As per the red herring prospectus filed with the Registrar of companies, the offer constitutes 25.02 per cent of the post-offer-paid equity share capital of the company.
Shares of HP Adhesives made a decent debut at the exchanges on Monday. The consumer adhesives and sealants company's stock got listed at Rs 319 on BSE, a premium of 16.42 per cent over its issue price of Rs 274.
HP Adhesives made a strong stock market debut on Monday as its shares got listed at a premium of 16 per cent. Shortly after the listing, the shares of the company surged further.