Company Highlights

HP Adhesives Limited


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.

Financials Highlights

March 31, 2021
(Rs. in millions)
March 31, 2017
(Rs. in millions)
Total Assets
Total Revenue
Profit After Tax
RoNW (%)

Issue Details

Issue Size (Net)
aggregating up to Rs. 125.96 Cr
Face Value
10 per equity share
Bid Lot
Price Band
Rs. 262 to Rs. 274 per equity share
Issue Opening Date
December 15, 2021
Issue Closing Date
December 17, 2021
Listing On
Bigshare Services Pvt Ltd

Issue Highlights

Fresh Issue
aggregating up to Rs. 113.44 Cr
Offer For Sale
aggregating up to Rs. 12.53 Cr

IPO Tentative Timetable

IPO Open Date
December 15, 2021
IPO Close Date
December 17, 2021
Basis of Allotment Date
December 22, 2021
Initiation of Refunds
December 23, 2021
Credit of Shares to Demat Account
December 24, 2021
IPO Listing Date
December 27, 2021


Prospectus File

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