HP Telecom India Limited IPO Allotment Status: Check Latest GMP, Steps To Verify Status

HP Telecom India Limited's IPO bidding commenced on February 20, 2025, and concluded on February 24, 2025. The basis of allotment will be finalised today, February 25, 2025. Find how to check the IPO allotment status on the NSE and registrar’s websites. 

 Check HP Telecom India Allotment Status Online On NSE

• Visit the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “HPTL.”
• Enter your PAN No. and application No.
• Click “Submit.”

Check HP Telecom India Allotment Status On Bigshare Services Pvt Ltd

• Visit the Bigshare Services’ IPO allotment status page here. 
• Click any of the server links. 
• In Company Selection, select “HP Telecom India.”
• Enter either your Application Number, Beneficiary ID or PAN. 
• Enter Captcha and Click “Search.”

IPO Details

The ₹34.23-crore HP Telecom India IPO comprises a fresh issue of 31.69 lakh shares. The price band is set at ₹108 per share, and the tentative listing date on NSE SME is Feb 28, 2025. Interactive Financial Services Ltd is the book-running lead manager for the issue, Bigshare Services Pvt Ltd is the registrar, and Aftertrade Broking Pvt Ltd. is the market maker.

Use of Proceeds

The net proceeds from the fresh issue will be used towards 

• Meeting general corporate requirements.
• Funding the working capital requirements. 

HP Telecom India IPO - Overall Subscription Status 

(February 24, 2025, end of the day)

GMP (Grey Market Premium) Details

As of February 25, 2025, the GMP for HP Telecom India Limited IPO stood at nil. This indicates that the expected percentage gain/loss per share is 0%.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: Business Standard dated February 25, 2024

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

HP Telecom India Business Overview

HP Telecom India Limited, established on March 26, 2011, began its journey as a distributor of mobile phones, accessories, and related products. Further, the company rapidly expanded its scope and secure exclusive distribution rights for leading brands like Sony LED TVs and mobile devices in Gujarat during the FY 2014-15. 

In the following years, HP Telecom continued to broaden its product portfolio, bringing brands like Nokia, Micro Max, Intex, Gionee, and Karbonn Mobiles into its distribution network. A major milestone came in 2015-16 when the company obtained exclusive distribution rights for Jio products in Gujarat’s West Region. Also, the company secured distribution rights for Apple products in the Vapi region in 2016. 

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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