The three-day subscription window for HP Telecom India IPO comes to an end today i.e. February 24, 2025. The public issue received subscription 1.85 times in the retail category and 1.97 times in the NII category, as per latest updates available at 6:20 pm. The IPO fixed its IPO price at Rs 108 apiece. Investors need to bid for a minimum of 1200 share per lot while minimum amount requirement by retail investors is Rs 1,29,600. Meanwhile, minimum lot size for HNI remains at 2 lots or 2400 shares that will amount to Rs 2,59,200.
HP Telecom Subscription Today
Earlier on Day 1, the issue was booked 72 times (62% subscription in retail category and 81% in the NII category). On Day 2, the IPO was subscribed 1.26 times (1.06 times subscription in the retail category and 1.45 times in the NII category). Meanwhile, on the final day, the issue has been booked 1.91 times ( 1.85 subscription in the retail category and 1.97 times in the NII category).
HP Telecom India GMP Today
The latest grey market premium or GMP of HP Telecom is Nil. With price band of Rs 108 per share, the expected listing price of the SME IPO is Rs 108.
The Gujarat-based company plans to raise 34.23 crore from primary market via IPO. The IPO is a fresh issue of 31.69 lakh shares. Allotment for HP Telecom India is expected to get finalised by tomorrow i.e. February 25, 2025. The IPO will list on NSE SME platform with expected listing date set as February 28, 2025.
HP Telecom India Price Band
the IPO price is set at Rs 108 per share. The minimum lot size for an application remains 1200 while minimum amount requirement by retail investors is Rs 1,29,600. On the other hand, minimum lot size for HNI remains at 2 lots or 2400 shares that will amount to Rs 2,59,200.
HP Telecom earned over 80% of its revenue through Apple products and plans to utilise IPO money for its working capital requirements, and general corporate purpose.
Book Running Lead Manager
The book running lead manager is Interactive Financial Services Ltd. Meanwhile, Bigshare Services Pvt Ltd is the registrar. Market maker for the IPO is Aftertrade Broking Pvt Ltd.
About
The Gujarat based company operates in distribution of mobile phones and consumer electronics. It keeps its major focus on Apple. It has exclusive distribution rights in specific Indian states such as Madhya Pradesh and Gujarat. It also bagged exclusive distribution rights for Sony LED TVs, Mobiles, and other brands in Gujarat.
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