HP Adhesives, Supriya Lifescience gears up for strong IPO listing
- ByStartupStory | December 27, 2021
Reports suggest that the IPOs of HP Adhesives and Supriya Lifescience are likely to reward investors this week. The stocks are scheduled to list on 27 and 28 December, respectively. Dealers active in the unofficial market for unlisted shares said HP Adhesives was trading at a premium of 34 per cent or Rs 90-97 per share. On the other hand, Supriya Lifescience stock was trading at a premium of Rs 137-150, they said. This means a premium of about 51 percent.
The initial public offer of HP Adhesives Limited was subscribed 20.96 times on the last day of subscription on Friday. The IPO received bids for 5,29,89,650 shares against 25,28,500 shares on offer, according to NSE data.
Supriya Lifescience, which is a manufacturer and supplier of active pharmaceutical ingredients (APIs), sold its shares in the range of Rs 265-275 apiece.
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