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Bidding for HP Adhesives IPO closed on 17th December 2021.  So, bidders have just one day left to apply for the public offer worth 125.96 crore. The price band of the issue has been fixed at 262 to 274 per equity share. Adhesives and sealants company aims to raise 125.96 crore from its public offer.

Here we list out HP Adhesives IPO details in 10 points below:

1] HP Adhesives IPO GMP: According to market observers, shares of HP Adhesives are yet to make its debut in the grey market.

2] HP Adhesives IPO subscription status: In 3-day subscription from 15th to 17th December 2021, the public issue has been subscribed 20.96 times.  The retail portion of the public issue has been subscribed 81.24 times whereas NII portion got subscribed 19.04 times.

3] HP Adhesives IPO size: The company management aims to raise 125.96 crore from the public issue ( 113.44 crore from fresh issue and 12.53 crore via OFS or offer for sale).

4] HP Adhesives IPO price band: The price band of this public issue has been fixed at 262 to 274 per equity share.

5] HP Adhesives IPO lot size: A bidder will be able to apply for the IPO in lots and one lot will comprise 50 shares of the company.

6] HP Adhesives IPO investment limit: A bidder is allowed to apply for minimum one lot and maximum 14 lots. So, minimum investment allowed in the IPO is 13,700 ( 274 x 50) whereas maximum investment allowed is 1,91,800 [(Rs274 x 50) x 14].

7] HP Adhesives IPO allotment date: The tentative date for announcement of HP Adhesives share allocation is 22nd December 2021.

8] HP Adhesives IPO listing: Shares of HP Adhesives will be listed on both NSE and BSE.

9] HP Adhesives IPO listing date: The tentative date for listing of shares is 27th December 2021.

10] HP Adhesives IPO subscribe or not: Giving his review on the public issue; Ankur Saraswat, Research Analyst at Trustline Securities said, "Company is a leader in adhesives and sealants business. It has diversified and expanding products portfolio. Established and growing brand presence and footprints in international markets & large players as customers are strong tailwinds. Intense competition with large & strong players, volatility in crude prices, lack of long-term arrangements with suppliers are posing pressure on margins front."

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

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