HP Telecom India IPO: Check Latest GMP, Subscription, Price Band And More

HP Telecom India Ltd. launched its initial public offering on Thursday. The exclusive distributor of Apply products in Madhya Pradesh and Chhatisgarh aims to mop up Rs 34.23 crore from the primary market through its IPO. Those who want to bid for shares in this NSE SME offer must check the following details before subscribing to the issue. 

The HP Telecom India IPO is a fresh issue of 31.69 lakh shares offered at a fixed price of Rs 108. The total offer size is valued at Rs 34.23 crore. The company has reserved 50% of the net offer size for retail investors and the training half for other investors. 

Retail investors can bid in the IPO with a minimum lot size of 1200 shares, totalling an investment of Rs 1,29,600. 

The subscription window for HP Telecom India IPO will remain open from Feb. 20 to Feb. 24. Allotment of shares is proposed to be finalised on Feb. 25.

Shares of HP Telecom India Ltd. are proposed to be listed on the NSE SME platform, Emerge, on Feb. 28

Interactive Financial Services Ltd. is the book-running lead manager of the HP Telecom India IPO. The company has appointed Bigshare Services Pvt Ltd. as the registrar and Aftertrade Broking Pvt Ltd. as the market maker for the IPO.

The HP Telecom IPO has been subscribed 0.71 times as of 5:54 p.m. on Thursday.

• Non-Institutional Investors: 0.81 times

• Retail Investors: 0.62 times

*The subscription status will be updated at regular intervals.

The grey market premium for the HP Telecom India IPO stood at Rs 0 as of 4:53 p.m. on Feb. 20, according to InvestorGain. This indicates a potential flat listing for the offer.

Note: GMP is not an official source of data and is based on speculation.

HP Telecom India Ltd. is in the business of distributing mobile phones and accessories. It is the sole distributor of Apple products in Chhattisgarh, Madhya Pradesh, and parts of Uttar Pradesh and Gujarat.

The company will use the proceeds from the IPO for funding working capital requirements and for general corporate purposes.

For FY24, the company's revenues stood at Rs. 1,079.77 crore, which was an increase of 69% from Rs. 638.47 crore in FY23. Profit after tax rose to Rs. 8.6 crore in FY24 from Rs. 6.35 crore in the previous fiscal. In the first half of FY25, the company reported a revenue of Rs 594.19 crore with a net profit of Rs 5.24 crore. 

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.