HP TELECOM INDIA LIMITED 34 crore IPO : Check Important Dates, Financials, Objectives and More Details about the Company

HP TELECOM INDIA LIMITED IPO

HP Telecom India Limited is set to launch its Initial Public Offering (IPO) on February 20, 2025, aiming to raise approximately ₹34.23 crores. The IPO will close on February 24, 2025, with shares priced at ₹108 each.

Company Overview Established in March 2011, HP Telecom India Limited specializes in the distribution of mobile phones and accessories. The company expanded its portfolio by securing exclusive distribution rights for Sony LED TVs and mobile phones in Gujarat during the fiscal year 2014-15. In 2015-16, HP Telecom India further broadened its offerings by becoming the West Region Trade Partner for Jio products in Gujarat. HP Telecom India Limited Financial Performance In the fiscal year 2024, HP Telecom India reported revenues of ₹1,079.77 crores, a significant increase from ₹638.47 crores in 2023. The company’s profit after tax (PAT) also rose to ₹8.6 crores in 2024, up from ₹6.35 crores in 2023. IPO Details

• Issue Size: Approximately ₹34.23 crores
• Price Band: ₹108 per equity share
• Face Value: ₹10 per equity share
• Issue Type: Fixed Price Issue
• Listing: National Stock Exchange (NSE) SME segment
• Retail Quota: Up to 50%
• Non-Institutional Investors (NII) Quota: Up to 50%
• Minimum Application Lot Size: 1,200 shares (₹1,29,600)
• IPO Open Date: February 20, 2025
• IPO Close Date: February 24, 2025
• Basis of Allotment: February 25, 2025
• Refunds: February 27, 2025
• Credit to Demat Account: February 27, 2025
• Listing Date: February 28, 2025

Use of Proceeds/Objectives The funds raised through this IPO will be utilized for:

• Funding the working capital requirements of the company
• General corporate purposes.

SWASTH FOODTECH SME IPO DETAILS

Investment Considerations HP Telecom India’s consistent revenue growth and strategic partnerships with major brands like Sony and Jio underscore its strong market position. The company’s expansion into diverse product lines and its robust financial performance make it a noteworthy consideration for investors. However, potential investors should conduct thorough due diligence and consider market conditions before making investment decisions. Conclusion HP Telecom India Limited’s upcoming IPO presents an opportunity to invest in a company with a solid track record in the mobile distribution sector. With a strategic growth trajectory and a diversified product portfolio, HP Telecom India is poised for continued success in the telecommunications industry.

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Disclaimer:

This blog is written only for educational and news purposes, investing in SME IPO is very risky take the independent advice from your financial advisor before investing. Here we are giving the information only about the company’s performance. Please verify the details because its a AI generated article.