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

Issue open : Sep 22, 2016 - Sep 26, 2016

                                                                                           

Incorporated in 1992, HPL Electric & Power Ltd is a electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's portfolio includes single phase, three phase, LTCT, and prepayment meters; switchgears, such as air circuit breakers, mini circuit breakers, on-load changeover switches, control gears, modular switches, and moulded case circuit breakers distribution panels under the HPL Techno, HPL Rakshak, and bsafe brands; light-emitting-diode lamps, luminaires, and compact fluorescent lamps; and wires and cables. Visit chittorgarh.com for more detail.
HPL supply their products through a network of authorized dealers or distributors to institutional, non-institutional and corporate customers as well as developers of residential and commercial building projects, OEMs and to industrial customers through a mix of direct sales and supply through authorized dealer network. They also supply their 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.

Company Promoters:

The promoters of the company are:
1. Lalit Seth
2. Havell's Pvt Ltd

Company Financials:

Summary of financial Information

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	13,489.73	11,417.30	9,857.00	9,071.08	7,678.04
Total Revenue	11,201.19	10,498.32	10,122.77	9,075.44	7,188.55
Profit After Tax (PAT)	370.43	344.43	287.84	314.14	287.56

Objects of the Issue:

The object of the issue are to:
1. Repayment/ prepayment of certain indebtedness;
2. Funding working capital requirements; and
3. General corporate purposes.

Issue Detail:

  »»  Issue Open: Sep 22, 2016 - Sep 26, 2016
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: [.] Equity Shares of Rs 10 aggregating up to Rs 36.10 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs. 175 - Rs. 202 Per Equity Share
  »»  Market Lot: 70 Shares
  »»  Minimum Order Quantity: 70 Shares
  »»  Listing At: BSE, NSE