As per the red herring prospectus filed with the Registrar of companies, the offer constitutes 25.02 per cent of the post-offer-paid equity share capital of the company.
Shares of HP Adhesives made a decent debut at the exchanges on Monday. The consumer adhesives and sealants company's stock got listed at Rs 319 on BSE, a premium of 16.42 per cent over its issue price of Rs 274.
HP Adhesives IPO: On Friday, the category for retail individual investors (RIIs) was subscribed 81.24 times - the highest among the three groups of investors.
The initial public offering (IPO) of HP Adhesives opened for subscription on Wednesday and received a massive response from retail investors on the first day of bidding.