HP Adhesives share allocation will happen tomorrow
The HP Adhesives stock allocation will be made tomorrow, Wednesday, December 22, after the initial public offering (IPO) has received a good response from investors. when it opens December 15-17.
The IPO was registered 20.96 times, attracting an order of 5.29 crore of equity compared to the issue size of 25.28 thousand shares.
While retail investors bid 81 times the reservation, the portion of non-institutional investors was registered 19 times and qualified institutional investors bid 1.82 times time.
Public issue Rs 126 crore includes a new issue number Rs 113.43 crore and sale offer of Rs 12.52 crore by Anjana Haresh Motwani.
The price range for the offering is Rs 262-274 per equity share.
Investors who have purchased shares of the company, can check the status of their shares allocation by following the steps mentioned below either on Bombay stock exchange (BSE) website or on IPO registration company website.
On the BSE website, an investor needs to select the issue type (Equity) and the issue name (HP Adhesives). After doing so, they need to enter the application number and PAN number. Once this is done, they need to check the box (I’m not a robot) and click the search button to find out the status of their allocation.
On the website of the company applying for the IPO, the following steps can be used to check the status.
First, the name of the company will be selected. Then the PAN number or the application number needs to be filled in and finally after entering the Captcha it is necessary to click on the “submit” button to check the allocation status.
