HP Telecom India Share Price Make Market Debut at ₹115.05 on NSE SME

Market Performance

HP Telecom India shares commenced trading on February 28, 2025, on the NSE SME platform at ₹115.05 per share, reflecting a 6.53% increase from the IPO issue price of ₹108.

The company's initial public offering (IPO) was valued at ₹34.23 crore and remained open for subscription from February 20 to February 25. The offering saw substantial demand, achieving a subscription rate of 1.91 times, with bids for 57.54 lakh shares compared to the 30.09 lakh shares available. The retail investor category recorded a subscription of 1.85 times, while the non-institutional investor (NII) segment was subscribed 1.97 times.

IPO Details

The HP Telecom IPO consisted of a fresh issue of 31.69 lakh shares, with no offer for sale (OFS) component. Retail investors could participate with a minimum lot size of 1,200 shares, requiring an investment of ₹1.29 lakh.

Funds raised through the IPO will be used to meet the company's working capital needs and for general corporate purposes. Interactive Financial Services Ltd was the lead manager for the issue, and Bigshare Services Pvt Ltd served as the registrar. Aftertrade Broking Pvt Ltd acted as the market maker for the IPO.

Company Overview

Founded in March 2011, HP Telecom India Limited initially distributed mobile phones and related accessories. By FY 2014-15, the company had expanded its product distribution portfolio, securing exclusive rights for Sony LED TVs, mobile phones, and other electronic appliances across Gujarat. Over the years, the company diversified its offerings to include LCD/LED home theatres, air conditioners, and other consumer electronics.

Currently, HP Telecom holds exclusive distribution rights for Apple products in multiple regions, including Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and key urban centres in Gujarat. The company provides a range of Apple devices, such as iPhones, iPads, Mac computers, and Apple Watches, catering to a broad customer base in these regions.

Summary

HP Telecom India Limited's shares debuted on NSE SME at a premium of 6.53% over the IPO price. The IPO received strong investor participation, with an overall subscription of 1.91 times. The raised capital will support the company's working capital and corporate initiatives. Established as a mobile phone distributor, HP Telecom has since expanded its operations, now holding exclusive rights for Apple product distribution in various regions across India.