HP Telecom India: HP Telecom India shares get listed at 6.53% premium!HP Telecom India: HP Telecom India shares get listed at 6.53% premium!

HP Telecom India made a decent stock market debut on NSE SME on February 28, listing at ₹115.05, reflecting a 6.53% gain over its ₹108 IPO price. The moderate listing indicates stable investor sentiment and limited immediate upside for early subscribers.

HP Telecom India IPO saw strong demand on the final day, subscribing 1.91 times. It received bids for 57.54 lakh shares against 30.09 lakh on offer. The retail portion was subscribed 1.85 times, while non-institutional investors (NII) bid 1.97 times the allotted quota.

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HP Telecom India Limited, founded in March 2011, specializes in distributing mobile phones and accessories. It holds exclusive distribution rights for Apple products in Madhya Pradesh, Chhattisgarh, parts of Uttar Pradesh, and Gujarat. With a strong brand reputation and robust supplier network, it ensures seamless product availability.

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HP Telecom India Ltd aims to use ₹30 crore for working capital in FY 2025, supporting its Apple distribution across three states. Additionally, ₹3.5 crore will be allocated for corporate purposes, strategic initiatives, capital expenditure, and operational growth.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.