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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 ₹202.00 per share . The lot size for an application is 70. The minimum amount of investment required by an retail is ₹12,250 (70 shares). 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 Date | September 22, 2016 to September 26, 2016 |
| Listing Date | October 4, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹175 to ₹202 per share |
| Issue Price Final | ₹202 per share |
| Lot Size | 70 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,78,71,287 shares (aggregating up to ₹361.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,64,29,199 shares |
| Share Holding Post Issue | 6,43,00,486 shares |
HPL Electric IPO offers total 1,78,71,287 shares. Out of which 89,35,642 (50.00%) allocated to QIB, 35,74,257 (20.00%) allocated to QIB, 26,80,694 (15.00%) allocated to NII, 62,54,951 (35.00%) allocated to RII and 53,61,385 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
HPL Electric IPO opens on September 22, 2016, and closes on September 26, 2016.
| IPO Open Date | Thu, Sep 22, 2016 |
| IPO Close Date | Mon, Sep 26, 2016 |
| Tentative Allotment | Thu, Sep 29, 2016 |
| Initiation of Refunds | Fri, Sep 30, 2016 |
| Credit of Shares to Demat | Mon, Oct 3, 2016 |
| Tentative Listing Date | Tue, Oct 4, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 26, 2016 |
Investors can bid for a minimum of 70 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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.
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 13,489.73 | 11,417.30 | 9,857.00 | 9,071.08 | 7,678.04 |
| Total Revenue | 11,201.19 | 10,498.32 | 10,122.77 | 9,075.44 | 7,188.55 |
| Profit After Tax (PAT) | 370.43 | 344.43 | 287.84 | 314.14 | 287.56 |
The Company HPL Electric IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment/ prepayment of certain indebtedness | 130.00 |
| 2 | Funding working capital requirements | 180.00 |
| 3 | General corporate purposes | 26.96 |
[Dilip Davda] Although the company is established player in the electrical equipments sector, higher pricing is the major concern. Long term investors may consider small lot for investment in this IPO. Read detail review...
| Listing Date | October 4, 2016 |
| BSE Script Code | 540136 |
| NSE Symbol | HPL |
| ISIN | INE495S01016 |
| Final Issue Price | ₹202 per share |
| BSE Listing Group | B |
HPL Electric & Power Ltd.
1/21, Asaf Ali Road,
New Delhi 110 002
Delhi, New Delhi
Phone: +91 11 2323 4411
Email: hplcs@hplindia.com
Website: http://www.hplindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hplep.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
HPL Electric IPO is a main-board IPO of 1,78,71,287 equity shares of the face value of ₹10 aggregating up to ₹361.00 Crores. The issue is priced at ₹202 per share. The minimum order quantity is 70.
The IPO opens on September 22, 2016, and closes on September 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 September 22, 2016 and closes on September 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 Monday, October 3, 2016. Check the HPL Electric IPO allotment status.
The HPL Electric IPO listing date is on Tuesday, October 4, 2016.
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