HP Telecom India Listing: Shares debut at 6.53% premium on NSE SME

HP Telecom India Shares Listing: HP Telecom India made a modest market debut on Friday, February 28, listing at Rs 115.05 on NSE SME, a premium of 6.53 per cent over its issue price of Rs 108.The company’s initial public offering (IPO), valued at Rs 34.23 crore, was open for subscription from February 20 to February 25.

The IPO, priced at Rs 108 per share, comprised a fresh issue of 31.69 lakh shares. During the bidding period, HP Telecom India IPO saw decent demand, closing with an overall subscription of 1.91 times. The issue received bids for 57.54 lakh shares against the 30.09 lakh shares on offer. The retail investor category was subscribed 1.85 times, while the non-institutional investor (NII) segment saw a subscription of 1.97 times.

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HP Telecom India: IPO details

HP Telecom India IPO, a fixed price issue worth Rs 34.23 crore, concluded its bidding on February 24, with allotments finalised on February 25. The minimum lot size for retail investors was set at 1,200 shares, requiring an investment of Rs 1,29,600. For high-net-worth individuals (HNIs), the minimum lot size was two lots (2,400 shares), amounting to Rs 2,59,200.

Interactive Financial Services Ltd acted as the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd was the registrar. Aftertrade Broking Pvt Ltd served as the market maker for the issue.

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About HP Telecom India

The public issue raised approximately Rs 34 crore, with proceeds earmarked for working capital requirements and general corporate purposes.

Established in March 2011, HP Telecom India Limited started as a distributor of mobile phones and accessories. In FY 2014-15, the company secured exclusive distribution rights for Sony LED TVs, mobiles, and other consumer electronics in Gujarat, later expanding its product portfolio to LCD/LED home theatres, air conditioners, and other appliances.

Currently, HP Telecom is an exclusive distributor of Apple products across Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. The company’s product lineup includes iPhones, iPads, Mac devices, and Apple Watches, catering to premium tech consumers in these regions.