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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.

By: PTI | New Delhi |
December 27, 2021 12:49:59 pm
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.

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.

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