[
In the public offer, retail investors have been reserved about 50% and the remaining half is kept aside for others including the non-institutional investors.
HP Telecom India IPO price band
HP Telecom India has priced the IPO at Rs 108 apiece. Investors can bid for a minimum of 1200 shares in one lot and if they want to bid for more shares, they can bid by multiplying lots.
What is HP Telecom India GMP?
HP Telecom India GMP is Rs 0 in the unlisted market. This is a trend that was seen with most of the recent SME IPOs that hit the public market, where the grey market premiums are NIL.
HP Telecom India IPO details
HP Telecom India operates as the exclusive distributor of Apple products across key states in India including Madhya Pradesh and Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat.
The company offers Apple’s iconic range of devices, comprising the iPhone, iPad, Mac, Apple Watch, and more, catering to the discerning tech-savvy consumers in these regions.
While Apple products remain the cornerstone of the company’s distribution portfolio, it also engages in the distribution of select other brands to diversify its offerings and cater to a broader customer base.
Despite this diversification, Apple products continue to drive a significant portion of the company’s revenue, contributing over 80% to overall earnings. The remaining revenue is generated through the sale of other brands, including JIO Recharge, JIO Phones, INFINIX Mobiles, etc.
Recently, the company has acquired the distribution rights for ‘Nothing’ in the state of Gujarat, further enhancing our product lineup.
Interactive Financial Services is the book-running lead manager of the HP Telecom India IPO, while Bigshare Services is the registrar.
Share allotment and listing date
The share allotment for the HP Telecom India IPO will be processed on February 25 and the listing of shares on the NSE SME platform is scheduled on February 28.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
https://img.etimg.com/thumb/msid-118402329,width-1200,height-630,imgsize-71493,overlay-etmarkets/articleshow.jpg
https://economictimes.indiatimes.com/markets/ipos/fpos/hp-telecom-india-ipo-opens-for-subscription-gmp-price-band-among-key-things-to-know/articleshow/118402333.cms
