HP Adhesives Ltd

The company was originally formed as a partnership firm under the name of M/s. H.P. International on 01 January 1987.M/s. HP International was thereafter converted into a private limited company HP Adhesives Private Limited on 07 May 2019. Subsequently, the company has been converted into a public limited company and the name of the company changed to HP Adhesives Limited pursuant to a special resolution passed at the ExtraOrdinary General Meeting of our Company held on 23 June 2021 and a fresh Certificate of Incorporation dated 01 July 2021.HP Adhesives is a fastgrowing multiproduct, multicategory consumer adhesives and sealants company.The company is engaged in manufacturing 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.The company also sell ancillary products like ball valves, thread seal and other tapes and FRP products for drainage and architectural solutions.The 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, foamfurnishing and other varied industries. As of 30 June 2021, companys distribution network comprised of 4 depots and more than 750 distributors who cater to more than 50,000 dealers in India. As of 30 June 2021, the company is operating out of its manufacturing facility located at Village Narangi, Raigad (Maharashtra) which is a multi product manufacturing facility.On 08 August 2019,the company has issued and allotted 12990000 equity shares of Rs 10 each at par on rights basis.On 07 May 2021,the company has issued and allotted 1177642 equity shares of Rs 10 each at a premium of Rs 164.50 per share on rights basis.Again on 10 June 2021,the company has issued and allotted 57305 equity shares of Rs 10 each at a premium of Rs 164.50 per share on rights basis.During the month of December 2021,the company came out with an Rs 125.96crore public issue which comprised a fresh issue of Rs 113.44 crore and offer for sale(OFS) of Rs 12.52 crore by the selling shareholders.The IPO shares were allotted at the price of Rs 274 per share including a premium of Rs 264 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 27 December 2021.