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| Issue Open | Sep 22, 2016 |
| Issue Close | Sep 26, 2016 |
| IPO Price | ₹202 |
| Face Value | ₹10 |
| IPO Size | ₹361.00 Cr |
| Listing At | BSE, NSE |
| IPO Lot Size | 70 |
HPL Electric IPO subscribed 8.06 times. The public issue subscribed 3.31 times in the retail category, 5.77 times in QIB, and 22.20 times in the NII category by Sep 26, 2016.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | 5.77 |
| Non-Institutional Buyers | 22.20 |
| Retail Investors | 3.31 |
| Employees | [.] |
| Others | [.] |
| Total | 8.06 |
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
Day 1 | 0.00 | 0.00 | 0.12 | 0.06 |
Day 2 | 0.36 | 0.01 | 0.37 | 0.29 |
Day 3 | 5.77 | 22.20 | 3.31 | 8.06 |
HPL Electric IPO is a public issue of 14,440,001 equity shares. The issue offers 7,220,000 shares to retail investors, 4,125,715 shares to qualified institutional buyers, and 3,094,286 shares to non-institutional investors.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 4,125,715 | 28.57% |
| NII | 3,094,286 | 21.43% |
| Retail | 7,220,000 | 50.00% |
| Total | 14,440,001 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The HPL Electric IPO is subscribed 8.06 by Sep 26, 2016.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 5.77 |
| Non Institutional | 22.20 |
| Retail Individual | 3.31 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 8.06 |
An investor can apply in HPL Electric IPO online via bank (using ASBA) or the broker (using UPI). The HPL Electric IPO shares are offered online only.
The HPL Electric IPO is subscribed 8.06 by Sep 26, 2016.
The HPL Electric IPO allotment status is expected on or around Sep 29, 2016. Visit HPL Electric IPO allotment status to check.
Visit HPL Electric IPO subscription status page for real-time bidding information about HPL Electric IPO.
| IPO Opens On | Sep 22, 2016 |
| IPO Closes On | Sep 26, 2016 |
| Finalisation of Basis of Allotment | Sep 29, 2016 |
| Initiation of Refunds | Sep 30, 2016 |
| Credit of Shares to Demat Account | Oct 3, 2016 |
| IPO Listing Date | Oct 4, 2016 |
Useful Articles
Rs 0 Eq Delivery Brokerage
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
