Hpl Electric Ipo Share Price

Hpl electric ipo share price

 

HPL Electric & Power Ltd (HPL) is coming out with an initial public offering (IPO) of Rs361 crore.

HPL Share Price

HPL is an electric equipment manufacturing company in India, manufacturing a range of electric equipment, including metering solutions, switchgears, lighting equipment, wires and cables. It caters to consumers and institutional customers in the electrical equipment industry.


How to apply


Details of the HPL Electric & Power IPO

Issuer: HPL Electric & Power Ltd

Opening date: September 22, 2016

Closing date: September 26, 2016

Issue type: Book building

Price band: Rs175 to Rs202 per share

Issue size: Rs361 crore

Bid lot: 70 equity shares and in multiples thereafter

Face value: Rs10 per share

Issue allocation: QIB - 50%, HNI - 15%, Retail - 35%

BRLM: SBI Capital Markets Ltd, ICICI Securities Ltd and IDFC Bank Ltd

Syndicate member: Sharekhan Ltd

Registrar: Karvy Computershare Pvt Ltd

Mode of payment: ASBA mandatory (no cheques will be accepted)

Listing: National Stock Exchange and Bombay Stock Exchange

 

  • Repayment/prepayment of certain indebtedness;
  • funding working capital requirements; and
  • general corporate purposes.

 

  • An established brand in the electric equipment industry
  • A large product portfolio
  • Robust manufacturing facilities with focus on technology upgradation
  • A pan-India sales and distribution network
  • Established relationship with institutional customers and strong pre-qualification credentials
  • Experienced management team and skilled workforce

 

About HPL Electric & Power

HPL is an established electric equipment manufacturing company in India, manufacturing a diverse range of electric equipment, including metering solutions, switchgears, lighting equipment, wires and cables.

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It caters to consumers and institutional customers in the electrical equipment industry. The company had the largest share of the market for electricity energy meters and the fifth largest share of the market for LED lamps in FY2015.

HPL Electric fixes IPO price band at Rs 175-202 per share

The company was incorporated in May 28, 1992. It manufactures and sells its products under the umbrella brand HPL. It supplies products through a network of authorised dealers or distributors to institutional, non-institutional and corporate customers.

HPL currently owns and operates seven manufacturing facilities located across the states of Haryana and Himachal Pradesh, having in-house testing capabilities, including one manufacturing facility owned and operated by a subsidiary.

All its manufacturing facilities have been accredited with management system certificates for compliance with ISO 9001 requirements. Further, certain of its products are also certified to be compliant with various national and international quality standards, including the ISI mark issued by the BIS, the CE mark and KEMA certification for conformity with requisite European quality standards.

 

How to apply

Please note that as per the new SEBI regulation all public offerings (IPOs) after January 1, 2016 need to be fulfilled through the ASBA (application supported block amount) route only.

These changes have altered the existing seamless online bidding process.

We are striving to make this process completely online for you again.

HPL Electric's Key Fundamentals

We seek your kind support in the interim.


To participate in the present IPO you are requested to kindly follow the under mentioned process:

  • Click here to check if your bank is part of the ASBA participating bankers to this IPO
  • If yes, download the “Blank Application Form” from the below link
  • Download Blank Application Form
  • Click here to check the steps to be followed on the given website
  • Click here to check / download a duly filled up sample application form
  • Kindly sign and fill up the downloaded application form with the required details
  • Submit the application form at your nearest Sharekhan outlet

1.

What is an IPO or public issue?

An initial public offering (IPO)/public issue is when an unlisted company makes either a fresh issue of securities or an offer for sale of its existing securities or both for the first time to the public. This paves the way for listing and trading of the issuer’s securities.

The shares are initially issued in the primary market at an offering price determined by the lead manager(s)/the merchant banker(s) to the IPO.

The primary market consists of a syndicate of investment banks and broker dealers that the lead managers assemble and that allocate shares to institutional, high net worth individuals (HNI) and individual/retail investors.

2.

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What is a price band?

As far as IPOs are concerned, a price band is a value-setting method whereby a seller indicates an upper and lower cost range, between which the buyers/investors are able to place their bids.

