HP Telecom India IPO Live
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Schedule of HP Telecom India
| Issue open date | 20 Feb 2025 |
| Issue close date | 24 Feb 2025 |
| UPI mandate deadline | 24 Feb 2025 (5 PM) |
| Allotment finalization | 25 Feb 2025 |
| Refund initiation | 27 Feb 2025 |
| Share credit | 27 Feb 2025 |
| Listing date | 28 Feb 2025 |
| Mandate end date | 11 Mar 2025 |
| Lock-in end date for anchor investors (50%) | 27 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 26 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About HP Telecom India
HP Telecom India, founded on March 26, 2011, has evolved from distributing mobile phones to becoming a major distributor of Apple products in Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh. Initially focused on mobile accessories, the company expanded its offerings under the guidance of its promoters to include home appliances and secured exclusive distribution rights for several mobile brands and Sony products in 2014-15. A significant development occurred in 2016 when it acquired distribution rights for Apple in the Vapi Region. Despite a brief foray into manufacturing N95 surgical masks during the COVID-19 pandemic, HP Telecom now primarily drives revenue through Apple products, which constitute over 80% of its sales, while continuing to diversify with brands like ‘Nothing’ and expanding trading operations in Karnataka.
Financials of HP Telecom India
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹34.23 crores |
| Fresh Issue | ₹34.23 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 30.00 (89.55%) |
| General corporate purposes | 3.50 (10.45%) |
Strengths
- Exclusive distributor for Apple in key Indian regions, driving 80% of revenue.
- Diverse portfolio includes leading brands like Jio and Nothing.
- Expanded operations into Karnataka for trading Apple accessories.
- Strong distribution network across multiple Indian states.
- Successfully pivoted to healthcare products during the COVID-19 pandemic.
Risks
- Heavy reliance on Apple products for the majority of revenue.
- Competitive pressures in the rapidly evolving tech market.
- Regulatory changes affecting operations, especially in electronics distribution.
- Risks associated with expansion into new markets like Karnataka.
- Potential disruptions from global supply chain issues.
Allotment Status for HP Telecom India
To check your allotment status – click here.
Subscription Figures for HP Telecom India
Subscription numbers as of 5:00 PM on 21 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| HNI (₹2L+) | 15.04 | 21.87 | 1.45x |
| Retail (upto ₹2L) | 15.04 | 15.76 | 1.05x |
| Total | 30.09 | 37.64 | 1.25x |