Company Highlights
About the Company
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.
Objective of the Issue
(i) Funding the working capital requirements of the company.
(ii) Funding capital expenditure for expansion of production capacity
at the existing manufacturing facility in Maharashtra and at the additional unit
having a proposed construction area admeasuring about 4,532.57 sq. mtrs.
Business Strategy
(i) Growing company with established brand presence.
(ii) Diversified product portfolio with a diversified customer base.
(iii) Efficient manufacturing set-up with scope for expansion.
(iv) R&D set up for constant product improvement and new product development.
Company Promoters
Anjana Haresh Motwani and Karan Haresh Motwani are the company promoters.