items -7.44 0 0 -1.38
Profit Before Tax -5.42 13.23 8.15 15.03
Provision for Tax -0.69 3.17 2.15 4.18
Net Profit -4.73 10.06 6.01 10.86
Adjusted EPS (Rs.) -0.07 0.15 0.07 0.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 13 13 18.37 18.37
Total Reserves -10.52 -0.34 118.96 129.91
Borrowings 0.78 8.55 4.29 2.66
Other N/C liabilities -0.68 -0.38 3.53 3.04
Current liabilities 51.8 67.24 48.97 30.15
Total Liabilities 54.38 88.06 194.13 184.14
Assets
Net Block 10.8 19.21 25.69 38.75
Capital WIP 1.2 6.52 17.54 17.26
Intangible WIP 0 0 0 0
Investments 0 0 0 0
Loans & Advances 0.89 0.56 2.24 2.04
Other N/C Assets 0.16 0 14.32 29.41
Current Assets 41.34 61.77 134.34 96.68
Total Assets 54.38 88.06 194.13 184.14
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 0.4 0.59 0.98 0.81 0.62
Profit Before Tax 3.98 6.27 5.86 7.09 7.11
Tax 0.88 2.4 1.35 1.85 1.9
Profit After Tax 3.1 3.87 4.51 5.24 5.2
Adjusted EPS (Rs) 0.34 0.42 0.49 0.11 0.57

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 71.35 0
Dec 2023 71.35 0
Sep 2023 71.35 0
Jun 2023 71.35 0
Mar 2023 71.35 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -5.42 13.23 8.15 15.03
Adjustment 4.49 4.46 3.5 4.87
Changes in Assets & Liabilities 1.73 -4.08 -19.63 -20.26
Tax Paid -0.15 -2.35 -2.23 -3.31
Operating Cash Flow 0.65 11.26 -10.21 -5.05
Investing Cash Flow -5.08 -16.23 -66.81 7.54
Financing Cash Flow 3.84 5.04 86.41 -12.32
Net Cash Flow -0.59 0.07 9.38 -9.83
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