The HPL Electric IPO is a book-built offering for Rs 361.00 crore. Bidding for the HPL Electric IPO began on September 22, 2016 and finished on September 26, 2016. The HPL Electric IPO allotment was completed on Thursday, September 29, 2016. On October 4, 2016, the shares were listed on the BSE and NSE. The pricing range for HPL Electric’s IPO is $175 to 202 per share. An application requires a minimum lot size of 70 shares. Retail investors must make a minimum investment of $14,140.
HPL Electric & Power Ltd., founded in 1992, is an electric equipment manufacturing company that manufactures and sells electric equipment such as metering systems, switchgear, lighting equipment, and wires and cables under the HPL name. The company’s portfolio includes single phase, three phase, LTCT, and prepayment meters; switchgear, such as air circuit breakers, mini circuit breakers, on-load changeover switches, control gears, modular switches, and moulded case circuit breakers; and distribution panels under the HPL Techno, HPL
Rakshak and Bsafe brands; light-emitting diode lamps, luminaires, and compact fluorescent lamps; and wires and cables. HPL sells their products to institutional, non-institutional, and corporate customers, as well as developers of residential and commercial building projects, OEMs, and industrial customers, through a network of authorized dealers or distributors, using a combination of direct sales and supply through the authorized dealer network. They also supply their products to power utilities, mostly through direct contractual relationships with energy boards and power distribution firms, as well as through project contractors.
HPL Electric IPO Details
| 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 |
HPL Electric IPO Timeline
| 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 |
HPL Electric IPO Reservation
| 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 Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 70 | ₹14,140 |
| Retail (Max) | 14 | 980 | ₹197,960 |
Objects of the Issue (HPL Electric IPO Objectives)
The object of the issue is to:
- Repayment/ prepayment of certain indebtedness;
- Funding working capital requirements; and
- General corporate purposes.
HPL Electric IPO Listing Details
| Listing Date | October 4, 2016 |
| BSE Script Code | 540136 |
| NSE Symbol | HPL |
| ISIN | INE495S01016 |
| Final Issue Price | ₹202 per share |
HPL Electric Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹202.00 | ₹202.00 |
| Open | ₹190.05 | ₹190.00 |
| Low | ₹184.30 | ₹184.25 |
| High | ₹198.00 | ₹198.00 |
| Last Trade | ₹189.05 | ₹189.30 |
HPL Electric & Power Ltd Contact Details
HPL Electric & Power Ltd
1/21, Asaf Ali Road,
New Delhi 110 002
Phone: +91 11 2323 4411
Email: [email protected]
Website: http://www.hplindia.com
HPL Electric IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com
HPL Electric IPO FAQs
Q1. What is the HPL Electric IPO?
Ans. HPL Electric IPO is a main-board IPO of [.] equity shares of the face value of ₹10, aggregating up to ₹361.00 crore. 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.
Q2. When HPL Electric IPO will open?
Ans. The HPL Electric IPO opens on September 22, 2016 and closes on September 26, 2016.
Q3. What is the lot size of the HPL Electric IPO?
Ans. HPL Electric IPO lot size is 70 shares, and the minimum amount required is ₹14,140.
Q4. When is the HPL Electric IPO listing date?
Ans. The HPL Electric IPO listing date is on October 4, 2016.
