Quarterly Updates19 May 2026, 02:31 pm
HP Adhesives: No Deviation in IPO Fund Utilization (Q4 FY26)
AI Summary
HP Adhesives Ltd reported no deviation or variation in the utilization of funds raised through its IPO for the quarter ended March 31, 2026. The IPO, which opened on December 15, 2021, and closed on December 17, 2021, raised a total of ₹1259.63 Million. As of March 31, 2026, the company has completed the utilization of IPO proceeds. A surplus of approximately ₹46 Million remains due to accrued interest and will be used for the company's growth.
Key Highlights
- HP Adhesives reports no deviation in IPO fund utilization for Q4 FY26.
- IPO raised ₹1259.63 Million via fresh issue and offer for sale.
- IPO proceeds fully utilized as of March 31, 2026.
- Surplus of ₹46 Million due to interest will be used for growth.
- Monitoring agency for fund utilization is ICICI Bank Limited.
Price Impact
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