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HP Adhesive's IPO - All You Need to Know


HP Adhesives' Initial Public Offering (IPO) began on December 15th,  Through its IPO, the company hopes to raise Rs 126 crore. Investors have until December 17 to subscribe to the three-day issuance.


The business has received bids for 40,71,450 shares out of the 25,28,500 shares on sale.

HP Adhesives' stock are in the price band of of Rs 262-274 per share. Investors can bid for a minimum of 50 shares and then in multiples of 50.


The IPO of the consumer adhesives and sealants firm includes an offer for sale of 4.57 lakh shares by promoter Anjana Haresh Motwani, as well as a new issue of 41.4 lakh equity shares. Prior to its IPO, the business was able to secure Rs 56.68 crore from anchor investors.


The proceeds from the IPO will be utilised to supplement HP Adhesives' working capital and expand its operations.


The firm is one of the largest manufacturers in the consumer section of the adhesive industry's PVC solvent cement category. cPVC, uPVC solvent cement, PVC, PVA adhesives, silicone sealant, gasket shellac, PVC pipe lubricant, acrylic sealant, synthetic rubber glue, and other sealants are all available from HP Adhesives across the United States.


HP Adhesives operates a multi-product production plant in the Jawaharlal Nehru Port Trust (JNPT) in Maharashtra's Raigad district, near Narangi. It sold items in 21 countries during the fiscal year, including the United Kingdom, the United States, Bangladesh, Greece, Kuwait, Iraq, Mauritius, Bahrain, and Ghana.



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