HP Adhesives IPO sails through within an hour, retail portion booked 9x

SynopsisOn a block, the issue consists of the issuance of fresh equity shares worth Rs 113.44 crore, whereas existing shareholders and promoters will offload 457,200 equity shares aggregating to Rs 12.53 crore.The issue saw applications for 40,71,450 shares against on offer 25,28,500 shares. The issue was subscribed 1.61 times by 11.30 am.NEW DELHI: The initial…Continue Reading