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HPL Electric & Power Ltd IPO (HPL Electric IPO) Detail

Sep 22, 2016 - Sep 26, 2016

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.

Company Financials

Summary of financial Information
Particulars For the year/period ended (in Rs. Million)
31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets 13,489.73 11,417.30 9,857.00 9,071.08 7,678.04
Total Revenue 11,201.19 10,498.32 10,122.77 9,075.44 7,188.55
Profit After Tax (PAT) 370.43 344.43 287.84 314.14 287.56

Objects of the Issue

The object of the issue are to:

1. Repayment/ prepayment of certain indebtedness;
2. Funding working capital requirements; and
3. General corporate purposes.

HPL Electric IPO Details

HPL Electric IPO Date Sep 22, 2016 to Sep 26, 2016
HPL Electric IPO Face Value ₹10 per share
HPL Electric IPO Price ₹175 to ₹202 per share
HPL Electric IPO Lot Size 70 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹361.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company Promoters

The promoters of the company are:

1. Lalit Seth
2. Havell's Pvt Ltd

HPL Electric IPO Timeline (Tentative Timetable)

HPL Electric IPO opens on Sep 22, 2016, and closes on Sep 26, 2016. The HPL Electric IPO bid date is from Sep 22, 2016 10.00 A.M. to Sep 26, 2016 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
HPL Electric IPO Opening Date Sep 22, 2016
HPL Electric IPO Closing Date Sep 26, 2016
Basis of Allotment Sep 29, 2016
Initiation of Refunds Sep 30, 2016
Credit of Shares to Demat Oct 3, 2016
HPL Electric IPO Listing Date Oct 4, 2016

HPL Electric IPO Lot Size

The HPL Electric IPO lot size is 70 shares. A retail-individual investor can apply for up to 14 lots (980 shares or ₹197,960).

Application Lots Shares Amount
Retail (Min) 1 70 ₹14,140
Retail (Max) 14 980 ₹197,960

HPL Electric IPO Review

Although the company is established player in the electrical equipments sector, higher pricing is the major concern. Long term investors may consider small lot for investment in this IPO. Read detail review...


HPL Electric IPO Subscription Status (Bidding Detail)

The HPL Electric IPO is subscribed 8.06 times on Sep 26, 2016 6:00:00 PM. The public issue subscribed 3.31 times in the retail category, 5.77 times in the QIB category, and 22.20 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB5.77
NII22.20
Retail3.31
Total8.06

HPL Electric IPO Prospectus

HPL Electric IPO Rating

1004
4.0
Rating:Rated 4.0 stars
Vote Here ...

HPL Electric IPO Listing Date

Listing Date Tuesday, October 4, 2016
BSE Script Code 540136
NSE Symbol HPL
Listing In B Group of Securities
ISIN INE495S01016
IPO Price ₹202 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹202.00
₹190.05
₹184.30
₹198.00
₹189.05
NSE
₹202.00
₹190.00
₹184.25
₹198.00
₹189.30

Company Contact Information

HPL Electric & Power Ltd
1/21, Asaf Ali Road,
New Delhi 110 002

Phone: +91 11 2323 4411
Email: hplcs@hplindia.com
Website: http://www.hplindia.com

HPL Electric IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: hplep.ipo@karvy.com
Website: https://karisma.kfintech.com/

HPL Electric IPO Review

HPL Electric IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 4 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews


IPO Broker Recommendations

  • Dilip Davda - Apply
  • Hem Securities - Apply
  • Prabhudas Lilladher Pvt Ltd - Apply
  • SPA Financial Advisor Ltd - Apply

HPL Electric IPO FAQs

HPL Electric IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹361.00 Crores. The issue is priced at ₹175 to ₹202 per share. The minimum order quantity is 70 Shares.

The IPO opens on Sep 22, 2016, and closes on Sep 26, 2016.

KFin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The HPL Electric IPO opens on Sep 22, 2016 and closes on Sep 26, 2016.

HPL Electric IPO lot size is 70 Shares and the minimum order quantity is .

You can apply in HPL Electric IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for HPL Electric IPO will be done on Sep 29, 2016, and the allotted shares will be credited to your demat account by Oct 3, 2016. Check the HPL Electric IPO allotment status.

The HPL Electric IPO listing date is on Tuesday, October 4, 2016.
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HPL Electric IPO Message Board

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731 Comments

432. Aweak |   Link |Nov 13, 2016 6:17:26 PM
Invest in other ipo or other equity... Or book profit. Never much more in hpl..
Result will declare on 14th November..
431. Aweak |   Link |Nov 13, 2016 6:13:59 PM
Sell it''s bad ipo...
I book lost 2800 in 1 lot
430. abbas |   Link |Oct 15, 2016 11:25:06 AM
hi @ All,

i have got 1 allot of HPL ipo. What should i do . SELL OR HOLD.

