Hp Adhesives Share Price Gray market is a term used to describe the unregulated over-the-counter market for IPOs and IPO stocks that are traded before stocks are listed. This is also a way to raise quotations and support issues before quotations occur. It can be positive or negative, indicating that the gray market transaction price is higher or lower than the issue price, depending on the supply and demand of stocks.
Typically, investors who do not want to risk a distribution not going through an IPO will buy shares in the gray market and hope to get listed for good returns. The Costak rate is the amount that an investor receives by selling their IPO bid on the gray market. If the seller does not receive a stake in the IPO process, the transaction will be terminated.
Hp Adhesives Share Price
During the HP Adhesives IPO, investors submit bids for a minimum of one lot and a maximum of 14 lots. Due to the size of the IPO of 25.28 million shares, 5.29 crore shares were signed. The issue was underwritten 20.96 times and new shares were issued for Rs 113 crore.
Adhesives and sealants are used in a variety of industries including plumbing and sewage, drainage and distribution, building construction, footwear, foam furniture, and many more. Traces of it are found in the adhesive, plumbing, plumbing, textiles, logistics, real estate and engineering industries. He will also expand the established capabilities of existing product lines and add products to his portfolio.
Adhesives and sealants company HP Adhesives received Rs 56.68 crore from top three investors the day before its IPO. The consumer adhesives and sealants company traded on the BSE at Rs 319, up 16.42% from the Rs 274 issue price. problem. price of 274 rupees per share. HP Adhesives is now listed on the stock exchange at a premium over its IPO price, overcoming weak market performance.
Hp Adhesives Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
A few minutes after the first day of trading, HP Adhesives’ stock was up 5% from its listing price to above Rs 334.95 per share. #HPAdhesives was listed on the NSE on Monday at Rs 315 per share, roughly 15% above the #IPO issue price of Rs 274 per share. HP Adhesives was listed on the BSE at a sizable premium of Rs 319 per share compared to the company’s issue price of Rs 274 for the IPO.
HP Adhesives’ 126 crore IPO was a combination of a 113 crore new share issue and a 12.5 crore offer to sell (OFS). The HP Adhesives stock distribution will take place tomorrow Wednesday, December 22, after its initial public offering (IPO) received good investor response when it opened between December 15-17. The IPO consists of a new offering of 4.14 million shares for Rs 113.4 crores and an offer to sell approximately 457,000 shares from shareholder Anjana Haresh Motwani for a total of Rs 12.5 crores.
The Mumbai-based company is seeking to withdraw Rs 126 crores from the market, of which Rs 113.43 will be raised through a new share issue and Rs 12.52 crores through an offer to sell. Between December 15-17, the company raised Rs 125.96 crore in the main offer as the company sold its stake at Rs 262 to Rs 274 apiece. The company’s shares were listed on the National Stock Exchange (NSE) at Rs 315 per share, with a 15% premium over the IPO price of Rs 274 each.
Rate the company at 40x24FY to reach the target price of Rs 4,195. The decline is expected to provide a good entry point due to optimism about the growth prospects due to fluoridation chemistry. It remains neutral on the stock with an unchanged target price of Rs 4,195; estimated yield of 5%.
Long-term growth is expected based on our forecasts, with Hindustan Adhesives Ltd share price forecast for 2026-12-18 at Rs 423,801. The agency has updated its target price to Rs 5,000, implying a 47% increase over the previous days closed at the BSE at Rs 3,429.
Overseas, Asian stocks closed higher on Thursday following strong signals from Wall Street and positive reports on the potential impact of the Omicron option on the global economy. Meanwhile, European stocks were also higher in early trading on Thursday, although Omicron cases rose globally and other countries announced restrictions to contain the spread of the virus.
December derivatives contracts expire this week and the market could come under pressure from rising coronavirus cases, according to Ajit Mishra, vice president of brokerage firm Religare Broking. HP Adhesives share price outlook; Ravi Singhal, Vice President of GCL Securities, said: “Those who have acquired HP Adhesives shares in the distribution process are advised to hold shares for at least 3 months as the shares are expected to rise to Rs 500 each during this period. .,
According to management, HP Adhesives has a direct comparison to Pidilite Industries ltd. But personally we don’t think so because Pidilite Industries is one of the best companies in India with a strong sales position in India and the HP adhesives company is too small compared to Pidilite Industries.
In addition, HP Adhesives Ltd has a strong distribution network with over 750 distributors serving a network of over 50,000 resellers in India. According to the company’s financial results for 2020-2021, the company sold its products to 21 countries. He added, however, that the company is the leading manufacturer of its largest category of PVC-based cement products in India in the consumer / market segment of the adhesives industry.
But we may raise or lower our target prices for HP Adhesives after reviewing the company’s financial performance in the coming quarters and years. If you are a risky investor, you can increase your HP Adhesives inventory to reach the long-term target price of RUR 345. + After 1 or 2 years. Therefore, if investors are able to take the risk, they can keep stocks of HP adhesives for the long term, ranging from 1 to 2 years.
At the current price of 274 rupees, the trading interest rate of HP Adhesives stock is compared to the 200-day moving average. HP Stickers is currently trading at 274 rupees and has changed by% in the past 365 days. According to data from IPO Watch, before the announcement of the stock allocation, the premium of HP Adhesives’ shares in the gray market was 50 rupees, which was about 18% higher than the issue price.
HP Adhesives was listed at Rs 315 on the NSE and traded at Rs 319 per share on the BSE when trading began. I only reached Rs 334. quoted at a premium of 16%. HP Sticky Stock Moderate opening today in India’s primary markets as the company traded on the NSE 315 each level, 41 above its 274 issue price per share.
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