HP Telecom India came to market through an SME IPO that opened on 20 February 2025 and closed on 24 February 2025, and the shares listed on 28 February 2025 on NSE SME. The price band was ₹108 per share and one lot was 1200 shares, so the minimum application was ₹1,29,600. The issue size was ₹34.23 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Interactive Financial Services Ltd was the lead manager.
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HP Telecom India Limited was established in March 2011 and originally focused on selling mobile phones and accessories. It obtained exclusive distributor rights for Sony LED TVs, Mobiles, and other models of Gujarat during FY 2014-15. It added LCD/LED home theatres, air conditioners, and other products to its product base. Presently, HP Telecom is the authorized distributor for Apple products in Madhya Pradesh, Chhattisgarh, a few cities in Uttar Pradesh, and most urban areas in Gujarat.
The company provide the entire lineup of Apple products, such as the iPhone, iPad, Mac, and Apple Watch, to tech-conscious consumers in these areas. The company had 7 permanent staff and 84 contractual staff as of September 30, 2024.
As described in the offer document.
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Vijay Lalsingh Yadav, Seemabahen Vijay Yadav, Bharatlal Lalsingh Singh. Promoter holding 99.99% before the issue and 73.40% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
HP Telecom India IPO was a ₹34.23 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹108 per share with a lot size of 1,200 shares (₹1,29,600). The IPO was open from February 20 to February 24, 2025. Shares listed on NSE SME on February 28, 2025 at ₹115.05, a 6.5% premium to the issue price of ₹108. Bigshare Services Pvt Ltd is the registrar. Interactive Financial Services Ltd is the book running lead manager.
The issue price of HP Telecom India IPO is ₹108 per share (fixed price).
The lot size of HP Telecom India IPO is 1200 shares.
The minimum investment for HP Telecom India IPO is approximately ₹1,29,600 based on the issue price.
The allotment date of HP Telecom India IPO is Feb 25, 2025.
You can check HP Telecom India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the HP Telecom India IPO allotment status on Rupix for quick and easy access.
₹108 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1200 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,29,600. After listing, SME shares also trade in lots rather than one share at a time.
₹1,29,600, for one lot of 1200 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 20 February 2025 and closed on 24 February 2025.
The basis of allotment was published on 25 February 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 28 February 2025 on NSE SME.
The issue size was ₹34.23 crore. The fresh issue was 31,69,200 shares (aggregating up to ₹34.23 crore).