HP Adhesives IPO - An Adhesive Play At Stretched Valuation: Reliance Securities
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities' IPO Report
HP Adhesives Ltd. has grown from a single product company being a multi-product adhesives player, with a pan India presence as well as international presence.
The company’s brands 'HP' and 'Strong Weld' in polyvinyl chloride adhesives product category have gained increasing acceptance led by high product quality and efficient pricing.
HP Adhesives is a fast-growing multi-product, multi-category consumer adhesives and sealants company. It is among the leading adhesives manufacturing players in India in the consumer segment of the industry.
HP Adhesives manufactures a wide range of consumer adhesives and sealants such as PVC, CPVC and UPVC solvent cement, synthetic rubber adhesives, PVA adhesives, silicone sealant, acrylic sealant and gasket shellac among others.
It has a strong business model, which is backed by a consistent expansion in product portfolio, coupled with the introduction of new product categories and stock keeping units to cater to the multiple end-use applications.
Click on the attachment to read the full IPO report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.