HP Telecom India Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,504,800 (47%) | — | ₹1,625 Cr |
| Retail | — | 1,504,800 (47%) | — | ₹1,625 Cr |
| Market Maker | — | 159,600 (5%) | — | ₹17 Cr |
| Σ Total | — | 3,169,200 (100%) | — | ₹34,227 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹129,600 |
| Retail (Max) | 13 | 15,600 | ₹1,684,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,814,400 |
| B-HNI (Min) | 67 | 80,400 | ₹8,683,200 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 594 | 1,080 | 638 |
| Profit After Tax | 5 | 9 | 6 |
| Net Worth | 34 | 29 | 21 |
| Total Assets | 259 | 281 | 94 |
| Reserves & Surplus | 26 | 20 | 15 |
| Total Borrowing | 105 | 100 | 59 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding the working capital requirements of the company; and –
- General Corporate Purpose; –
Company Overview
Founded in March 2011, HP Telecom India Limited initially concentrated on distributing mobile phones and accessories. The company secured exclusive distribution rights for Sony LED TVs, Mobiles, and other brands in Gujarat during the fiscal year 2014-15. It also expanded its product portfolio to include LCD/LED home theatres, air conditioners, and other appliances.
Currently, HP Telecom is the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. The company offer a range of Apple devices, including the iPhone, iPad, Mac, and Apple Watch, catering to tech-savvy consumers in these regions
As of September 30, 2024, the company had 7 permanent employees and 84 employees on a contractual basis.
Competitive Strength:
- Exclusive Distribution Rights
- Strong Brand Reputation
- Experienced and Visionary Leadership
- Robust network and relationships with suppliers
- Financial Stability and Resources.