The share allotment for HP Adhesives will take place today, December 22, following the company’s initial public offering (IPO) received a positive reaction from investors when it opened between December 15 and 17.
The initial public offering (IPO) was oversubscribed 20.96 times, with bids for 5.29 crore equity shares versus a total issue size of 25.28 lakh.
Retail investors bid for 81 times the reserved portion, non-institutional investors for 19 times, and qualified institutional investors for 1.82 times the reserved portion.
The 126-crore public offering included a 113.43-crore fresh issuance and a 12.52-crore offer-for-sale by Anjana Haresh Motwani.
The offer’s price range was 262-274 per equity share.
Investors who have purchased the company’s stock can check the status of share allotment by going to the Bombay Stock Exchange (BSE) website or the IPO’s registrar’s website and following the steps listed below.
Investors must choose the issuance type (Equity) and issue name on the BSE website (HP Adhesives). They must next input the application number as well as the PAN number. They must next tick the box (I am not a robot) and click the search button to learn about their allocation status.
The following methods can be performed to verify the status on the IPO registrar’s website.
The company’s name must be chosen first. The PAN number or application number must then be entered, and finally, the Captcha must be entered before clicking the “submit” button to verify the allocation status.
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