What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the HP Telecom India Limited IPO allotment date?

The basis of allotment for HP Telecom India Limited IPO is scheduled to be finalized on 25 Feb 2025.

Where can I check HP Telecom India Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 26 Feb 2025.

IPO GreyPremiumLIVE

Grey Market Intelligence

HP Telecom India Limited

ListedSME

Telecommunications · NSE

HP Telecom India Limited, founded in March 2011, began as a distributor of mobile phones and accessories and later expanded by securing exclusive rights for Sony LED TVs, mobiles, and other electronics in Gujarat during FY 2014–15. Over time, it diversified into LCD/LED home theatres, air conditioners, and various appliances, eventually becoming the exclusive distributor of Apple products—including iPhones, iPads, Macs, and Apple Watches—across Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. As of September 30, 2024, the company employed 7 permanent and 84 contractual staff members.

Price Band

₹108

Issue Size

₹34.23 Cr

Lot Size

1200 shares

GMP

—

Est. Listing

₹108

at current GMP

Subscribed

1.96x

overall

Open

20 Feb 2025

24 Feb 2025

Allotment

25 Feb 2025

Refund

26 Feb 2025

Demat Credit

27 Feb 2025

Listing

28 Feb 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

HP Telecom India Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

25 Feb 2025

Basis finalization

Refunds Initiate

26 Feb 2025

Mandate release

Demat Credit

27 Feb 2025

Shares in demat

Listing Debut

28 Feb 2025

Trading begins

About HP Telecom India Limited Public Issue & Market Profile

HP Telecom India Limited is bringing an initial public offering (IPO) in the Telecommunications sector with an aggregate issue size of ₹34.23 Crores. The shares are offered at a price band of ₹108 to ₹108 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2025-02-24, the basis of allotment is scheduled to be finalized on 2025-02-25. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.