Bookbuilding IPO | ₹361 Cr | Listed at BSE, NSE | Thu, Sep 22, 2016 - Mon, Sep 26, 2016
HPL Electric IPO is a book build issue of ₹361.00 crores. The issue is entirely a fresh issue of 1.79 crore shares of ₹361.00 crore.
HPL Electric IPO bidding started from Sep 22, 2016 and ended on Sep 26, 2016. The allotment for HPL Electric IPO was finalized on Sep 29, 2016. The shares got listed on BSE, NSE on Oct 4, 2016.
HPL Electric IPO price band is set at ₹202 per share. The lot size for an application is 70. The minimum amount of investment required by an retail is ₹14,140 (70 shares) (based on upper price). The lot size investment for sNII is 15 lots (1,050 shares), amounting to ₹2,12,100, and for bNII, it is 71 lots (4,970 shares), amounting to ₹10,03,940.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to HPL Electric IPO RHP for detailed Information.
IPO Open
Thu, Sep 22, 2016
IPO Close
Mon, Sep 26, 2016
Issue Price
₹202 per share
Market Cap (Pre-IPO)
₹1,298.87 Cr
| IPO Date | 22 to 26 Sep, 2016 |
| Listed on | Tue, Oct 4, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹202 |
| Issue Price | ₹202 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,78,71,287 shares (agg. up to ₹361 Cr) |
| Fresh Issue | 1,78,71,287 shares (agg. up to ₹361 Cr) |
| Share Holding Pre Issue | 4,64,29,199 shares |
| Share Holding Post Issue | 6,43,00,486 shares |
| BSE Script Code / NSE Symbol | 540136 / HPL |
| ISIN | INE495S01016 |
HPL Electric IPO comprises a total issue size of 1,78,71,287 shares. Out of which, 89,35,642 (50.00%) are allocated to QIB, 26,80,694 (15.00%) allocated to NII 62,54,951 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 89,35,642 | 50.00% | NA |
| − Anchor Investor Shares Offered | 53,61,385 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 35,74,257 | 20.00% | NA |
| NII (HNI) Shares Offered | 26,80,694 | 15.00% | NA |
| Retail Shares Offered | 62,54,951 | 35.00% | 89,356 |
| Total Shares Offered | 1,78,71,287 | 100.00% |
Investors can bid for a minimum of 70 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,140 |
| Retail (Max) | 14 | 980 | ₹1,97,960 |
| S-HNI (Min) | 15 | 1,050 | ₹2,12,100 |
| S-HNI (Max) | 70 | 4,900 | ₹9,89,800 |
| B-HNI (Min) | 71 | 4,970 | ₹10,03,940 |
HPL Electric IPO raises ₹108.30 crore from anchor investors. HPL Electric IPO Anchor bid date is September 21, 2016.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 21, 2016 |
| Shares Offered | 53,61,385 |
| Anchor Portion (₹ Cr.) | 108.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 29, 2016 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 28, 2016 |
Incorporated in 1992, HPL Electric & Power Ltd is a electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's portfolio includes single phase, three phase, LTCT, and prepayment meters; switchgears, such as air circuit breakers, mini circuit breakers, on-load changeover switches, control gears, modular switches, and moulded case circuit breakers distribution panels under the HPL Techno, HPL Rakshak, and bsafe brands; light-emitting-diode lamps, luminaires, and compact fluorescent lamps; and wires and cables. Visit chittorgarh.com for more detail.
HPL supply their products through a network of authorized dealers or distributors to institutional, non-institutional and corporate customers as well as developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through authorized dealer network. They also supply their products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/ prepayment of certain indebtedness | 130.00 |
| 2 | Funding working capital requirements | 180.00 |
| 3 | General corporate purposes | 26.96 |
The HPL Electric IPO is subscribed 8.06 times on September 26, 2016 6:00:00 PM (Day 3). The public issue subscribed 3.31 times in the retail category, 5.77 times in the QIB category, and 22.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.77 | 41,25,715 | |
| NII | 22.2 | 30,94,286 | |
| Retail | 3.31 | 72,20,000 | |
| Total | 8.06 | 1,44,40,001 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs, including underwriting commission, brokerage and selling commission to Registered Brokers, Selling commission payable to RTAs and CDPs, Fees payable to the Registrar to the Issue | 10.50 |
| 2 | Commission and processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate and Designates Intermediaries and submitted with the SCSBs | 0.00 |
| 3 | Other expenses (SEBI filing fees, listing fees, legal and auditor fees, book building fees, depository’s charges, advertising and marketing expenses, printing, stationery and distribution expenses etc.) | 13.54 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹202.00 | ₹202.00 |
| Open | ₹190.05 | ₹190.00 |
| Low | ₹184.30 | ₹184.25 |
| High | ₹198.00 | ₹198.00 |
| Last Trade | ₹189.05 | ₹189.30 |
HPL Electric IPO is a main-board IPO of 1,78,71,287 equity shares of the face value of ₹10 aggregating up to ₹361 Crores. The issue is priced at ₹202 per share. The minimum order quantity is 70.
The IPO opens on Thu, Sep 22, 2016, and closes on Mon, Sep 26, 2016.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in HPL Electric IPO using UPI as a payment gateway. Zerodha customers can apply in HPL Electric IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HPL Electric IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HPL Electric IPO opens on Thu, Sep 22, 2016 and closes on Mon, Sep 26, 2016.
HPL Electric IPO lot size is 70, and the minimum amount required for application is ₹14,140.
You can apply in HPL Electric 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 HPL Electric IPO will be done on Thursday, September 29, 2016, and the allotted shares will be credited to your demat account by Mon, Oct 3, 2016. Check the HPL Electric IPO allotment status.
The HPL Electric IPO listing date is on Tue, Oct 4, 2016.
