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  • HP Adhesive, Supriya Lifescience shares report correction on Monday as anchor lock-in ended in the present day

HP Adhesive, Supriya Lifescience shares report correction on Monday as anchor lock-in ended in the present day

Posted on January 24, 2022 By Balikoala No Comments on HP Adhesive, Supriya Lifescience shares report correction on Monday as anchor lock-in ended in the present day
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The 30-day lock-in interval of two newly listed firms – HP Adhesive and Supriya Lifescience ended on Monday, the previous slipped by over 4 per cent and the latter by 1 per cent on the BSE. As compared, the BSE Sensex closed over nearly 3 per cent decrease, amid weak world cues. 

As many as three anchor traders – COEUS International ops, 3 Sigma International fund and AG Dynamic Funds Ltd had picked up stakes in HP Adhesive with 26.46, 46.7 and 26.84 per cent of holding amongst anchor traders. The shares had been purchased on the higher finish of subject value by Rs 274 per share. 

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HP Adhesives shares had been listed at premium of over 16 per cent to Rs 319 a share on the exchanges. The inventory to this point has gained nearly 20 per cent since itemizing and closed at Rs 401.3 apiece on the BSe. 

In Supriya Lifescience, at the least 6 anchor traders had purchased shares within the firm. Nippon Life (17.46 per cent), Dovetail India Fund (12.7 per cent) Cohesion MK Greatest Concepts (11.11 per cent), Malabar India Fund (9.52 per cent) Kuber India and Abakkus Fund every (9.21 per cent).  

Supriya Lifescience shares had been listed at over 55 per cent larger premium to Rs 425 per share as in comparison with Rs 274 per share of subject value on the exchanges. 

The inventory after bumper itemizing has corrected within the final couple days has surged by merely 20 per cent on the BSE. 

Anchor traders are institutional traders who’re allotted shares simply earlier than an IPO opens for subscription. All anchor traders are sure by a lock-in interval since they get a confirmed allotment of an organization’s shares. 



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