The HP Adhesive IPO is open for subscription between December 15 and December 17, 2021. The price band has been kept between Rs 262-274 per share with a minimum lot size of 50 shares.
The HP Adhesives IPO allotment status will be finalised around December 22 (tentative).
Here’s how you can check the allotment status:
Once the allotment status is finalized, you can check your status on Groww, if you had applied for this IPO on our platform. Here are the steps:-
The registrar for this IPO is Bigshare Services Pvt Ltd.
Companies | Type | Bidding Dates | |
Regular | Closes 25 Apr | ||
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Regular | - | ||
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After applying for an IPO, the amount gets blocked for use from your account. Therefore, the money is still showing in your balance but is blocked for use.
If HP Adhesive IPO is oversubscribed, the shares will be distributed proportionately among investors so that each investor gets a minimum of one lot. This is done on a lottery basis, so there is no guarantee that you will get the shares. In case of oversubscription, investors may not receive any shares.
If you don’t get the allotment in the HP Adhesive IPO, the amount will be unblocked, and you will be able to use the amount in your bank account.
HP Adhesive IPO shares will get listed on BSE and NSE on December 27, 2021. (tentative)