Business Standard

HP Adhesives Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

125.96 cr

Price Range (₹)

274

Lot Size

50

Min Investment (₹)

13,700.00

Listing Exchange

MumbaiNSE

Open Date

15-Dec-2021

Close Date

17-Dec-2021

Listing Date

27-Dec-2021

HP Adhesives Ltd News

    The Shares of HP Adhesives Ltd have now been listed.

    HP Adhesives Ltd IPO Details

    Initial public offer of up to 45,97,200* equity shares of face value of Rs. 10 each (Equity Shares) of HP Adhesives Limited (Company) for cash at a price of Rs. 274/- per equity share (including a share premium of Rs. 264/- per equity share) (Offer Price) aggregating up to Rs. 125.96 crore comprising a fresh issuance of up to 41,40,000 equity shares aggregating up to Rs. 113.44 crores by the company (Fresh Issue) and an offer for sale of up to 4,57,200 equity shares aggregating up to Rs. 12.53 crores by Anjana Haresh Motwani (Selling Shareholder) and such equity shares offered by the selling shareholder, the Offered Shares) (such offer by the selling shareholder, the Offer for Sale and together with the fresh issue, the Offer). The offer would constitute 25.02% of the post- offer paid-up equity share capital of the company. *Subject to the finalization of basis of allotment.The face value of equity shares is Rs. 10 each. The offer price is 27.4 times the face value of the equity shares. Bids can be made for a minimum of 50 equity shares and in multiples of 50 equity shares thereafter.

    Objective of issue

    Funding Capital Expenditure for the Proposed Expansion. Funding the Incremental Working Capital Requirements of the Company. General Corporate Purposes.

    HP Adhesives Ltd Contact Details

    HP Adhesives Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investors@hpadhesives.com

    Website - www.hpadhesives.com