HP Adhesives Limited
ListedMainboardChemicals · NSE / BSE
HP Adhesives Limited is a manufacturer of adhesives and sealants, producing products such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesives, PVA adhesives, silicone and acrylic sealants, gasket shellac, and PVC pipe lubricants. These products serve multiple industries, including plumbing, sanitation, drainage, water distribution, construction, interior operations, glazing, woodwork, footwear, automotive, and foam furnishing. The company also offers ancillary products like ball valves, thread seals, tapes, and FRP products for drainage and architectural solutions. As of September 30, 2021, HP Adhesives operates a distribution network of four depots in Delhi, Kolkata, Bengaluru, and Indore, with over 750 distributors serving more than 50,000 dealers across India. Its multi-product manufacturing facility is located in Village Narangi, Raigad, Maharashtra, and the company exported its products to 21 countries in FY 2020-21.
Price Band
₹262 – ₹274
Issue Size
₹126 Cr
Lot Size
50 shares
GMP
₹80
+29.2%
Est. Listing
₹354
at current GMP
Subscribed
—
Open
15 Dec 2021
Close
17 Dec 2021
Allotment
22 Dec 2021
Refund
23 Dec 2021
Demat Credit
24 Dec 2021
Listing
27 Dec 2021
Last updated 12 days ago
Live Grey Market Premium
HP Adhesives Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹80+29.2%
Issue Price (Upper)
₹274
Band: ₹262 – ₹274
Estimated Listing Price
₹354
Upper price + GMP
Lot Size
50 shares
Min investment ₹13,700
Estimated Profit / Lot
₹4,000
50 × ₹80
HP Adhesives Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹80
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹80 | 29.2% | ₹354 |
| 30 Oct 2026 | +₹80 | 29.2% | ₹354 |
| 29 Oct 2026 | +₹72 | 26.3% | ₹346 |
GMP is unofficial market data. Not a guarantee of listing performance.
About HP Adhesives Limited Public Issue & Market Profile
HP Adhesives Limited is bringing an initial public offering (IPO) in the Chemicals sector with an aggregate issue size of ₹125.96 Crores. The shares are offered at a price band of ₹262 to ₹274 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 50 shares (approx. ₹13,700 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-12-24, while un-allotted funds or UPI block mandates will be released on 2021-12-23.
Frequently Asked Questions
What is HP Adhesives Limited IPO GMP today?
The latest grey market premium for HP Adhesives Limited IPO is ₹80, which indicates an expected listing price of ₹354.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.