HP Adhesives’ stock allotment was set to take place tomorrow on Wednesday, December 22, after the first public offer (IPO) received a good response from investors when it opened between December 15 and 17.
The IPO was subscribed 20.96 times, generating bids for 5.29 crore shares against an issue size of 25.28 lakh shares.
While retail investors bid 81 times the reserved portion, the non-institutional portion was subscribed 19 times and qualified institutional investors bid 1.82 times.
The public issue of Rs 126 crore consisted of a new issue of Rs 113.43 crore and an offer for sale of Rs 12.52 crore by Anjana Haresh Motwani.
The price range for the offer was Rs 262-274 per share of shares.
Investors who have purchased shares of the company can check the status of the share allotment by following the steps below, both on the Bombay Stock Exchange (BSE) website and on the IPO Registrar’s website.
On the BSE website, investors should select the issue type (Equity) and the issue name (HP Adhesives). After that, they have to enter the application number and PAN number. Once this is done, they need to check the box (I’m not a robot) and hit the search button to find out their assignment status.
The following steps can be used to check the status on the IPO Registrar’s website.
First, the name of the company must be selected. After this, the PAN number or application number must be filled in and finally, after entering the Captcha, click the “send” button to check the assignment status.