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HP Adhesives shares list with over 16% gain

The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95.

HP Adhesives share price, HP Adhesives IPOHP Adhesives IPO was subscribed 20.96 times this month. (Representative image, source: Unsplash)

Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274.

The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95.

On NSE, it made its debut at Rs 315, reflecting a jump of 14.96 per cent.

The initial public offer of HP Adhesives was subscribed 20.96 times this month.

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The IPO of up to 45,97,200 equity shares had a price range of Rs 262-274 per share.

Unistone Capital was the manager to the offer.

First published on: 27-12-2021 at 12:49 IST
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