New Delhi, Dec 27 (PTI) Shares of HP Adhesives on Monday listed with a premium of over 16 per cent against the issue price of Rs 274.

The stock listed at Rs 319, a gain of 16.42 per cent from the issue price on BSE. It further zoomed 22.24 per cent to Rs 334.95.

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On NSE, it made its debut at Rs 315, reflecting a jump of 14.96 per cent.

The initial public offer of HP Adhesives was subscribed 20.96 times this month.

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The IPO of up to 45,97,200 equity shares had a price range of Rs 262-274 per share.

Unistone Capital was the manager to the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)