Скачать или смотреть HP Adhesives IPO: GMP rises as all eyes on shares listing after allotment announced

HP Adhesives IPO: GMP rises as all eyes on shares listing after allotment announced HP Adhesives Limited's initial public offering , which was open for public subscription from 15 to 17 December, was booked 20.96 times. The offer received bids for 5,29,89,650 shares against 25,28,500 shares on offer. The initial share sale of up to 45,97,200 equity shares had a price range of ₹262-274 per share. The finalization of basis of share allotment of HP Adhesives IPO has been completed and the credit of shares to demat account of allottees is expected to be done on Friday, December 24. The grey market is an unofficial platform, wherein trading starts after the announcement of IPO price band till the listing of shares. The IPO consisted of a fresh issue of up to 4.14 million shares and an offer for sale of up to 457,000 shares by its promoter Anjana Haresh Motwani. The company aims to use the proceeds to fund capital expenditure for proposed expansion, and to support incremental working capital requirements. Stay connected and informed with Mint.