The adhesives and sealants markets in India were worth \u20b9101 billion in the year 2020. Besides, these markets are expected to grow at CAGRs of 8.5% and 7.0%, respectively, by 2025, resulting in a possible combined value of \u20b9150 billion.<\/p>\n\n\n\n
HP Adhesives recently filed preliminary papers with capital markets regulator SEBI to raise funds through stock sale. The initial public offer (IPO) comprises a fresh issue of 41.40 lakh equity shares and an offer of sale of 4,57,200 equity shares by the promoter, as per the draft red herring prospectus (DRHP).<\/p>\n\n\n\n
Proceeds from the fresh issue would be used for funding working capital requirements of the company and funding capital expenditure for expansion of production capacity at the existing manufacturing facility. The company also plans to add new products to its existing portfolio.<\/p>\n\n\n\n
HP Adhesives is one of India\u2019s multi-product and multi-category consumer adhesives and sealants company. It manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC, and uPVC solvent cement, synthetic rubber, gasket shellac, and PVC pipe lubricant, which are sold across India.<\/p>\n\n\n\n
HP Adhesives also sells ancillary products like ball valves, thread seal, tapes, and FRP products for drainage and architectural solutions. As of June 30, 2021, the distribution network comprised 4 depots and more than 750 distributors who cater to more than 50,000 dealers in the country.<\/p>\n\n\n\n
In the first quarter of 2021, the Mumbai-based company had revenues of \u20b9845.1 million, compared to \u20b91.18 billion in the previous year\u2019s quarter. The company enjoyed profits of \u20b9100.5 million vs. a loss of \u20b948.8 million. Earnings per share were \u20b97.74, compared to a loss per share of \u20b93.64.<\/p>\n\n\n\n
Meanwhile, HP Adhesives has entered into agreements with banks for short-term and long-term borrowings. As of March 31, 2021, its total borrowings were \u20b9422 million. Any failure to comply with these agreements could cause termination of the credit facilities or foreclosure of the company\u2019s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"
The adhesives and sealants markets in India were worth \u20b9101 billion in the year 2020. Besides, these markets are expected to grow at CAGRs of 8.5% and 7.0%, respectively, by 2025, resulting in a possible combined value of \u20b9150 billion. HP Adhesives recently filed preliminary papers with capital markets regulator SEBI to raise funds through […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444],"tags":[2132],"class_list":["post-124454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","tag-manufacturing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126129,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-jesons-industries-files-papers-for-an-initial-public-offering\/","url_meta":{"origin":124454,"position":0},"title":"IPO Alert: Jesons Industries files papers for an initial public offering","author":"Nishad","date":"December 13, 2021","format":false,"excerpt":"The global chemicals market is valued at around $5.02 trillion, with India accounting for around 4% of the market share. The sector is expected to grow at a compound annual rate of 6.2% and reach about $6.7 trillion by 2025. Meanwhile, the global adhesives market is valued at around $47\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":127843,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-aether-industries-files-for-initial-public-offering\/","url_meta":{"origin":124454,"position":1},"title":"IPO Alert: Aether Industries files for initial public offering","author":"Nishad","date":"February 23, 2022","format":false,"excerpt":"The global chemicals market was valued at around $5,027 billion in 2020, with India enjoying a market share of 4% that represents about $186 billion. 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It accounts for 15-17% of the value of the manufacturing sector and\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124111,"url":"https:\/\/alphastreet.com\/india\/ami-organics-files-ipo-worth-%e2%82%b9300-crore\/","url_meta":{"origin":124454,"position":2},"title":"Ami Organics files IPO worth \u20b9300 crore","author":"Nishadkishore","date":"July 6, 2021","format":false,"excerpt":"The pharmaceutical market in India was valued at $59 billion in 2020 and supplies over 50% globally for various vaccines. 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