HP Adhesive IPO: What GMP Prompts Before Share Listing

HP Adhesive IPO GMP

HP Adhesive IPO is GMP Today, According to Market Observers 80, which is 15 more than yesterday’s gray market premium 65. Market observers said HP Adhesives share price has been able to almost maintain its premium in the gray market. from 60 90 for the past one week which shows the settlement of the company’s shares in the gray market. He added that the recent positive sentiment in the primary markets has helped HP Adhesives shares to maintain its grip in the gray market. In such a range, HP Adhesives IPO gray market indicates moderate listing of premium public issues, he added.

What does this GMP mean?

Market observers said the GMP is nothing but a listing benefit from a particular public issue. HP Adhesive IPO is GMP Today 80, which means the gray market is expecting the HP Adhesives IPO to be listed at around 354 ( 274 + 80), which is about 30 percent higher than its upper price band 274 per equity share.

However, stock market experts said that one should not rely too much on GMP as it is an unofficial data, which is completely non-regulated. He said that it is the balance sheet of the company which gives a solid picture of the financial health of the company and hence, one should rely on the financial position of the company rather than the GMP.

Highlighting the fundamentals regarding HP Adhesives IPO; Abhay Doshi, Founder, UnlistedArena.com, said, “HP Adhesives is a multi-product, multi-category consumer adhesives and sealant company. PVC Solvent is their largest product category. Their revenue from operations accounted for 23.75 per cent between FY 2020-21. The company has expansion plans, but there is stiff competition from the unorganized sector and its listed counterparts dominate the position with over 65 per cent market share.”

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