HPL Electric IPO Details - Price Band, Subscription, Allotment, Listing, GMP

HPL 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.

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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

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Fresh issue size	INR361 crore
Repayment of debt	INR130 crore
Working capital requirements	INR180 crore

[/vc_tta_section][vc_tta_section title=”Capital structure” tab_id=”1458479806356-0ea35d5d-db868351-3bc081d1-3f79″]

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

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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

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HPL Electric’s IPO Subscription Details

Category	Shares offered	Subscription (no. of times, at 7 PM)
Category	Shares offered	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: [email protected]
Website: www.hplindia.com

What we are reading

Engineering Review: HPL: The Innovator Of Technology In India

Project Reporter: Lalit Seth, Chairman and Managing Director, HPL Electric & Power Ltd

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: [email protected]
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)

2 COMMENTS

IMRAN October 1, 2016 At 1:37 PM

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

Reply
- IMRAN October 3, 2016 At 4:35 PM
  
  i check sir but not available to status
  so pls help us
  
  Reply