Must know facts before applying HPL Electric Power IPO

HPL electric power ipoHPL 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

Company Profile:

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 HPL electric iposelling 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:-

  1. Maintained its brand name in the electric equipment industry;
  2. Offering various products range;
  3. Efficient manufacturing units with an upgraded technology systems;
  4. Available through its sales and distribution networks in pan India.
  5. Established relationship with institutional customers and strong pre-qualification credentials
  6. 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:-

Individual Promoter

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.

Corporate Promoters

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.

Financials:

Particulars For the year/Period ended (Rs. in Million)
Financial Year 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12 31-Mar-11
Total Equity & Liabilities 11417.30 9857 9071.08 7678.04 5660.50
Total Assets 11417.30 9857 9071.08 7678.04 5660.50
Total Revenue 10498.32 10122.77 9075.44 7188.55 5675.03
Total Expenses 10060.63 9741.97 8658.46 6805.12 5201.84
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.

  1. Go to the given link Allotment Status link here
  2. Select IPO as L&T Technology Service IPO
  3. 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

Email: hpl.ipo@sbicaps.com

Website: www.sbicaps.com

Investor Grievance E-mail: investor.relations@sbicaps.com

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

Email: hpl.ipo@icicisecurities.com

Website: www.icicisecurities.com

Investor Grievance E-mail: customercare@icicisecurities.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

Email: hpl.ipo@idfcbank.com

Website: www.idfcbank.com

Investor Grievance E-mail: mb.ig@idfcbank.com

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

E-mail: einward.ris@karvy.com

Website: www.karisma.karvy.com

Investor Grievance Email: hplep.ipo@karvy.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

E-mail: hplcs@hplindia.com

Website: www.hplindia.com

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