HP Telecom India IPO is a fixed price issue valued at ₹34.23 crores, consisting entirely of a fresh issue of 31.69 lakh shares.
The IPO will be open for subscription from February 20, 2025, to February 24, 2025. The allotment is expected to be finalized on February 25, 2025, with a tentative listing on NSE SME scheduled for February 28, 2025.
The IPO is priced at ₹108 per share. The minimum lot size for retail investors is 1,200 shares, requiring an investment of ₹1,29,600. For HNI (High Net-Worth Individuals), the minimum investment is 2 lots (2,400 shares), amounting to ₹2,59,200.
HP Telecom India IPO Details
| IPO Date | February 20, 2025 to February 24, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹108 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 31,69,200 shares (aggregating up to ₹34.23 Cr) |
| Fresh Issue | 31,69,200 shares (aggregating up to ₹34.23 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 87,45,510 shares |
| Share Holding Post Issue | 1,19,14,710 shares |
| Market Maker Portion | 1,59,600 shares |
HP Telecom India IPO Timeline
HP Telecom India IPO will be open for subscription from February 20, 2025, to February 24, 2025.
| IPO Open Date | Thu, Feb 20, 2025 |
| IPO Close Date | Mon, Feb 24, 2025 |
| Tentative Allotment | Tue, Feb 25, 2025 |
| Initiation of Refunds | Thu, Feb 27, 2025 |
| Credit of Shares to Demat | Thu, Feb 27, 2025 |
| Tentative Listing Date | Fri, Feb 28, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 24, 2025 |
HP Telecom India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
HP Telecom India IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The table below outlines the minimum and maximum investment for retail investors and HNI in terms of shares and investment amount:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,29,600 |
| Retail (Max) | 1 | 1200 | ₹1,29,600 |
| HNI (Min) | 2 | 2,400 | ₹2,59,200 |
About HP Telecom India Limited
Founded in March 2011, HP Telecom India Limited initially focused on the distribution of mobile phones and accessories. In 2014-15, the company secured exclusive distribution rights for Sony LED TVs, mobiles, and other brands in Gujarat. Over time, it expanded its product portfolio to include LCD/LED home theatres, air conditioners, and other appliances.
Currently, HP Telecom serves as the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat. The company offers a wide range of Apple devices, including iPhones, iPads, Mac computers, and Apple Watches, catering to tech-savvy consumers in these regions.
As of September 30, 2024, HP Telecom had 7 permanent employees and 84 contractual employees.
Frequently Asked Questions (FAQ)
What is HP Telecom India IPO?
HP Telecom India IPO is a fixed price public issue valued at *₹34.23 crores, consisting entirely of a fresh issue of 31.69 lakh shares
When does the HP Telecom India IPO open and close?
Opening Date: February 20, 2025
Closing Date: February 24, 2025
When will the HP Telecom India IPO allotment be finalized?
The IPO allotment is expected to be finalized on February 25, 2025
When and where will HP Telecom India IPO be listed?
The IPO will be listed on NSE SME, with a tentative listing date of February 28, 2025
What is the price of HP Telecom India IPO?
The issue price is ₹108 per share
What is the minimum and maximum investment required?
Retail Investors: Minimum 1,200 shares, requiring an investment of ₹1,29,600
HNI (High Net-Worth Individuals): Minimum 2,400 shares, requiring ₹2,59,200
Who are the key managers of the HP Telecom India IPO?
- Book Running Lead Manager: Interactive Financial Services Ltd
- Market Maker: Aftertrade Broking Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
How many shares are being offered in HP Telecom India IPO?
A total of 31.69 lakh shares are being offered in the issue.
What does HP Telecom India Limited do?
- Founded in March 2011, HP Telecom India Limited initially focused on distributing mobile phones and accessories. It later expanded its portfolio to include Sony LED TVs, home theatres, air conditioners, and other appliances
