HP Telecom India IPO is a fixed-price issue worth ₹34.23 crore, consisting entirely of a fresh issue of 31.69 lakh shares. The subscription period opens on February 20, 2025, and closes on February 24, 2025. The allotment is expected to be finalised on February 25, 2025, with the listing scheduled on NSE SME on February 28, 2025.
The IPO is priced at ₹108 per share, with a minimum lot size of 1,200 shares. Retail investors need to invest at least ₹1,29,600, while High Net-worth Individuals (HNIs) must apply for at least two lots, amounting to ₹2,59,200.
Interactive Financial Services Ltd is the book-running lead manager for this IPO, while Bigshare Services Pvt Ltd is the registrar. Aftertrade Broking Pvt Ltd is the market maker. Investors can refer to the Red Herring Prospectus (RHP) for detailed insights into the company’s financials, objectives, and risks. The IPO aims to provide capital for business expansion, offering an opportunity for investors to participate in the company’s growth.
Industry Outlook
- India’s electronics exports grew by 13.8% in FY23, with a target to reach US$ 120 billion by FY26. The consumer electronics and appliances industry is expected to nearly double to ₹1.48 lakh crore by 2025.
- India’s mobile phone manufacturing surged from 60 million units in 2014-15 to 290 million units in 2020-21. As ICT hardware continues to grow, HP Telecom India Limited can leverage its expertise to cater to rising demand in telecom infrastructure, contributing to its business expansion and revenue growth.
HP Telecom India IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- The funds will support daily operations, ensuring smooth business activities and financial stability.
- The remaining funds will be used for general corporate purposes.
About HP Telecom India Limited
HP Telecom India Limited, established on March 26, 2011, began as a distributor of mobile phones, accessories, and related products. Under the leadership of its promoters, Vijay Yadav, Seema Yadav, and Bharatlal Lalsingh Singh, the company secured exclusive distribution rights for Sony LED TVs and mobile phones in Gujarat during the 2014-15 financial year. Over time, the product portfolio expanded to include home appliances such as LCD/LED home theatres and air conditioners.
The company steadily grew its distribution network by adding mobile brands like Nokia, Micromax, Intex, Gionee, and Karbonn. In 2015-16, it secured exclusive distribution rights for Jio products in Gujarat. Recognising India’s potential as a key market for Apple, HP Telecom acquired distribution rights for the Vapi region, strengthening its presence in the premium technology segment.
Currently, it is an exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, parts of Uttar Pradesh, and major cities in Gujarat. The portfolio includes iPhones, iPads, MacBooks, and Apple Watches. Additionally, the company distributes Nothing smartphones in Gujarat and operates trading activities in Karnataka.
Apple products contribute over 80% of the company’s revenue, with the remainder generated from brands such as Jio and Infinix. By continuously expanding its distribution reach and product range, HP Telecom remains a significant player in India’s technology distribution market.
How To Check the Allotment Status of the HP Telecom India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for HP Telecom India IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the HP Telecom India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of HP Telecom India IPO
Registered office: Plot No – 97, 01st Floor, Om Square, Near Ishwar Farm, BRTS Canal Road, Bhatar, Althan, Surat 395017, Gujarat, India
Phone: +91 9825309977
E-mail: compliancehptl@gmail.com
HP Telecom India IPO Reservation
|
Investor Category |
Shares Offered |
|
Retail Shares Offered |
50% of the Net Issue |
|
Other Shares Offered |
50% of the Net Issue |
HP Telecom India IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,200 |
₹1,29,600 |
|
Retail (Max) |
1 |
1,200 |
₹1,29,600 |
|
HNI (Min) |
2 |
2,400 |
₹2,59,200 |
HP Telecom India IPO Promoter Holding
Vijay Lalsingh Yadav, Seemabahen Vijay Yadav and Bharatlal Lalsingh Singh. are the promoters of the company.
|
Share Holding Pre-Issue |
99.99% |
|
Share Holding Post Issue |
73.40% |
Key Performance Indicators for HP Telecom India IPO
As of March 31, 2024, the market capitalisation of HP Telecom India's IPO is ₹128.68 crore. Here are the KPIs of HP Telecom India:
|
KPI |
Value |
|
RoE(%) |
29.56 |
|
RoCE (%) |
66.62 |
|
Price to Book Value |
3.24 |
|
PAT Margin |
0.81 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
9.84 |
8.79 |
|
P/E (x) |
10.98 |
12.28 |
Note: Pre-IPO EPS is based on pre-issue shareholding and FY24 earnings as of March 31, 2024, from the RHP. Post-issue EPS is based on post-issue shareholding and annualised earnings as of September 30, 2024, from the RHP.
HP Telecom India IPO Prospectus
HP Telecom India IPO Registrar and Lead Managers
HP Telecom India IPO Lead Managers
- Interactive Financial Services Limited
Registrar for HP Telecom India IPO
Bigshare Services Pvt Limited
- Contact Number: +91-22-6263 8200
- Email Address:ipo@bigshareonline.com
HP Telecom India IPO Registrar
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue from operations (in ₹ lakh) | 1,05,891.92 | 63,750.83 |
| PAT (in ₹ lakh) | 860.49 | 635.23 |
| EBITDA (in ₹ lakh) | 1,947.33 | 1,285.32 |
| RONW (%) | 29.56 | 30.97 |
| RoE (%) | 29.56 | 30.97 |
| Total Borrowings (in ₹ lakh) | 10,015.32 | 5,929.01 |
| Return on capital employed (%) | 66.62 | 62.41 |
Know before investing
Strengths
5Exclusive Apple distributor in MP, Chhattisgarh, Gujarat, and parts of UP.
Over 80% revenue comes from Apple product distribution.
Led by Vijay Yadav with 21+ years of industry experience.
A strong supplier network ensures smooth operations and cost efficiency.
Financially stable with strong liquidity and investment capabilities.
Risks
5Dependence on OEMs for supply may impact business and profitability.
Over 80% revenue reliance on Apple poses concentration risk.
Legal proceedings against the company and directors may affect operations.
Lack of long-term customer agreements leads to sales uncertainty.
Product defects could result in liability claims and reputational damage.
HP Telecom India Limited Peer Details Comparison
| Company | EPS | NAV (Per Share) | RONW (%) | Total Income (₹ in lakhs) |
|---|---|---|---|---|
| HP Telecom Limited | 13.48 | 33.29 | 29.56 | 1,07,977.33 |
| Bhatia Communications & Retail (India) Ltd | 0.92 | 5.28 | 17.44 | 41,540.03 |
| Jay Jalaram Technologies Limited | 4.37 | 25.59 | 17.07 | 53,953.77 |
