31 Mar 2019
Assets56.72
Total Income87.98
EBITDA8.70
Profit After Tax4.00
NET Worth14.66
Reserves and Surplus1.66
Total Borrowing23.58
At a glance
Updated 2026-09-18The shares listed at ₹315.00, a 14.96% move from the issue price. HP Adhesives is a Mainboard IPO with an issue size of ₹125.96 crore, proposed for listing on BSE, NSE. The offer opens on 15th Dec 2021 and closes on 17th Dec 2021. The issue structure includes a fresh issue of ₹113.44 crore and an offer-for-sale component of ₹12.53 crore. The current listing schedule points to 27th Dec 2021.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹125.96 Cr
Fresh issue₹113.44 Cr
Offer for sale₹12.53 Cr
Face value₹10
Price band₹262.00–₹274.00
Allotment22nd Dec 2021
Listing27th Dec 2021
Listing performance
Full performance ↗Issue price₹274.00
Listing price₹315.00
Current price—
Listing gain14.96%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹80.00
GMP / upper price29.20%
Est. listing₹354.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens15th Dec 2021
Closes17th Dec 2021
Allotment22nd Dec 2021
Refund23rd Dec 2021
Demat24th Dec 2021
Listing27th Dec 2021
Subscription demand
Full bidding ↗Total20.96×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 50 | ₹13,700 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure for the Proposed Expansion | ₹25.51 Cr |
| Funding the incremental working capital requirements of the Company | ₹54.00 Cr |
| General corporate purposes | ₹17.24 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue72.73₹ Cr · -41.3% vs prior year
EBITDA7.34₹ Cr · -58.5% vs prior year
PAT3.10₹ Cr · -69.2% vs prior year
Assets104.91₹ Cr · +16.9% vs prior year
Net Worth37.56₹ Cr · +196.7% vs prior year
Borrowing29.74₹ Cr · -29.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2020
Assets56.81
Total Income97.91
EBITDA6.92
Profit After Tax-4.67
NET Worth2.48
Reserves and Surplus-10.52
Total Borrowing34.61
31 Mar 2021
Assets89.78
Total Income123.88
EBITDA17.69
Profit After Tax10.06
NET Worth12.66
Reserves and Surplus-0.34
Total Borrowing42.20
30 Sep 2021
Assets104.91
Total Income72.73
EBITDA7.34
Profit After Tax3.10
NET Worth37.56
Reserves and Surplus23.33
Total Borrowing29.74
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting brokerage and selling commission) | 15.66 |
| 2 | Advertising and marketing expenses | 0.12 |
| 3 | Fees payable to the Legal and other Advisors to the Offer | 0.7 |
| 4 | Fees to the Registrar to the Offer | 0.2 |
| 5 | Fees payable to the Regulators including stock exchange | 0.86 |
| 6 | Printing and stationery | 0.1 |
| 7 | 1 | 0.17 |
| 8 | 3 | 0.41 |
| 9 | Miscellaneous | 0.31 |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| HP Adhesives IPO | — | 50.00 x | — | — |
| Indigo Paints IPO | — | 130.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to BRLM (including underwriting brokerage and selling commission) | ₹15.66 Cr |
| Advertising and marketing expenses | ₹0.12 Cr |
| Fees payable to the Legal and other Advisors to the Offer | ₹0.70 Cr |
| Fees to the Registrar to the Offer | ₹0.20 Cr |
| Fees payable to the Regulators including stock exchange | ₹0.86 Cr |
| Printing and stationery | ₹0.10 Cr |
| Brokerage and selling commission and bidding charges for members of the Syndicate, registered brokers, RTAs and CDPs(1)(2) | ₹0.17 Cr |
| Commission/ processing fees to SCSBs and Banker to the Offer and fee payable to the Sponsor Bank for bids made by RIBs using UPI(3)(4) | ₹0.41 Cr |
| Miscellaneous | ₹0.31 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Unistone Capital Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-18.
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