Hp Adhesives goes to the list on Bse, Nse today; Here is what Gmp suggests
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HP Adhesives shares will be listed on the BSE and NSE stock exchanges on Monday, December 27. HP Adhesives, a Mumbai-based adhesives and sealants maker, was commanding a premium on the gray market – an unofficial market for unlisted securities – before listing on Dalal Street. Dealers said (IPO) that the GMP or gray market premium of HP Adhesives stood at Rs 80 on Friday.
HP BPF Adhesives
| Dated | BPF in rupees |
| December 24 | 80 |
| 23 december | 80 |
| December 22 | 50 |
| December 21 | 50 |
| December 20 | – |
| December 19 | – |
| December 18 | – |
| Dec 17 | – |
| December 16 | – |
| December 15 | – |
Source: IPO Watch
HP Adhesives’ debut on BSE and ESN comes at a time when most IPOs have received a strong response from investors, although the recent sale has reduced the appeal of a few newbies.
The portion reserved for retail investors was subscribed 81.2 times and that for non-institutional subscribers 19 times. The Qualified Institutional Buyers (QIB) category registered a reservation 1.8 times.
Of the entire HP Adhesives IPO, 75% was reserved for QIBs, 15% for NIIs and 10% for retail investors.
HP Adhesives aims to use the proceeds of the IPO to fund its working capital requirements and capital expenditures for capacity expansion.
Hp Adhesives goes to the list on Bse, Nse today; Here is what Gmp suggests
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