HP Telecom India IPO - Day 3 Subscription at 1.50 Times

HP Telecom India's initial public offering (IPO) has demonstrated steady growth through its three-day subscription period. The ₹34.23 crore IPO has witnessed consistent improvement in demand, with subscription rates progressing from 0.72 times on day one, strengthening to 1.26 times on day two, and reaching 1.50 times by 11:24 AM on the final day, showing strong investor confidence in this exclusive Apple products distributor.

HP Telecom India IPO’s Non-Institutional Investors (NII) segment has emerged as the strongest performer, achieving 1.61 times subscription, while the retail portion has shown robust participation at 1.38 times. This balanced response across investor categories is particularly noteworthy given the company's strategic position as an exclusive distributor of Apple products across major regions including Madhya Pradesh, Chhattisgarh, and select cities in Uttar Pradesh and Gujarat.
 

HP Telecom India IPO’s overall response to this specialized distribution company IPO has gathered significant momentum, with total applications reaching 1,853. The cumulative bid amount of ₹48.74 crores against the issue size demonstrates strong investor interest in the company's business model, which combines exclusive distribution rights with a robust network of suppliers and a proven track record in the premium technology products segment.

Subscription Status of HP Telecom India IPO:

Here are the subscription details for HP Telecom India IPO as of Day 3 (February 24, 2025, 11:24 AM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

HP Telecom IPO - Day 3 Subscription

Key Highlights:

• Overall subscription reaching 1.50 times demonstrating strong investor confidence
• NII segment leading with robust 1.61 times subscription, showing institutional trust in business model
• Retail investors demonstrating significant interest at 1.38 times subscription
• Total applications reaching 1,853, indicating broad-based participation
• Cumulative bid amount reaching ₹48.74 crores against ₹34.23 crore issue size
• Strong NII momentum with bids worth ₹26.24 crores
• Retail segment showing substantial interest with ₹22.50 crores in bids
• Final day witnessing balanced participation across categories
• Distribution expertise attracting investor attention
• Apple partnership driving investor confidence
• Market response validating business model
• Regional market leadership drawing interest
• Strong brand portfolio supporting subscription
• Premium segment positioning resonating with investors

HP Telecom IPO - Day 2 Subscription at 1.26 Times

Key Highlights:

• Overall subscription improving to 1.26 times showing steady growth
• NII portion reaching 1.45 times demonstrating growing confidence
• Retail investors crossing the milestone of 1.06 times
• Day two maintaining strong momentum
• Market response indicating increasing trust
• Distribution network strength attracting interest
• Premium brand portfolio driving participation
• Second day building on strong opening
• Institutional backing showing steady growth
• Regional market presence supporting interest
• Exclusive partnerships drawing attention
• Business model validation continuing
• Operational excellence reflecting in subscription
• Strategic positioning attracting investors

HP Telecom IPO - Day 1 Subscription at 0.72 Times

Key Highlights:

• Overall subscription opening at 0.72 times showing promising start
• NII segment beginning strongly at 0.81 times
• Retail investors showing early interest at 0.62 times
• Opening day demonstrating balanced response
• Initial momentum indicating market confidence
• Distribution expertise driving early interest
• First day setting positive foundation
• Market response suggesting strong potential
• Premium segment focus attracting attention
• Day one establishing strong base
• Brand partnerships generating interest
• Regional leadership drawing participation
• Opening momentum building steadily
• Strategic positioning garnering attention

About HP Telecom India Limited

THP Telecom India Limited, established in March 2011, has evolved from a mobile phone distributor to become a strategic distribution partner for premium technology brands, most notably securing exclusive distribution rights for Apple products across major regions including Madhya Pradesh, Chhattisgarh, and select cities in Uttar Pradesh and Gujarat. The company's growth journey began with Sony LED TVs and mobile phones, gradually expanding to include a comprehensive range of electronic products and accessories.

Their business model demonstrates exceptional strategic positioning through exclusive distribution rights for premium brands, particularly Apple's complete product ecosystem including iPhones, iPads, Macs, and Apple Watches. Their operations are supported by a lean yet efficient workforce of 7 permanent employees and 84 contractual staff, enabling flexible scalability while maintaining operational efficiency in servicing their extensive distribution network.

Their financial performance shows remarkable growth with revenue increasing from ₹638.47 crores in FY2023 to ₹1,079.77 crores in FY2024, while profit after tax rose from ₹6.35 crores to ₹8.60 crores. For the six months ended September 30, 2024, the company reported revenue of ₹594.19 crores with a PAT of ₹5.24 crores, demonstrating strong operational efficiency in the premium technology distribution sector.

Highlights of the HP Telecom IPO:

• IPO type: Fixed Price Issue IPO
• IPO size: ₹34.23 crores
• Fresh Issue: 31.69 lakh shares
• Face value: ₹10 per share
• Issue price: ₹108 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,29,600
• Minimum investment for HNI: ₹2,59,200 (2 lots)
• Market maker reservation: 1,59,600 shares
• Listing at: NSE SME
• IPO opens: February 20, 2025
• IPO closes: February 24, 2025
• Allotment date: February 25, 2025
• Refund initiation: February 27, 2025
• Credit of shares: February 27, 2025
• Listing date: February 28, 2025
• Lead Manager: Interactive Financial Services Ltd
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Aftertrade Broking Pvt Ltd