HP Adhesives Limited IPO
HP Adhesives Limited was a mainboard IPO in the Specialty Chemicals sector, offered at ₹52.4–₹54.8 per share to raise ₹126 crore. The issue was subscribed 20.96× overall (QIBs 1.82×, NIIs 19.04×, retail 81.24×). It listed on 27 Dec 2021 at ₹63 and closed its first day at ₹66, a listing gain of +20.7% versus the ₹54.8 issue price. It now trades around ₹30 (-44.6% versus the issue price).
Frequently asked questions
- How many times was the HP Adhesives Limited IPO subscribed?
- The HP Adhesives Limited IPO was subscribed 20.96× overall — 1.82× in the QIB category, 19.04× among non-institutional investors, 81.24× in retail.
- What were the HP Adhesives Limited IPO listing gains?
- HP Adhesives Limited listed on 27 Dec 2021 at ₹63, closing its first day at ₹66 — a listing gain of +20.7% versus the ₹54.8 issue price.
- What were the retail allotment odds for the HP Adhesives Limited IPO?
- Retail was subscribed 81.24×, so a single-lot application had roughly a 1.2% chance of allotment (about 1 in 81), and allotment was finalised on 21 Dec 2021.
- What was the price band and lot size of the HP Adhesives Limited IPO?
- The price band was ₹52.4–₹54.8 per share, with a minimum lot of 50 shares (₹2,740 at the upper band).
- Who were the registrar and lead manager for the HP Adhesives Limited IPO?
- Bigshare Services Private Limited was the registrar, and Unistone Capital was the book-running lead manager.