HP Telecom India IPO subscribed 1.91 times overall on the last day, a retail quota was subscribed over 1.85 times, NII was subscribed over 1.97 times, and QIB was subscribed over 0.00.
HP Telecom India IPO details
HP Telecom India got approval from SEBI for an IPO of ₹34.23 crores. This IPO comprises entirely a fresh issue of ₹34.23 crores with a face value of ₹10 each. Further, it had a set price band between ₹108 per share.
In HP Telecom India IPO 1,200 shares were in 1 lot size for retail minimum and maximum category.
Moreover, 2,400 shares were in 2 lot sizes for the S-HNI category.
To invest in the HP Telecom India IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,29,600.
- SHNI (S-HNI): Minimum investment of ₹2,59,200.
HP Telecom India IPO’s Subscription Duration
HP Telecom India IPO’s subscription started on February 20, 2025, and closed on February 24, 2025. The HP Telecom India IPO’s allotment date was February 25, 2025, and they received a refund on February 27, 2025. HP Telecom India IPO listing is on February 28, 2025.
HP Telecom India Funds Deployment
- The proceeds raised through the fresh issue will be used for Funding the working capital requirements of the company.
- Whereas the remaining funds will be used for the company’s General Corporate Purposes.
About HP Telecom India Company
HP Telecom India Private Limited was founded on March 26, 2011, and is one of the leading companies known for mobile phones, accessories, and related products. With the help of the company’s founders, the company achieved the legal rights to sell Sony LED TVs, mobiles, and other phone brands in different parts of Gujarat during 2014-15. Along with these products, the company expanded its business by selling more products like home theaters, air conditioners, and other home appliances in the same year. Over the years, they expanded their product range and the areas they supply by adding mobile brands like Nokia, Micro Max, Intex, Gionee, and Karbonn to their business. In order to, expand their geographical reach, companies’ promoters are exploring new product lines such as Mobile like Nokia, Micro Max, Intex, Gionee, and Karbonn Mobiles, because promoters are skilled and experienced. In 2024, this company has a total of 7 permanent and 84 employees on a contract basis.
HP Telecom India IPO Company Financial Report
The company reported revenue of ₹1,079.77 crores in 2024 against ₹638.47 crores in 2023. The company reported a profit of ₹8.6 crores in 2024 against a profit of ₹6.35 crores in 2023.
