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HomeMoneyHP Adhesives IPO: Investors got a gain of Rs 45, know how...

HP Adhesives IPO: Investors got a gain of Rs 45, know how much was listed

Mumbai
The IPO of HP Adhesives Limited has given investors a listing gain of Rs 45. Its shares were listed on BSE at Rs 319. One share of it was received through IPO for Rs 274. In this sense, investors have made a profit of 16.42 percent. The bidding for this IPO was held between December 15 and 17.

got better response from investors
The IPO of HP Adhesives Limited received a good response from the investors. The issue was subscribed 21 times overall. There was a lot of craze among retail investors regarding this. 10% of the issue was reserved for them. The highest bid for this part was 81 times.

How much was filled in the IPO
In the IPO of HP Adhesives, 25,28,500 shares were offered. In comparison, there were bids for 5,29,89,650 shares. About 75 per cent of the IPO was reserved for qualified institutional buyers (QIBs) and received 1.82 times bids. At the same time, 15 per cent was reserved for non-institutional investors and it got 19 times bidding. 10 per cent of it was reserved for retail investors and it got 81 times bids.

When was this issue open?
The IPO of HP Adhesives Limited opened on December 15 and closed on December 17. The price band for the issue was Rs 262 to Rs 274 per share. Its lot size was kept at 50 equity shares. A minimum of Rs 13,700 was to be invested for a lot.

What will happen to the money raised from the IPO?
Use the proceeds from the HP Adhesive IPO to meet its working capital requirements. Along with this, some amount will also be spent for the expansion of its manufacturing plant. The company also plans to increase the capacity of its existing product lines.

Now apply for IPO through WhatsApp, know the process in the video

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