HPL Electric Power is coming out with an IPO on Sept 22 to Sept 26, 2016. The price band for HPL Electric Power IPO is fixed at Rs.175 to Rs.202 per equity share. The company had filed a draft red herring prospectus (DRHP) to the hit the capital market with an Initial public offering to raise Rs. 361 crore. The IPO is lined immediately after a big one ICICI Prudential Life Insurance IPO which will remain open from Sept 19 to Sept 21, 2016
The company was incorporated as on May 28, 1992 and based in New Delhi, India. The firm manufactures various electric equipments like metering solutions, switch gears, wires and cables. It is spread in pan India through its sales and distribution network. The company is selling its ready products under the umbrella brand ‘HPL’. As on December 31, 2015, the company has a record over 2000 authorized dealers or distributors further to supply its final products.
The warehouses of the company are located in 21 states and union territories in India. It manages over 90 branch offices in India. The company supplies its product range to the contractors or builders of residential and commercial building projects, original equipment manufacturers (“OEMs”) and to industrial customers using the mode of direct selling or through its authorized dealers network. It has introduced two in house research and development centers one each at Kundli (Haryana) (the “Kundli R&D Centre”) and Gurgaon (Haryana) (the “Gurgaon R&D Centre”, and together with Kundli R&D Centre, the “R&D Centres”).
Research and development department of the firm has initiated to provide a street lighting system where they set an automatic systems for sunset and sunrise timings and remote energy metering and dimming of such lights during off-peak hours in favor of to save energy and manpower.
The firm runs six manufacturing facilities in the location of Haryana and Himachal Pradesh states which have in-house testing capabilities. It is ISO 9001 certified.
Outlook of the Firm:-
- Maintained its brand name in the electric equipment industry;
- Offering various products range;
- Efficient manufacturing units with an upgraded technology systems;
- Available through its sales and distribution networks in pan India.
- Established relationship with institutional customers and strong pre-qualification credentials
- Highly qualified management team and skilled workforce.
Objects Of The Issue: HPL Electri Power IPO
1) Repayment/ prepayment of certain indebtedness;
2) To meet fund for working capital requirement;
3) To enhance the brand name and image of the company listing on the secondary market;
3) General Corporate purposes.
Summary Of Issue: HPL Electric Power IPO
|Issue Open:-||Sep 22, 2016 to Sept 26, 2016|
|Issue Type||100% Book Built Issue IPO|
|Issue Size (Shares)||Equity Shares|
|Issue Size in (Value)||Equity Shares of Rs. aggregating up to Rs. 361 Crore|
|Face Value||Rs.10 Per Equity Share|
|Issue Price||Rs. 175 -202 Per Equity Share|
|Market lots||70 Shares|
|Minimum Order Quantity||70 Shares|
|Listing At||BSE, NSE|
Promoters Of the Company:-
Mr. Lalit Seth:- He is 69 years old. He is the Chairman and managing director of the company. He holds 40 years of experience in the electric equipment industry.
Havell’s Private Limited:- It was incorporated as on November 24, 1956. It is dealing in the business of manufacturing meters, machinery and other electric equipment. It is not listed company in capital market of India or global market.
|Particulars||For the year/Period ended (Rs. in Million)|
|Total Equity & Liabilities||11417.30||9857||9071.08||7678.04||5660.50|
|Profit After Tax (PAT)||344.43||287.84||314.14||287.56||372.53|
Subscription figure of HPL Electric Power IPO
The figures will be available as soon as the IPO will open. Please keep looking for this space.
Allotment Status for HPL Electric Power IPO
Allotment of HPL Electric Power IPO is expected to be done within a week of closure date. In case you have applied for IPO, you may check on the below stated link with you PAN number or DP Id or Application No.
All you need to follows are these steps.
- Go to the given link Allotment Status link here
- Select IPO as L&T Technology Service IPO
- Enter your PAN or Application No. or DP Client Id
It may take few seconds so be little patient. If you have not got the shares, please check the basis of allotment here on this link
Listing of HPL Electric Power
The Listing of HPL Electric Power is expected to be in the first week of October i.e. after a week of closure date.
Lead Manager Details:
1) SBI Capital Markets Limited
202, Maker Tower ‘E’, Cuffe Parade, Mumbai – 400 005
Tel: (+91 22) 2217 8300 Fax: (+91 22) 2218 8332
Investor Grievance E-mail: firstname.lastname@example.org
Contact Person: Ms. Neha Malik / Mr. Aditya Deshpande
SEBI Registration No.: INM000003531
2) ICICI Securities Limited
ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020, India
Tel: (+91 22) 2288 2460 Fax: (+91 22) 2282 6580
Investor Grievance E-mail: email@example.com
Contact Person: Ms. Payal Kulkarni
SEBI Registration No.: INM000011179
IDFC Bank Limited
Naman Chambers, C 32, G Block, Bandra Kurla Complex Bandra (East), Mumbai 400 051, India
Tel : (+91 22) 6622 2600 Fax : (+91 22) 6622 2501
Investor Grievance E-mail: firstname.lastname@example.org
Contact Person: Mr. Mangesh Ghogle
SEBI Registration No.: MB/INM000012250
Registrar to the Issue:
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District Nanakramguda
Hyderabad 500 032, Telangana, India
Tel: (+91 40) 6716 2222 / Fax: (+91 40) 2343 1551
Investor Grievance Email: email@example.com
Contact Person: Mr. Murali Krishna SEBI Registration No.: INR000000221
Registered Office Details:
1/21, Asaf Ali Road, New Delhi 110 002, India
Tel: (+91 11) 2323 4411 Fax: (+91 11) 2323 2639
Contact Person: Mr. Vivek Kumar,
Company Secretary and Compliance Officer Tel: (+91 11) 2323 4411
Fax: (+91 11) 2323 2639