HP IPO adhesive registered 20.96 times on final release date

HP IPO adhesive registered 20.96 times on final release date

HP Adhesives IPO was registered 20.96 times on the last day of release

HP Adhesives Limited’s initial public offering was registered 20.96 times on the third and final day of the offering, according to registration data on stock exchanges. According to NSE data, the IPO received a bid of 5,29,89,650 shares compared to 25,28,500 shares offered for sale.

On Friday, the portfolio for retail retail investors (RII) was registered 81.24 times – the highest of the three investor groups. The section dedicated to non-institutional investors was registered 19.04 times and the section for qualified institutional buyers (QIB) was registered 1.82 times today.

HP Adhesives’ initial public offering (IPO) was registered 3.48 times on the first day of Wednesday’s offering following a strong response from retail investors. The IPO amounted to 45,97,200 equity shares with prices ranging from Rs 262-274 per equity share.

HP Adhesives Rs 126 Public Offering includes a new issue of Rs 113.43 crore and an offer to sell Rs 12.52 by shareholder Anjana Haresh Motwani.

HP Adhesives Limited manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC and uPVC solvent cements, neoprene adhesives, PVA adhesives, silicone sealants, acrylic sealants, pads shellac gaskets, other sealants and PVC pipe lubricants.

These adhesives and products have applications in many industries such as plumbing and sanitation, drainage and water distribution, furniture, footwear, automobiles, foam furniture, in among other industries. HP IPO adhesive registered 20.96 times on final release date

Emma James

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