ListedMainboardHPAL

HP Adhesives Limited

HP Adhesives Limited is a mainboard IPO raising ₹126 Cr at ₹262 – ₹274 a share. It listed on 27 Dec 2021 and trades at ₹38 today, −31.2% against its issue price of ₹274, after adjusting for its 5:1 stock split. It was subscribed 21× in total.

274
Issue price
38
Price now
−31.2%
Since issue price
27 Dec 2021
Listed on
21×Subscribed (final) · all exchanges

21.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

How its cohort has done

60 mainboard issues listed in 2021 that we can price today. This is the group this issue belongs to.

+43.9%
Median return since issue price
41.7%
Now trading below their issue price

Neither figure is a forecast for this issue — they describe what happened to comparable issues. Full cohort analytics →

How the book finished

The category split is the number worth reading, not the total.

QIB1.82×
Non-institutional19×
Retail81×

Retail: 81× their allocation. QIB: 1.82×.

See the full split, sub-category by sub-category →

What we hold for this issue

Stated up front on every issue, so a sparse page reads as a fact about the source rather than a broken one.

Category split — who bidQIB, non-institutional and retail, with sub-splits
How demand built over timeFinal figure held, but no series — we were not sampling this issue while it was live
Price-point demand curveLive only — NSE stops serving this once bidding closes
Lead managers and registrar1 bank
Official documents5 documents
Listing-day priceNot published for this issue — the exchanges only began carrying it during 2024
Performance since listingComputed from our own daily closes, restated across a 5:1 split

Led by Unistone Capital Private Limited — median +8.4% across the 31 of its issues we can price. All lead managers →

What happens when

15 DecBidding opens
17 DecBidding closes
22 DecAllotment
23 DecRefunds
27 DecListing

Track HP ADHESIVES LIMITED

Results, orders, board decisions and every other filing — summarised and sent to your WhatsApp the minute they are out.

Open the company page

Figures are as published by the exchanges and the issuer’s prospectus. MarketPing publishes facts, comparisons and history only — nothing here is a recommendation to apply to this issue, and we do not publish grey market premium.