Home appliance distributor HP Telecom India Ltd made an impressive entry into the stock market as its shares were listed on the NSE SME platform on Friday, February 28. The stock opened at ₹115.05 per share, reflecting a 6.53% premium over its initial public offering (IPO) price of ₹108 per share.
Shortly after listing, the stock climbed to an intraday high of ₹118 per share, before witnessing some profit-booking and dipping to ₹111.05 per share during early trading hours.
Trading Activity and Market Performance
According to NSE data, more than 1.7 lakh equity shares of HP Telecom India were traded on the NSE SME segment, Emerge, on the listing day. The total trading turnover amounted to approximately ₹1.96 crore, while the company’s market capitalization reached ₹137 crore at the listing price.
IPO Gains for Investors
For IPO investors, the listing price of ₹115.05 per share translated into a total valuation of ₹1,38,060 per lot (as one lot consists of 1,200 shares). Given the IPO issue price of ₹108 per share, investors who secured shares at the IPO price stood to gain ₹8,460 per lot, considering the minimum investment requirement of ₹1,29,600 (₹108 x 1,200 shares).
Details of HP Telecom India’s IPO
HP Telecom India launched its IPO on February 20, 2025, aiming to raise ₹34.23 crore from public investors. The IPO comprised a fresh issue of 31.69 lakh equity shares, with no Offer-for-Sale (OFS) component, meaning that all funds raised would go directly to the company for expansion and business growth.
The strong listing performance highlights investor interest in HP Telecom India, reflecting confidence in the company’s business prospects and growth potential.
HP Telecom India Makes a Promising Stock Market Debut with Over 6% Premium Listing on NSE SME
Home appliance distributor HP Telecom India Ltd marked a successful entry into the stock market with a 6.53% premium listing on the NSE SME platform on Friday, February 28, 2025. The stock opened at ₹115.05 per share, surpassing its IPO issue price of ₹108 per share.
At this listing price, investors who secured a lot of 1,200 shares in the IPO saw their investment value rise to ₹1,38,060 (₹115.05 x 1,200). This represented a gain of ₹8,460 per lot, as the minimum investment required in the IPO was ₹1,29,600 (₹108 x 1,200 shares).
HP Telecom India’s IPO Performance and Investor Response
HP Telecom India launched its ₹34.23 crore IPO on February 20, 2025, aiming to raise funds through a fresh issuance of 31.69 lakh equity shares. The IPO did not include an Offer-for-Sale (OFS) component, meaning all funds raised would go directly toward the company’s growth and operations.
The IPO saw a slow response from investors during the first two days of bidding but gained momentum on the final day. The issue was subscribed nearly 2 times, receiving applications for 59.13 lakh shares against the 30.09 lakh shares on offer.
• The retail investor segment was subscribed 1.85 times, with 27.9 lakh shares applied for against the 15.04 lakh shares allocated for retail investors.
• The non-institutional investor (NII) segment was subscribed over 2 times, receiving applications for 31.23 lakh shares against 15.04 lakh shares available.
HP Telecom India’s Business and Expansion Journey
HP Telecom India began as a mobile phone distributor and later diversified into the home appliances sector. The company holds exclusive distribution rights for Sony LED TVs, mobile phones, and other leading brands in Gujarat.
Its product portfolio includes a wide range of consumer electronics, such as LED/LCD home theatres and air conditioners. The company has exclusive distribution rights for Intex, Apple, Sony, and Nokia. Additionally, for Apple products, HP Telecom holds sole distribution rights in Madhya Pradesh, Chhattisgarh, and select cities in Gujarat and Uttar Pradesh.
Planned Utilization of IPO Funds
According to its Red Herring Prospectus (RHP), HP Telecom India intends to use the funds raised through the IPO primarily to meet its working capital requirements and for general corporate purposes.
Financial Performance and Growth
HP Telecom India has demonstrated strong revenue growth over recent years.
• In the April-September period of FY 2024-25, the company reported:
• Revenue from operations: ₹581.23 crore
• Net profit: ₹5.23 crore
• For the full financial year 2023-24, HP Telecom India recorded:
• Revenue from operations: ₹1,058.91 crore
• Net profit: ₹8.6 crore
This marked a significant improvement from the previous year (FY 2022-23), where the company had:
• Revenue from operations: ₹637.5 crore
• Net profit: ₹6.35 crore
With a strong listing, expanding distribution rights, and steady revenue growth, HP Telecom India continues to strengthen its position in the home appliance and electronics distribution sector.