HPL Electric IPO

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HPL LogoHPL Electric IPO

HPL Electric is an established electric equipment manufacturer in India, producing a range of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. The company claims to have the largest market share in the market for electricity energy meters in India in fiscal 2015 and the fifth largest market share for LED lamps. The company's products verticals and their contribution to annual revenues is as follows:
Metering Solutions - 46.62% of FY2016 revenues
Lighting Equiments - 23.96%
Switchgears - 15.40%
Wires & Cables - 13.94%
Railway Electrification Projects - 0.09%
The company’s retail network comprises of over 2,400 authorized dealers or distributors as on March 31, 2016. HPL Electric has warehouses located in 21 states and union territories in India that are managed by  carrying and forwarding agents. In addition, the company supplies its products to Power Utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors.
HPL Electric has manufacturing plants in Gurgaon, Gharaunda (Karnal), Gannaur (Sonepat), Kundli (Sonepat), all in Haryana and Jabli in Himachal Pradesh. In addition, the company has two research and development (R&D) facilities in Gurgaon and Kundli.
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Subscription Dates 22 - 26 September 2016
Price Band INR175 - 202 per share
Fresh Issue Size INR361 crore
Total IPO size INR361 crore
Minimum bid (lot size) 70 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On BSE, NSE

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Fresh issue size INR361 crore
Repayment of debt INR130 crore
Working capital requirements INR180 crore

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Name of shareholder Equity Shares Percentage (%)
HPL India Limited 11,738,238 25.28
Havells Electronics Private Limited 11,652,130 25.10
Lalit Seth 7,703,098 16.59
Himachal Energy Private Limited 5,625,000 12.12
Havell’s Private Limited 2,842,655 6.12
Gautam Seth 2,231,740 4.81
Rishi Seth 2,231,740 4.81
Praveen Seth 2,133,098 4.59
Amerex India Private Limited 210,000 0.45
Chandra Prakash Jain 37,500 0.08
Total 46,405,199 99.96

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HPL Electric’s financial performance (in INR crore)

  FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue 724.3 915.7 1016.0 1051.8 1121.2
Total expenses 686.3 874.0 978.3 1007.9 1072.8
Profit after tax 28.3 31.4 28.3 34.6 36.6

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HPL Electric's IPO Subscription Details

Category Shares offered

Subscription (no. of times, at 7 PM) 

Day 1 Day 2 Day 3
QIB  4,125,715 0.00  0.35 5.76
NII  3,094,286 0.00 0.01  22.20
Retail  7,220,000  0.12 0.37  3.19
Total  14,440,001 0.06 0.29  8.00

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HPL Electric IPO Allotment Status

HPL Electric's IPO allotment status is now available on Karvy Computershare's website. Click on this link to get allotment status.

[/vc_column_text][vc_row_inner][vc_column_inner width="1/2"][td_block_9 custom_title="Articles about HPL Electric" header_color="#96d668" tag_slug="HPL Electric & Power"][vc_separator][td_block_text_with_title custom_title="HPL Electric Contact Details"]HPL Electric & Power Ltd 
1/21, Asaf Ali Road,
New Delhi 110 002

Phone: +91 011 2323 4411
Fax: +91 011 2323 2639
Email: hplcs@hplindia.com
Website: www.hplindia.com

[/td_block_text_with_title][/vc_column_inner][vc_column_inner width="1/2"][td_block_text_with_title custom_title="What we are reading"]Engineering Review: HPL: The Innovator Of Technology In India

Project Reporter: Lalit Seth, Chairman and Managing Director, HPL Electric & Power Ltd

[/td_block_text_with_title][td_block_ad_box spot_id="custom_ad_1"][vc_separator][td_block_text_with_title custom_title="Registrar of HPL Electric IPO"]Karvy Computershare Private Limited
Karvy Selenium Tower B,
Plot 31-32, Gachibowli, Financial District
Nanakramguda, Hyderabad 500 032
Telangana, India

Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com[/td_block_text_with_title][/vc_column_inner][/vc_row_inner][td_block_ad_box spot_id="custom_ad_5"][vc_separator color="vista_blue"][td_block_text_with_title custom_title="Listing Performance of HPL Electric IPO"]

IPO Opening Date: 22 September 2016

IPO Closing Date: 26 September 2016

Finalisation of Basis of Allotment: 29 September 2016

Initiation of refunds: 30 September 2016

Transfer of shares to demat accounts: 3 October 2016

Listing Date: 4 October 2016

Listing Price on NSE: INR190 per share (discount of 5.9% on IPO price)

Closing Price on NSE: INR190 per share (discount of 5.9% on IPO price)[/td_block_text_with_title][/vc_column][vc_column width="1/3"][vc_widget_sidebar sidebar_id="td-default"][/vc_column][/vc_row]

HPL Electric IPO
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8 thoughts on “HPL Electric IPO

  • October 1, 2016 at 1:37 PM
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    give me allotment details of hpl ipo so allotment ya not. application nmbr 24262070

    Reply
  • September 20, 2016 at 7:21 AM
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    Absolutely true, it is very expensive at these rates. Better to invest in bigger n more profitable companies. There must be even index companies available at these prices.

    Reply
  • September 16, 2016 at 5:50 PM
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    Some important figures for HPL Electric & Power

    EPS
    6.2 in 2013/14
    7.42 in 2014/15
    7.98 in 2015/16

    PE ratio 25.6X at higher band of 202

    Clear avoid, no hope of making money in this ipo

    Reply
    • October 3, 2016 at 7:13 PM
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      Sir your analysis has been correct in ICICI Pru and l&t. What do you suggest in endurance??

      Reply
      • October 4, 2016 at 11:21 AM
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        Frankly, HPL has not disappointed me as I was sure it will be a discounted listing…
        Endurance has a much better busienss than HPL. Apply banta hai

        Reply

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