HP Telecom India IPO Subscription started on February 20, 2025, and will close on February 24, 2025, as per the schedule. The price band is set at ₹108 per share with a face value of ₹10.
HP Telecom India IPO Subscription Status
HP Telecom India IPO Subscribed over 0.71x on its First day till 5.00 PM on 20th February 2025.
- HP Telecom India IPO subscription QIB investors portion is 0 times, while NII subscribed 0.81 times and RII investors subscribed 0.61 times.
- The company has received bids for 21,42,000 shares against 30,09,601 shares on offer on the First day of subscription.
- HP Telecom India IPO subscribed over 0.71x on its First day.
About HP Telecom India Company
HP Telecom India Limited, established in March 2011, provides mobile phones and accessories. In the fiscal year 2014-15, the company obtained exclusive distribution rights for Sony LED TVs, mobile phones, and other brands in Gujarat.
The directors of HP Telecom India Limited include Vijay Lalsingh Yadav, Seemabahen Vijay Yadav, Bharatlal Lalsingh Singh, Dinesh Ram Nath Yadav, Chirag Jitendra Sheth, Hemant Ashwinkumar Jethwa, and Barkha Jain. During the fiscal year 2015-16, the company enhanced its distribution portfolio by securing exclusive rights to distribute Jio products as the West Region Trade Partner for Gujarat.
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 Financial Report
The company reported revenue of ₹1,079.77 crores in 2024 against ₹638.47 crore in 2023. The company reported profit of ₹8.6 crores in 2024 against profit of ₹6.35 crores in 2023.
HP Telecom India IPO GMP
HP Telecom India IPO GMP was ₹0 as of Thursday, 20th February 2025. That indicates the IPO is trading at ₹108 with ₹0 premium in the grey market against the issue price of ₹108.
