HP Adhesives raises ₹57 crores from Anchor Investors ahead of IPO

Asia’s leading manufacturers of solvent cement HP Adhesives raised ₹57 crores from anchor investors on December 14, 2021 Tuesday before the IPO. The HP Adhesives IPO is to open on December 15, Wednesday. The company allotted a total of 20,68,700 equity shares to 3 Anchor investors at an upper price band of ₹274. The anchor investors list includes – Mutual Funds through a total of – schemes. The company is going to raise ₹126 crores. Check out the final list of HP Adhesives Anchor Investors given below:

HP Adhesives Anchor Investors List:

The IPO Committee of the Company at their meeting held on December 14, 2021, in consultation with selling shareholders and Book Running Lead Managers to the Offer being Unistone Capital Private Limited, has finalized allocation of 20,68,700 equity shares, to Anchor Investors at the Anchor Investor Allocation Price of ₹274/- per Equity Share (including share premium of ₹264/- per Equity Share). The details are given below:

The HP Adhesives IPO to open on 15 December and closes on 17 December 2021. The price band is fixed at ₹262 to ₹274. HP Adhesives IPO application minimum bid is for 50 Shares (₹13,700) and maximum bid is 700 shares (₹191,800). The Book Running Lead Managers of the IPO is UNISTONE CAPITAL PRIVATE LIMITED.