HPL LogoHPL Electric IPO

HPL Electric is an established electric equipment manufacturer in India, producing a range of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. The company claims to have the largest market share in the market for electricity energy meters in India in fiscal 2015 and the fifth largest market share for LED lamps. The company’s products verticals and their contribution to annual revenues is as follows:
Metering Solutions – 46.62% of FY2016 revenues
Lighting Equiments – 23.96%
Switchgears – 15.40%
Wires & Cables – 13.94%
Railway Electrification Projects – 0.09%
The company’s retail network comprises of over 2,400 authorized dealers or distributors as on March 31, 2016. HPL Electric has warehouses located in 21 states and union territories in India that are managed by  carrying and forwarding agents. In addition, the company supplies its 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.
HPL Electric has manufacturing plants in Gurgaon, Gharaunda (Karnal), Gannaur (Sonepat), Kundli (Sonepat), all in Haryana and Jabli in Himachal Pradesh. In addition, the company has two research and development (R&D) facilities in Gurgaon and Kundli.
Subscription Dates 22 – 26 September 2016
Price Band INR175 – 202 per share
Fresh Issue Size INR361 crore
Total IPO size INR361 crore
Minimum bid (lot size) 70 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE
Fresh issue size INR361 crore
Repayment of debt INR130 crore
Working capital requirements INR180 crore
Name of shareholder Equity Shares Percentage (%)
HPL India Limited 11,738,238 25.28
Havells Electronics Private Limited 11,652,130 25.10
Lalit Seth 7,703,098 16.59
Himachal Energy Private Limited 5,625,000 12.12
Havell’s Private Limited 2,842,655 6.12
Gautam Seth 2,231,740 4.81
Rishi Seth 2,231,740 4.81
Praveen Seth 2,133,098 4.59
Amerex India Private Limited 210,000 0.45
Chandra Prakash Jain 37,500 0.08
Total 46,405,199 99.96

HPL Electric’s financial performance (in INR crore)

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 724.3 915.7 1016.0 1051.8 1121.2
Total expenses 686.3 874.0 978.3 1007.9 1072.8
Profit after tax 28.3 31.4 28.3 34.6 36.6

HPL Electric’s IPO Subscription Details

Category Shares offered

Subscription (no. of times, at 7 PM) 

Day 1 Day 2 Day 3
QIB  4,125,715 0.00  0.35 5.76
NII  3,094,286 0.00 0.01  22.20
Retail  7,220,000  0.12 0.37  3.19
Total  14,440,001 0.06 0.29  8.00

HPL Electric IPO Allotment Status

HPL Electric’s IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

HPL Electric Contact Details

HPL Electric & Power Ltd 
1/21, Asaf Ali Road,
New Delhi 110 002

Phone: +91 011 2323 4411
Fax: +91 011 2323 2639
Email: hplcs@hplindia.com
Website: www.hplindia.com

Registrar of HPL Electric IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B,
Plot 31-32, Gachibowli, Financial District
Nanakramguda, Hyderabad 500 032
Telangana, India

Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com

Listing Performance of HPL Electric IPO

IPO Opening Date: 22 September 2016

IPO Closing Date: 26 September 2016

Finalisation of Basis of Allotment: 29 September 2016

Initiation of refunds: 30 September 2016

Transfer of shares to demat accounts: 3 October 2016

Listing Date: 4 October 2016

Listing Price on NSE: INR190 per share (discount of 5.9% on IPO price)

Closing Price on NSE: INR190 per share (discount of 5.9% on IPO price)

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8 Comments on "HPL Electric IPO"

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give me allotment details of hpl ipo so allotment ya not. application nmbr 24262070

Imran, this is the link to chk allotment http://kosmic.karvy.com:81/ipotrack/

i check sir but not available to status
so pls help us

Absolutely true, it is very expensive at these rates. Better to invest in bigger n more profitable companies. There must be even index companies available at these prices.

Some important figures for HPL Electric & Power

EPS
6.2 in 2013/14
7.42 in 2014/15
7.98 in 2015/16

PE ratio 25.6X at higher band of 202

Clear avoid, no hope of making money in this ipo

Sir your analysis has been correct in ICICI Pru and l&t. What do you suggest in endurance??

Frankly, HPL has not disappointed me as I was sure it will be a discounted listing…
Endurance has a much better busienss than HPL. Apply banta hai

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