100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

HP Adhesives Limited IPO Analysis

HP Adhesives IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 125.96 Cr. The company is based in Mumbai and caters to Chemical - Paint And Adhesives sector. Unistone Capital is the merchant banker of HP Adhesives IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 18th July 2021.

HP Adhesives IPO posted revenues of ₹ 145.46 crores and PAT of ₹ 6.20 crores in FY22 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 141.04 Cr.
            EBITDA: ₹ 14.68 Cr.
            PAT: ₹ 6.20 Cr.
  • EBITDA Margin: 10.41 %
            Pat Margin: 4.40 %
  • Net Worth: ₹ 37.56 Cr.
  • Market Capitalisation: [●]
  • P/E: 50.00 times
  • P/BV: [●]
  • EV/EBITDA: 1.81 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

HP Adhesives IPO Financial Performance (Restated)

Financial results of HP Adhesives IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Sep-21 FY21 FY20 FY19
Balance Sheet
Assets 104.91 61.16 89.78 56.81
Net Worth 37.56 5.60 12.66 2.48
Total Debt 27.31 28.93 31.39 34.06
Profit & Loss
Revenue
Revenue on annualised basis
70.52
141.04
44.93 118.16 95.48
EBITDA
EBITDA on annualised basis
7.34
14.68
6.07 17.69 6.92
PAT
PAT on annualised basis
3.10
6.20
2.93 10.06 -4.67
Financials
30-Sep-21
FY21
FY20
FY19
Balance Sheet
Assets
104.91
61.16
89.78
56.81

Net Worth
37.56
5.60
12.66
2.48

Total Debt
27.31
28.93
31.39
34.06

Profit & Loss
Revenue
Revenue on annualised basis
70.52
141.04
44.93
118.16
95.48

EBITDA
EBITDA on annualised basis
7.34
14.68
6.07
17.69
6.92

PAT
PAT on annualised basis
3.10
6.20
2.93
10.06
-4.67

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

HP Adhesives IPO Key performance Indicators (KPI)

HP Adhesives IPO PAT Margin is 4.40 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows HP Adhesives IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Sep-21 FY21 FY20 FY19
EBITDA Margin (%) 10.41 13.51 14.97 7.25
PAT Margin (%) 4.40 6.52 8.51 -4.89
EPS (₹) 2.22 2.26 7.74 -3.59
ROE (%) 8.25 52.32 79.46 -188.31
ROCE (%) [●] [●] [●] [●]
ROA (%) 2.95 4.79 11.21 -8.22
Debt to Equity 0.73 5.17 2.48 13.73
Particulars
30-Sep-21
FY21
FY20
FY19

EBITDA Margin (%)
10.41
13.51
14.97
7.25

PAT Margin (%)
4.40
6.52
8.51
-4.89

EPS (₹)
2.22
2.26
7.74
-3.59

ROE (%)
8.25
52.32
79.46
-188.31

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
2.95
4.79
11.21
-8.22

Debt to Equity (x)  
0.73
5.17
2.48
13.73

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

HP Adhesives IPO Valuation Metrics

The market Capitalisation of HP Adhesives IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
50.00

P/B (times) :
[●]

NAV (₹) :
26.39

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in HP Adhesives prospectus?

The HP Adhesives IPO prospectus highlights an Return on Equity (ROE) of 8.25 % , Return on Assets (ROA) of 2.95 %, and an EBITDA Margin of 10.41 %, showcasing financial performance.

How do profitability ratios impact the evaluation of HP Adhesives IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows HP Adhesives IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for HP Adhesives IPO ?

The post-IPO market capitalisation of HP Adhesives IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of HP Adhesives IPO?

The HP Adhesives IPO has a Price-to-Earnings (PE) ratio of 50.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of HP Adhesives IPO?

HP Adhesives IPO reported revenue of ₹ 145.46 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from HP Adhesives IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of HP Adhesives IPO?

HP Adhesives recorded an EBITDA of ₹ 14.68 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of HP Adhesives IPO?

HP Adhesives Profit After Tax (PAT) is ₹ 6.20 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 141.04 Cr.
            EBITDA: ₹ 14.68 Cr.
            PAT: ₹ 6.20 Cr.
  • EBITDA Margin: 10.41 %
            Pat Margin: 4.40 %
  • Net Worth: ₹ 37.56 Cr.
  • Market Capitalisation: [●]
  • P/E: 50.00 times
  • P/BV: [●]
  • EV/EBITDA: 1.81 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

HP Adhesives operates in Chemical - Paint And Adhesives and Adhesives And Sealants. The Issue is listed on BSE,NSE in Dec, 2021. HP Adhesives IPO size was 125.96 with Issue price of 274.00 .

Merchant Banker(s) of HP Adhesives IPO: Unistone Capital Private Limited

HP Adhesives IPO subscription was 20.96 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

HP Adhesives IPO listed at a listing price of 334.95 against the offer price of 274.00.

The current market price of HP Adhesives is 51.02.

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