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HP Telecom India Limited IPO
HP Telecom India Ltd
₹1,29,600 /1200 sharesMinimum Investment
HP Telecom India Limited IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹108.00 | ₹115.05 | ₹7.05 (6.53%) |
HP Telecom India Limited IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 20 Feb ‘25 - 24 Feb ‘25 | ₹1,29,600 | 1,200 | ₹108 - ₹108 |
| Issue Size | IPO Doc |
|---|---|
| 34.23Cr | RHP PDF |
Subscription rate
As of 24 Feb'25, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 2.04x |
| Retail Individual Investor | 1.73x |
| Total | 1.79x |
About HP Telecom India Limited
Founded in
2011
Managing director
Mr Vijay Lalsingh Yadav
Parent organisation
HP Telecom India Ltd
Strengths & Financials of HP Telecom India Limited
Strengths
Risks
HP Telecom claims to have maintained long-standing relationships with global brands like Apple and Nothing.
The company meets the essential financial stability criteria set by Apple Inc. for distributing Apple products across multiple regions.
The company has established exclusive distribution rights for Apple products in key regions such as Gujarat, Madhya Pradesh, Chhattisgarh, and select cities in Uttar Pradesh.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 292.04 crore in FY22 to Rs 637.51 crore in FY23 to Rs 1,058.92 crore in FY24, while PAT increased from Rs 2.13 crore in FY22 to Rs 6.35 crore in FY23 to Rs 8.60 crore in FY24.
HP Telecom India derives more than 80% of its revenue from the distribution of Apple products, including iPhones, iPads, MacBooks, Apple Watches, and accessories. Additionally, the company recently obtained distribution rights for ‘Nothing’ in Gujarat. Any adverse changes in the company’s relationship with original equipment manufacturers (OEMs) or national distributors can be detrimental to the company’s business.
The company reported negative cash flows from operating activities of Rs 25.65 crore in FY24 and Rs 4.63 crore in FY22. Any inability to generate sufficient cash flows from operations in the future can adversely affect the company’s business, financial condition, and results of operations.
The top 10 customers of HP Telecom India contributed Rs 581.23 crore (19.82%), Rs 1,058.92 crore (28.03%), Rs 637.51 crore (29.85%), and Rs 292.04 crore (38.40%) to the company’s revenue in the half-year ended September 30, 2024, and FY24, FY23, and FY22, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
As of September 30, 2024, HP Telecom had total financial indebtedness Rs 52.09 crore. Any failure to service or repay these loans on time can harm the company’s financial position and operations.
HP Telecom’s warehouse facilities are concentrated in Bhiwandi, Maharashtra, and Noida, Uttar Pradesh. The company’s supply chain depends on these facilities, and any disruptions, shutdowns, or capacity underutilisation may hinder its ability to fulfil orders, leading to legal liabilities and financial losses.
The company relies on third-party logistics providers for product deliveries. Any adverse disruptions in third-party transportation services can harm the company’s business and financial standing.
The company, its subsidiaries, promoters, and directors are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
HP Telecom India Limited Financials
*All values are in Rs. Cr
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Application Details of HP Telecom India Limited IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹108 - 108 | ₹2 - 5 Lakh |
| High Networth Individual | ₹108 - 108 | ₹2 - 5 Lakh |
For HP Telecom India Limited IPO, eligible investors can apply as Regular.