HP Adhesive is India-headquartered adhesives and sealants company. HP Adhesives Ltd. (HPAL) is a fast-growing multi-product, multi-category consumer adhesives and sealants company. For its largest product category - PVC solvent cement, HPAL is amongst the leading manufacturing companies in India in the consumer/ bazaar segment of the adhesive industry.

It 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 lubricant which are sold across India, through an extensive distribution network of distributors, and exported also to several countries, through a network of distributors and direct customers.

This Company has a pan-India distribution network of more than 750 distributors in 23 states and 4 union territories who in-turn cater to more than 50,000 dealers. During the FY 2020-21, the company sold its products in 21 countries.

Objects of the Issue:

• Funding the working capital requirements of the company
• 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.

Company Financials:



HP Adhesive IPO Details



HP Adhesive IPO Tentative Timetable

The HP Adhesive IPO open date is Dec 15, 2021, and the close date is Dec 17, 2021. The issue may list on Dec 27, 2021.



HP Adhesive IPO Lot Size

The HP Adhesive IPO market lot size is 50 shares. A retail-individual investor can apply for up to 14 lots (700 shares or ₹191,800).

How to apply for IPO?

1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.

List of banks that support ASBA. https://www.bsesme.com/static/getlis...x?expandable=0

2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.

Refer to this video to apply for IPO using UPI at Zerodha.