Fixed Price IPO | ₹34 Cr | Listed at NSE SME | Thu, Feb 20, 2025 - Mon, Feb 24, 2025
HP Telecom IPO is a fixed price issue of ₹34.23 crores. The issue is entirely a fresh issue of 0.32 crore shares of ₹34.23 crore.
HP Telecom IPO bidding started from Feb 20, 2025 and ended on Feb 24, 2025. The allotment for HP Telecom IPO was finalized on Feb 25, 2025. The shares got listed on NSE SME on Feb 28, 2025.
HP Telecom IPO price is ₹108 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,29,600 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,59,200.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to HP Telecom IPO RHP for detailed Information.
IPO Open
Thu, Feb 20, 2025
IPO Close
Mon, Feb 24, 2025
Issue Price
₹108 per share
Market Cap (Pre-IPO)
₹128.68 Cr
| IPO Date | 20 to 24 Feb, 2025 |
| Listed on | Fri, Feb 28, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 31,69,200 shares (agg. up to ₹34 Cr) |
| Reserved for Market Maker | 1,59,600 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 30,09,600 shares (agg. up to ₹33 Cr) |
| Net Offered to Public | 30,09,600 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 87,45,510 shares |
| Share Holding Post Issue | 1,19,14,710 shares |
| NSE Symbol | HPTL |
| ISIN | INE0VA601019 |
HP Telecom IPO comprises a total issue size of 31,69,200 shares. The net offer to the public is 30,09,600 shares, after excluding 1,59,600 shares allotted on a firm basis. Of the Net offer 15,04,800 (50.00%) allocated to NII 15,04,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,04,800 | 50.00% | 47.48% |
| Retail Shares Offered | 15,04,800 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,59,600 | 5.04% | |
| Total Shares Offered | 31,69,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,29,600 |
| Retail (Max) | 1 | 1,200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
Founded in March 2011, HP Telecom India Limited initially concentrated on distributing mobile phones and accessories. The company secured exclusive distribution rights for Sony LED TVs, Mobiles, and other brands in Gujarat during the fiscal year 2014-15. It also expanded its product portfolio to include LCD/LED home theatres, air conditioners, and other appliances.
Currently, HP Telecom is the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. The company offer a range of Apple devices, including the iPhone, iPad, Mac, and Apple Watch, catering to tech-savvy consumers in these regions
As of September 30, 2024, the company had 7 permanent employees and 84 employees on a contractual basis.
Competitive Strength:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 258.97 | 281.48 | 93.55 | 46.06 |
| Total Income | 594.19 | 1,079.77 | 638.47 | 292.55 |
| Profit After Tax | 5.24 | 8.60 | 6.35 | 2.13 |
| NET Worth | 34.35 | 29.11 | 20.51 | 15.46 |
| Reserves and Surplus | 25.61 | 20.37 | 14.68 | 9.63 |
| Total Borrowing | 105.14 | 100.15 | 59.29 | 24.50 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the Working Capital requirement | 30.00 |
| 2 | General corporate purposes | 3.50 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 29.56% |
| ROCE | 66.62% |
| RoNW | 29.56% |
| PAT Margin | 0.81% |
| Price to Book Value | 3.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.84 | 8.79 |
| P/E (x) | 10.98 | 12.28 |
| Promoter Holding | 99.99% | 73.4% |
| Market Cap | ₹128.68 Cr. |
The HP Telecom India IPO is subscribed 1.91 times on February 24, 2025 6:19:59 PM (Day 3). The public issue subscribed 1.85 times in the retail category, [.] times in the QIB category, and 1.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.97 | 15,04,800 | 29,64,000 | 176 |
| Retail | 1.85 | 15,04,800 | 27,90,000 | 2,325 |
| Total | 1.91 | 30,09,601 | 57,54,000 | 2,501 |
Total Application : 2,501
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.50 |
| 2 | Brokerage, selling commission and upload fees | 0.05 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.08 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others (Market Making fees etc.) | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹108.00 |
| Open | ₹115.05 |
| Low | ₹111.05 |
| High | ₹118.00 |
| Last Trade | ₹115.05 |
Lead Manager Reports
HP Telecom IPO is a SME IPO of 31,69,200 equity shares of the face value of ₹10 aggregating up to ₹34 Crores. The issue is priced at ₹108 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Feb 20, 2025, and closes on Mon, Feb 24, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HP Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in HP Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HP Telecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HP Telecom IPO opens on Thu, Feb 20, 2025 and closes on Mon, Feb 24, 2025.
HP Telecom IPO lot size is 1200, and the minimum amount required for application is ₹1,29,600.
You can apply in HP Telecom IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for HP Telecom IPO will be done on Tuesday, February 25, 2025, and the allotted shares will be credited to your demat account by Thu, Feb 27, 2025. Check the HP Telecom IPO allotment status.
The HP Telecom IPO listing date is on Fri, Feb 28, 2025.
