HP Adhesives IPO GMP Today, HP Adhesives IPO Grey Market Premium Updates | HP Adhesives IPO Listing Gain, Latest target, Opening gain
HP Adhesives IPO date fixed, the initial public offer (IPO) to hit the market on December 15, 2021. HP Adhesives IPO to raise ₹ crores via IPO. The retail quota is 35% with QIB 50% and HNI 15%.
HP Adhesives is an adhesives and sealants company. The company manufactures a wide range of consumer adhesives and sealants such as PVC, CPVC, and uPVC solvent cement, synthetic rubber adhesive, and PVC pipe lubricants. These adhesives and sealant products have applications in multiple industries such as plumbing and sanitary, drainage and water distribution, general-purpose building/ construction, and interior operations as well as for glazing operations, woodwork, footwear, automotive, foam-furnishing, and other varied industries.
As of September 30, 2021, the company has a distribution network of 4 depots situated in Delhi, Kolkata, Bengaluru, and Indore and more than 750 distributors who cater to more than 50,000 dealers in India. The company’s manufacturing facility is located at Village Narangi, Raigad (Maharashtra) which is a multi-product manufacturing facility. During the FY 2020-21, the company sold its products in 21 countries.
Check out HP Adhesives IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
HP Adhesives IPO Details:
|Issuer||HP Adhesives Limited|
|Issue Type||Book Built Issue IPO|
|Issue Period||Issue Opens: Dec 15, 2021|
|Issue Closes: Dec 17, 2021|
|Price Brand||₹262 to ₹274 Per Share|
|Issue Size||₹ 125.96Crores|
|Face Value||Rs.10 per Equity Share|
|Market Lot||50 Shares|
|Maximum Bid amount for Retail||Rs.191,800|
|QIB||75% of the issue size|
|NIB||15% of the issue size|
|Retail Individual Bidders||10% of the issue size|
|Offer for Sale||4,57,200 Equity Shares|
|Listing at||NSE & BSE|
|Apply With||Upstox Free DEMAT Account|
|Grey Market Price||HP Adhesives IPO GMP Today|
|UPCOMING IPO 2021||UPCOMING DIVIDEND|
|UPCOMING BUYBACK||UPCOMING NCD 2021|
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HP Adhesives IPO GMP Rates day by day
HP Adhesives IPO Grey market premium as of today
|Date||GMP (in INR)||Kostak (in INR)||Subject to Sauda|
|26 DEC 2021||₹|
|25 DEC 2021||₹80|
|24 DEC 2021||₹80|
|23 DEC 2021||₹70|
|22 DEC 2021||₹80|
|21 DEC 2021||₹55|
|20 DEC 2021||₹50|
|19 DEC 2021||₹65|
|18 DEC 2021||₹50|
|17 DEC 2021||₹||₹||₹|
|16 DEC 2021||₹||₹||₹|
HP Adhesives IPO Market Lot:
|Lot Size:||Minimum 50 Shares & Maximum 700 Shares|
HP Adhesives IPO Allotment & Listing:
|Basis of Allotment:||Dec 22, 2021|
|Refunds:||Dec 23, 2021|
|Credit to Demat Account:||Dec 24, 2021|
|Listing Date:||Dec 27, 2021|
How to Apply for HP Adhesives IPO?
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How to Apply the HP Adhesives IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “HP Adhesives”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the HP Adhesives IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “HP Adhesives”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Check:-HP Adhesives IPO Allotment Status
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
What is Grey Market?
Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a kostak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.