HP Adhesives IPO opened for subscription on 15th December 2021 and it will remain open for bidding till 17th December 2021. The price band of the issue has been fixed at ₹262 to ₹274 per equity share. Adhesives and sealants company aims to raise ₹125.96 crore from its public offer.
Here we list out HP Adhesives IPO details in 10 points below:
1] HP Adhesives IPO GMP: According to market observers, shares of HP Adhesives are yet to make a debut in the grey market. They said that the issue size is very small and hence HP Adhesives IPO GMP may become available after the opening of its subscription today.
2] HP Adhesives IPO subscription status: On Day 2 of bidding by 2:56 PM, the public issue has been subscribed 6.64 times. The retail portion of the public issue has been subscribed times.
3] HP Adhesives IPO size: The company management aims to raise ₹125.96 crore from the public issue ( ₹113.44 crore from fresh issue and ₹12.53 crore via OFS or offer for sale).
4] HP Adhesives IPO price band: The price band of this public issue has been fixed at ₹262 to ₹274 per equity share.
5] HP Adhesives IPO lot size: A bidder will be able to apply for the IPO in lots and one lot will comprise 50 shares of the company.
6] HP Adhesives IPO investment limit: A bidder is allowed to apply for minimum one lot and maximum 14 lots. So, minimum investment allowed in the IPO is ₹13,700 ( ₹274 x 50) whereas maximum investment allowed is ₹1,91,800 [(Rs274 x 50) x 14].
7] HP Adhesives IPO allotment date: The tentative date for announcement of HP Adhesives share allocation is 22nd December 2021.
8] HP Adhesives IPO listing: Shares of HP Adhesives will be listed on both NSE and BSE.
9] HP Adhesives IPO listing date: The tentative date for listing of shares is 27th December 2021.
10] HP Adhesives IPO subscribe or not: Giving his review on the public issue; Ankur Saraswat, Research Analyst at Trustline Securities said, "Company is a leader in adhesives and sealants business. It has diversified and expanding products portfolio. Established and growing brand presence and footprints in international markets & large players as customers are strong tailwinds. Intense competition with large & strong players, volatility in crude prices, lack of long-term arrangements with suppliers are posing pressure on margins front."
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
