HP Telecom IPO Listing: Investors could purchase approximately 31.69 lakh shares of the business, which began its initial public offering (IPO) last week, for Rs 108 each. But only a little more than one subscription was made to the issue. Let’s learn more about the HP Telecom IPO listing in this piece of article.
About the HP Telecom IPO
Founded in March 2011, HP Telecom India Ltd. sells cell phones and accessories. Sony mobile phones, LED TVs, and other brands were distributed exclusively in Gujarat by the company during the 2014–15 fiscal year.
Hemant Ashwinkumar Jethwa, Barkha Jain, Dinesh Ram Nath Yadav, Bharatlal Lalsingh Singh, Seemabahen Vijay Yadav, Vijay Lalsingh Yadav, and Chirag Jitendra Sheth are among the directors of HP Telecom India Limited. As Gujarat’s West Region Trade Partner, the company expanded its distribution portfolio in the 2015–16 fiscal year by obtaining the sole right to distribute Jio products.
Key Details of HP Telecom IPO Listing
From 20 Feb. to 25 Feb., HP Telecom’s ₹34.23 crore IPO was available for subscription. The ₹108 per share price was set for the SME IPO. With 1.91 times offers, HP Telecom’s initial public offering (IPO) finished with strong demand after three days of bidding. 30.09 lakh shares were offered at the IPO, but 57.54 lakh shares were bid on. The NII (Non-institutional Investor) category was subscribed to 1.97 times, and the retail investor group was booked 1.85 times.
Objectives of HP Telecom IPO Listing
The SME offering was priced at Rs 108 a share, with a lot size of 1,200 shares. It includes a new issue of 3.16 million equity shares. The public offering revenues from HP Telecom India are intended to be used for general corporate reasons as well as to finance the company’s working capital needs.
HP Telecom IPO GMP
On Tuesday, the unlisted shares of HP Telecom India are trading flat on the gray market at about Rs 108 per share, according to sources that follow unofficial marketplaces. For HP Telecom India, the GMP (grey market premium) is therefore still zero.
HP Telecom IPO Listing Day Insights
Given below are the HP Telecom IPO listing day trading details for the overall analysis. Do have a look!
| Pricing | NSE SME |
| Open | ₹ 115.05 |
| Low | ₹ 111.05 |
| High | ₹ 118.00 |
| Final Issue Price | ₹ 108.00 |
| Last Trade | ₹ 115.05 |
Final Verdict
Investors saw conflicting results from HP Telecom’s IPO listing. Although the IPO received a respectable number of subscriptions, there was significant volatility in the HP Telecom IPO listing performance. This suggests that although there was immediate enthusiasm, investor sentiment was a little wary.
Although there was a premium for the listing, the stock fluctuated over the trading day. Ultimately, each investor must decide whether or not to participate in HP Telecom based on their own unique evaluation of the risks and possibilities of the business.
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