
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
Close
24 Feb 2025
Allotment
25 Feb 2025
Refund
26 Feb 2025
Demat Credit
27 Feb 2025
Listing
28 Feb 2025
Overall Subscription
1.96x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
2.08x
High Net-Worth
Retail (RII)
1.85x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,504,800 | 3,123,600 | 2.08x |
| RETAIL | 1,504,800 | 2,790,000 | 1.85x |
| Total | 3,009,600 | 5,913,600 | 1.96x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | — | 0.00x |
| NIB | — | 176 | 0.00x |
| RETAIL | — | 2,325 | 0.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
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.
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.
Currently, HP Telecom India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹108 to ₹108 per equity share.
The retail lot size is 1200 shares requiring a minimum application amount of ₹1,29,600. Expected listing price is ₹108 per equity share.
The HP Telecom India Limited IPO aggregate issue size is ₹34.23 Crores with an equity price band set at ₹108 to ₹108 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,29,600.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.96x (Retail: 1.85x, QIB: 0.00x, NII: 2.08x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-02-25. Investors can verify status using PAN card or application number.
HP Telecom India Limited shares are scheduled to list on NSE on 2025-02-28.