The price band's floor and cap provide guidance to the buyers.

3. Who decides the price band?

It is up to the company to decide on the IPO price or the price band, in consultation with the lead managers.

The basis of IPO price is disclosed in the offer document.

Hpl electric ipo share price

The issuer is required to disclose in detail about the qualitative and quantitative factors justifying the IPO price.

4. How is the IPO price determined?

The IPO price is normally based on such factors as the company’s financials, products and services, income stream as well as the demand for the shares and current market conditions.

The lead managers must determine a fair offering price, which takes into consideration the need for the company to raise capital while offering the new issue at a price which represents a fair value of the shares.

5.

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What is a Red Herring Prospectus?

A Red Herring Prospectus (RHP) is a document submitted by a company (issuer) as part of a public offering or an IPO of securities (either stocks or bonds).

6. Who is a retail investor as far as IPO is concerned?

A retail individual investor means an investor who applies or bids for securities of or for a value of not more than Rs 2,00,000.

7. Can a retail investor also bid in a book-built IPO?

Yes.

HPL Electric & Power Limited IPO @ Rs. 175-202 – Subscribe or Not?

He can bid in a book-built IPO for a value not more than Rs 2,00,000. Any bid made in excess of this will be considered in the HNI category.

8.

Hpl electric ipo share price

Can bids in a book-built IPO be changed/revised?

Yes. Investors can change or revise the quantity or price in the bid using the form for changing/revising the bid that is available along with the application form. However, the entire process of changing or revising the bids shall be completed before the IPO closes.

9.

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How can investors know the number of shares allotted to them?

In case of fixed price issues, investors are intimated about the CAN/Refund order within 10 days of the closure of the IPO.

In case of book built IPOs, the basis of allotment is finalised by the book-running lead managers within two weeks from the closure of the issue. The registrar then ensures that the demat credit or refund as applicable is completed within 6 working days of the closure of the issue.

10. Which are the reliable sources for me to get information about response to IPOs?

In the case of book-built issues, the exchanges (Bombay Stock Exchange/National Stock Exchange) display the data regarding the bids obtained (on a consolidated basis between both these exchanges).

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The data regarding the bids is also available category-wise.

11. How do I know if I am allotted shares? And by what timeframe will I get a refund if I am not allotted?

Investors are entitled to receive a Confirmatory Allotment Note (CAN) in case they have been allotted shares within 6 working days from the closure of a book Built issue.

The registrar has to ensure that the demat credit or refund as applicable is completed within 6 working days of the closure of the book-built issue.

The lead managers also publish an advertisement at least in an English national daily with wide circulation, one Hindi national paper and a regional language daily circulated at the place where registered office of the issuer company is situated.

12. How long will it take after the issue for the shares to get listed?

The listing on the stock exchanges is done within seven days from the finalisation of the issue.

Ideally, it would be around three weeks after the closure of the book-built issue.

In case of fixed price issue, it would be around 10 days after closure of the issue.

 

Have questions?

Write to us at [email protected] or call us at 1800 22 7500.

HPL Electric fixes IPO price band at Rs 175-202 per share

We will be happy to answer all your queries.

 

Disclaimers:

- Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges, the Do’s & Don’ts and the T & C on www.sharekhan.com before investing. Investments in equity is subject to market risks. You are advised to carefully read the red herring prospectus of the company and go through all the Risk Factors mentioned in the offer document issued by the company before investing.

The investment as mentioned in the document may not be suitable for all investors.

HPL Electric & Power Ltd @BTVi during IPO 2016

Investors may take their own decisions based on their specific investment objectives and financial position and using such independent advisors, as they believe necessary. Either SHAREKHAN or its affiliates or its directors or employees / representatives / clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have used the information set forth herein before publication.

- This mailer is for the purpose of information only.

Invest only after referring to the red herring prospectus dated September 9, 2016.

Registered Office: Sharekhan Ltd, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off.

HPL Electric & Power Ltd IPO (HPL Electric IPO) Detail

JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos.

Hpl electric ipo share price

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