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HPL Electric IPO is a book built issue of Rs 361.00 crores.
HPL Electric IPO bidding started from September 22, 2016 and ended on September 26, 2016. The allotment for HPL Electric IPO was finalized on Thursday, September 29, 2016. The shares got listed on BSE, NSE on October 4, 2016.
HPL Electric IPO price band is set at ₹175 to ₹202 per share. The minimum lot size for an application is 70 Shares. The minimum amount of investment required by retail investors is ₹14,140.
ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and SBI Capital Markets Limited are the book running lead managers of the HPL Electric IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to HPL Electric IPO RHP for detailed information.
| IPO Date | September 22, 2016 to September 26, 2016 |
| Listing Date | October 4, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹175 to ₹202 per share |
| Lot Size | 70 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹361.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 46,429,199 |
| Share holding post issue | 64,300,486 |
HPL Electric IPO offers 14,440,001 shares. 4,125,715 (28.57%) to QIB, 3,094,286 (21.43%) to NII, 7,220,000 (50.00%) to RII. 103,142 RIIs will receive minimum 70 shares and (sNII) and (bNII) will receive minimum 1,050 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 4,125,715 (28.57%) | NA |
| NII (HNI) Shares Offered | 3,094,286 (21.43%) | |
| Retail Shares Offered | 7,220,000 (50.00%) | 103,142 |
| Total Shares Offered | 14,440,001 (100%) |
HPL Electric IPO opens on September 22, 2016, and closes on September 26, 2016.
| IPO Open Date | Thursday, September 22, 2016 |
| IPO Close Date | Monday, September 26, 2016 |
| Basis of Allotment | Thursday, September 29, 2016 |
| Initiation of Refunds | Friday, September 30, 2016 |
| Credit of Shares to Demat | Monday, October 3, 2016 |
| Listing Date | Tuesday, October 4, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2016 |
Investors can bid for a minimum of 70 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,140 |
| Retail (Max) | 14 | 980 | ₹197,960 |
| Lot Size Calculator | |||
Incorporated in 1992, HPL Electric & Power Ltd is a electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's portfolio includes single phase, three phase, LTCT, and prepayment meters; switchgears, such as air circuit breakers, mini circuit breakers, on-load changeover switches, control gears, modular switches, and moulded case circuit breakers distribution panels under the HPL Techno, HPL Rakshak, and bsafe brands; light-emitting-diode lamps, luminaires, and compact fluorescent lamps; and wires and cables. Visit chittorgarh.com for more detail.
HPL supply their products through a network of authorized dealers or distributors to institutional, non-institutional and corporate customers as well as developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through authorized dealer network. They also supply their products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors.
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | |
| Total Assets | 13,489.73 | 11,417.30 | 9,857.00 | 9,071.08 | 7,678.04 |
| Total Revenue | 11,201.19 | 10,498.32 | 10,122.77 | 9,075.44 | 7,188.55 |
| Profit After Tax (PAT) | 370.43 | 344.43 | 287.84 | 314.14 | 287.56 |
The object of the issue are to:
1. Repayment/ prepayment of certain indebtedness;
2. Funding working capital requirements; and
3. General corporate purposes.
[Dilip Davda] Although the company is established player in the electrical equipments sector, higher pricing is the major concern. Long term investors may consider small lot for investment in this IPO. Read detail review...
The HPL Electric IPO is subscribed 8.06 times on September 26, 2016 6:00:00 PM. The public issue subscribed 3.31 times in the retail category, 5.77 times in the QIB category, and 22.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 5.77 |
| NII | 22.20 |
| Retail | 3.31 |
| Total | 8.06 |
| Listing Date | October 4, 2016 |
| BSE Script Code | 540136 |
| NSE Symbol | HPL |
| ISIN | INE495S01016 |
| Final Issue Price | ₹202 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹202.00 |
| ₹190.05 |
| ₹184.30 |
| ₹198.00 |
| ₹189.05 |
| NSE |
|---|
| ₹202.00 |
| ₹190.00 |
| ₹184.25 |
| ₹198.00 |
| ₹189.30 |
HPL Electric & Power Ltd
1/21, Asaf Ali Road,
New Delhi 110 002
Phone: +91 11 2323 4411
Email: hplcs@hplindia.com
Website: http://www.hplindia.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hplep.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
HPL Electric IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹361.00 Crores. The issue is priced at ₹175 to ₹202 per share. The minimum order quantity is 70 Shares.
The IPO opens on September 22, 2016, and closes on September 26, 2016.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The HPL Electric IPO opens on September 22, 2016 and closes on September 26, 2016.
HPL Electric IPO lot size is 70 Shares, and the minimum amount required is ₹14,140.
You can apply in HPL Electric IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HPL Electric IPO will be done on Thursday, September 29, 2016, and the allotted shares will be credited to your demat account by Monday, October 3, 2016. Check the HPL Electric IPO allotment status.
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Result will declare on 14th November..