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 ₹32 today, −40.7% against its issue price of ₹274, after adjusting for bonus issues or splits: one share allotted at the IPO is now 5 shares. It was subscribed 21× in total.
₹274
Issue price
₹32
Price now
−40.7%
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
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Price band₹262 – ₹274
Cut-off price₹274
Issue size₹126 Cr
Shares per lot50
Minimum application₹13,700
Minimum quantity50
Face value₹10
Listing exchanges—
ISININE0GSL01016
Bidding hours10:00 – 17:00 IST
Bidding window15 Dec 2021 – 17 Dec 2021
Not here yet
Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.