Incorporated in 1992, HPL Electric & Power Ltd is a electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's portfolio includes single phase, three phase, LTCT, and prepayment meters; switchgears, such as air circuit breakers, mini circuit breakers, on-load changeover switches, control gears, modular switches, and moulded case circuit breakers distribution panels under the HPL Techno, HPL Rakshak, and bsafe brands; light-emitting-diode lamps, luminaires, and compact fluorescent lamps; and wires and cables. Visit chittorgarh.com for more detail.
HPL supply their products through a network of authorized dealers or distributors to institutional, non-institutional and corporate customers as well as developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through authorized dealer network. They also supply their 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.
The promoters of the company are:
1. Lalit Seth
2. Havell's Pvt Ltd
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax (PAT)||370.43||344.43||287.84||314.14||287.56|
The object of the issue are to:
1. Repayment/ prepayment of certain indebtedness;
2. Funding working capital requirements; and
3. General corporate purposes.
»» Issue Open: Sep 22, 2016 - Sep 26, 2016
»» Issue Type: Book Built Issue IPO
»» Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 361.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 175 - Rs 202 Per Equity Share
»» Market Lot: 70 Shares
»» Minimum Order Quantity: 70 Shares
»» Listing At: BSE, NSE
HPL Electric IPO Subscription Status tells if HPL Electric IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. HPL Electric IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Times Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||4,125,715||3,094,286||7,220,000||14,440,001|
|Day 1 - Sep 22, 2016 17:00 IST||0.0000||0.0000||0.1200||0.0600|
|Day 2 - Sep 23, 2016 17:00 IST||0.3600||0.0100||0.3700||0.2900|
|Day 3 - Sep 26, 2016 18:00 IST||5.7700||22.2000||3.3100||8.0600|
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