Expert pls advice i m new in market
429. bhart |   Link |Oct 13, 2016 2:00:52 PM
Hello Eagleeye,

Please help, as HPL ka 1 lot allotment hua tha mujhe, The prices are going down day by day. What should I do Sell or Hold
429.1. navneetkgoel |   Link |Oct 13, 2016 2:34:42 PM
Sell target 140
428. ddma |   Link |Oct 9, 2016 2:01:26 PM
Buy Kushal trade link cmp target 400 till March 2017
427. Earning Ideas |   Link |Oct 9, 2016 1:14:02 PM
Start collecting for 1 year
426. SUNNY JIGNESHBHAI RATHOD |   Link |Oct 9, 2016 12:40:43 PM
At current level HPL ELECTRONIC is hold or sell????
425. SHAR KHAN |   Link |Oct 9, 2016 12:40:40 PM
target 163
424. Mumbai DON |   Link |Oct 8, 2016 11:55:37 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Buy buy buy in bulk
Till Friday vil go above 230
Inside serious news
Don''t miss an opportunity
424.1. Yash G |   Link |Oct 18, 2016 11:04:56 AM
Kounsa Friday tha ....matlab ki ek Friday to nikal gaya
424.2. Mumbai DON |   Link |Oct 18, 2016 9:11:37 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
U should check every Friday.
Just don''t take it as home work.
423. navneetkgoel |   Link |Oct 8, 2016 11:44:57 AM
My target for HPL if Rs 130..
422. Septa |   Link |Oct 8, 2016 10:11:49 AM
IPO Guru IPO Guru (4000+ Posts, 4600+ Likes)
earlier i had said 175 see some value. Would now like to down grade given peers also have price pressure. Now i think it can get lower 150 level.
422.1. A.K. Goyal |   Link |Nov 20, 2016 12:12:57 PM
SIR IT IS AT 100, SHALL WE BUY OR WAIT AND WATCH.
421. gamble |   Link |Oct 7, 2016 7:53:12 PM
IPO Guru IPO Guru (1600+ Posts, 3900+ Likes)
All that glitters(in sub. Fig/gmp) is not gold.

People calculating loss of 6000cr ipo .only 4-5%.....strong...will vanish in nxt week itself if mkt supports.

And

For 361cr ipo 12%...!!!...can''t say when it will b vanish..?!

But Good buy @ below 170/165(if it comes)
420. Harishbhai |   Link |Oct 7, 2016 1:10:17 PM
Hello egaleye plz guide on HPL.
420.2. Silapathar |   Link |Oct 7, 2016 5:52:05 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Exit and buy MGL
420.3. navneetkgoel |   Link |Oct 8, 2016 11:43:59 AM
MGL, RBL, GNA and ICICI pru good to enter now ...
419. Harishbhai |   Link |Oct 6, 2016 11:35:21 AM
Dear egaleye what did u say about HPL
Plz guide .
418. sam cambatta |   Link |Oct 6, 2016 11:12:03 AM
What are the rules for intra-day trading in new listings?
417. PearlRohit |   Link |Oct 6, 2016 10:21:36 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
HPL ELECTRIC & POWER LTD.
NAM BADE AUR DARSHAN KHOTE.

QUICK HILL IPO
BHOLI SURAT DIL KE KHOTE.
NAM BADE AUR DARSHAN KHOTE.

I AGAIN REMEMBER
QUICK HILL HAS ONLY ONE CORPORATE OFFICE.
NOT MANY ASSETS HAS COMPANY
AVOID THIS COMPANY
416. PearlRohit |   Link |Oct 6, 2016 10:19:00 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
NAM BADE, DARSHAN CHHOTE
415. arbandyo |   Link |Oct 5, 2016 9:27:39 AM
Dear all we retailer looks the subscription and apply but still we repent on the discount list ing. We can''t something it''s market volatility persists. Still Marchant banker are greedy they keep nothing to book profit.
414. Prats |   Link |Oct 5, 2016 12:09:43 AM
Thanks ICICI and HPL, We desperately need such issues to push idiots out of primary market, now a reasonable no. of idiots will be reluctant to enter primary market for sometime and we can see better pricing and allotment in future IPOs.
See the positive side guys who haven''t applied in these IPOs...Cheers
413. Uraheja2000 |   Link |Oct 4, 2016 10:39:43 PM
pl tell the status of my applications , 30373625 ,30373626 ,30373637,