HP Adhesives IPO: Information analysis

Starting its journey as a partnership firm in 1987, this multi-product adhesive and sealant company came into being as a full-fledged company in May 2019. It is involved in manufacturing a wide range of adhesives and sealants, such as PVC, cPVC and uPVC solvent cement, synthetic rubber adhesive PVA adhesives, silicone sealant, acrylic sealant and PVC lubricants. Adhesives and sealants are used in various industries such as plumbing, sanitary, water distribution, construction, interior operations, footwear, automotive and so on. Besides, the company sells ancillary products such as ball valves, FRP products, thread seals and other tapes. As of FY21, the company had 295 SKUs (stock-keeping units) in PVC, CPVC and UPVC solvents, 16 SKUs in silicone sealants and 75 SKUs in PVA adhesives. With its multi-product manufacturing unit located in Maharast