HP IPO GMP Adhesives

According to market observers, HP Adhesives IPO GMP is today ??80, which is ??15 more than his gray market premium of yesterday of ??65. Market watchers added that the HP Adhesives share price has been able to maintain its premium on the gray market in around ??60 to ??90 for the past week which reflects the downturn in the company’s gray market shares. They said the recent positive sentiment in primary markets helped HP Adhesives stocks maintain their position in the gray market. They said the gray market premium of HP Adhesives IPO in such a range signals a moderate listing of the public issue.

What does this BPF mean?

Market watchers have said that GMP is nothing more than an expected listing gain from a particular public issue. How HP Adhesives IPO GMP is today ??80, this means that the gray market expects the IPO of HP Adhesives to be around 354 ( ??274 + ??80), which is about 30 percent above its upper price range of ??274 per share.

However, stock market experts argued that one should not rely too much on GMP as it is unofficial data, which is completely unregulated. They said that it is the company’s balance sheet that gives a concrete picture of the financial health of the company and that, therefore, one should rely on the financial data of the company rather than GMP.

Highlighting of the fundamentals concerning the IPO of HP Adhesives; Abhay Doshi, Founder of UnlistedArena.com, said: “HP Adhesive is a multi-product, multi-category adhesives and sealants company for the general public. PVC solvent is their largest product category. Their turnover increased by 23.75% between fiscal years 20 and 21. The company has expansion plans, but there is intense competition from the unorganized segment and its listed counterpart is in a dominant position, aggregating more than 65% of the market share. “

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