HP Telecom IPO Allotment Status

Summary

HP Telecom India Limited, established in March 2011, has evolved from a mobile phone distributor to become the exclusive distributor of Apple products across Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat. Their comprehensive product portfolio includes iPhones, iPads, Macs, and Apple Watches, along with other premium electronics. Operating with a lean team of 7 permanent employees and 84 contractual staff as of September 2024, the company has demonstrated strong financial growth through its strategic distribution partnerships.
 

HP Telecom India IPO comes with a total issue size of ₹34.23 crore, which is entirely a fresh issue of 31.69 lakh shares. The IPO opened on February 20, 2025, and closed on February 24, 2025. The allotment date for the HP Telecom India IPO is expected to be finalized on Tuesday, February 25, 2025.

Steps to Check HP Telecom India IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website
• Select "HP Telecom India IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check HP Telecom India IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "HP Telecom India IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

HP Telecom India IPO Subscription Status 

HP Telecom India IPO received moderate investor interest, being subscribed 1.91 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on February 24, 2025:

• Retail Category: 1.85 times
• Non-Institutional Investors (NII): 1.97 times

As of 6:19:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Working Capital: Meeting the working capital requirements of the company
• General Corporate Purposes: Supporting various business initiatives

HP Telecom India IPO - Listing Details 

The shares are scheduled to list on February 28, 2025, on NSE SME. The subscription rate of 1.91 times shows moderate investor interest in HP Telecom India's business model and growth prospects. The company has shown impressive financial performance with revenue of ₹594.19 crore and profit after tax of ₹5.24 crore for the period ended September 30, 2024. Their exclusive distribution rights for premium brands like Apple, strong supplier relationships, and experienced leadership position them well in the competitive electronics distribution sector.