HP Adhesives IPO subscribed 21% on first day of bidding, retail portion fully booked

HP Adhesives IPO subscribed 21% on first day of bidding, retail portion fully booked

HP Adhesives IPO | The company aims to mop up Rs 126 crore via its public issue at the upper end of the price band of Rs 262-274 per equity share, of which Rs 56.68 crore was raised from anchor investors on December 14.





December 15, 2021 / 10:17 AM IST





HP Adhesives IPO



The initial public offering of HP Adhesives has received bids for 5.27 equity shares against the IPO size of 25.28 lakh equity shares, subscribed 21 percent on the first day of bidding.

HP Adhesives is a multi-product, multi-category consumer adhesives and sealants company, with a distribution network of 4 depots (Delhi, Kolkata, Bengaluru and Indore) and over 750 distributors, who cater to more than 50,000 dealers in India.

Retail investors bought 1.45 times of their reserved portion of shares.

However, the part set aside for non-institutional investors and qualified institutional buyers are yet to put in bids for the offer.

Click Here To Know All IPO Related News

The company aims to mop up Rs 126 crore via its public issue at the upper end of the price band of Rs 262-274 per equity share, of which Rs 56.68 crore was raised from anchor investors on December 14.

The IPO