HP Telecom India Limited (HPTL) was established on March 26, 2011, as a private entity. Since its inception, HPTL has been dedicated to providing top-tier telecommunications solutions and services to its clientele. HPTL operates with a focus on professionalism, innovation, and customer satisfaction.

HP Telecom India, an Fixed Price Issue amounting to ₹ 34.22 Crores, consisting entirely an Fresh Issue of 31.69 Lakh Shares. The subscription period for the HP Telecom India IPO opens on February 20, 2025, and closes on February 24, 2025. The allotment is expected to be finalized on or about Tuesday, February 25, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Friday, February 28, 2025.

The Share Price of HP Telecom India IPO is set at ₹ 98 per equity share. The Market Capitalisation of the HP Telecom India Limited at IPO price of ₹ 98 per equity share will be ₹ 116.76 Crores. The lot size of the IPO is 1,200 shares. Retail investors are required to invest a minimum of ₹ 1,17,600, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹ 2,35,200.

INTERACTIVE FINANCIAL SERVICES LIMITED is the book running lead manager of the HP Telecom India IPO, while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. After Trade Broking Private Limited is the Market Maker for HP Telecom India IPO.

HP Telecom India Limited IPO GMP Today
The Grey Market Premium of HP Telecom India Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

HP Telecom India Limited IPO Live Subscription Status Today: Real-Time Update
As of 05:00 PM on 21 February, 2025, the HP Telecom India Limited IPO live subscription status shows that the IPO subscribed 1.24 times on its Second day of subscription period. Check the HP Telecom India IPO Live Subscription Status Today at NSE.

HP Telecom India Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
14 February 2025	₹ 98	₹ 98	₹ 0 (0.00%)	07:00 PM; 14 Feb 2025

HP Telecom India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
HP Telecom India IPO allotment date is 25 February, 2025, Tuessday. HP Telecom India IPO Allotment will be out on 25 February, 2025 and will be live on Registrar Website from the allotment date. Check HP Telecom India IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select HP Telecom India Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of HP Telecom India Limited IPO
HP Telecom India proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 3,000.00 Lakhs is required for Funding the working capital requirements of the Company; and
2. ₹ 350.00 Lakhs is required for General Corporate Purpose

Refer to HP Telecom India Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About HP Telecom India Limited

Business Overview

HP Telecom India Limited, originally incorporated as HP Telecom India Private Limited on March 26, 2011, initially focused on distributing mobile phones, accessories, and related products. Under the leadership of Vijay Yadav, Seema Yadav, and Bharatlal Lalsingh Singh, the company secured exclusive distribution rights for Sony LED TVs and mobiles in Gujarat during FY 2014-15. The portfolio later expanded to LCD/LED home theatres, air conditioners, and other home appliances.

In FY 2015-16, the company further diversified by obtaining exclusive rights for Jio products in Gujarat. In 2016, it secured Apple’s distribution rights for the Vapi Region, aligning with Apple's expansion strategy in India. During FY 2020-21, amid the COVID-19 pandemic, the company entered the healthcare sector by manufacturing and distributing N95 surgical masks but has since discontinued this segment.

Currently, HP Telecom India operates as the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centers in Gujarat, offering iPhone, iPad, Mac, Apple Watch, and more. In FY 2023-24, the company secured exclusive distribution rights for ‘Nothing’ in Gujarat, further expanding its portfolio.

Trading operations in Karnataka began in the current financial year, focusing on Apple accessories, Nothing smartphones, and related accessories. However, there is no formal distribution agreement in this region, with products procured through authorized channels.

Apple products contribute over 80% of the company’s revenue, with the remainder generated from brands like Jio Recharge, Jio Phones, and Infinix Mobiles. The company maintains a strong market position while capitalizing on emerging opportunities in the technology sector. As on September 30, 2024, the Company had 07 permanent employees and 84 employees on contractual basis. The Bankers to the Company are State Bank of India and Axis Bank.

Industry Analysis

The Indian consumer durables and electronics market is witnessing rapid expansion, driven by increasing disposable income, technological advancements, and urbanization. The sector has seen remarkable growth, with electronics exports rising by 13.8% in FY23, and India targeting $300 billion in electronics manufacturing by FY26. Additionally, the white goods market is projected to surpass $21 billion by 2025, growing at a CAGR of 11%. The surge in smartphone manufacturing, particularly with global brands like Apple ramping up local production, further underscores the industry's robust trajectory.

MaxVolt Energy Industries operates within this dynamic market, and its positioning plays a crucial role in its competitive strength. Understanding its core segment—whether in batteries, energy storage, or power electronics—is essential to evaluating its market standing. A comparison with established players like V-Guard, Havells, and Microtek helps determine its competitive advantages in technology, pricing, distribution network, and brand recognition.

Several industry drivers create a favorable environment for MaxVolt. The Production-Linked Incentive (PLI) scheme for white goods encourages domestic manufacturing, providing financial incentives that boost competitiveness. The growing demand for energy solutions, particularly as power consumption increases, highlights the need for energy-efficient products and storage solutions, which could directly benefit MaxVolt. Additionally, the rise of smart homes and IoT-based energy management systems fuels demand for advanced, eco-friendly products that align with evolving consumer preferences.

However, MaxVolt also faces potential challenges. The industry is marked by intense competition from well-established manufacturers with strong market penetration. Dependence on imports for key raw materials in energy solutions could pose supply chain risks and cost fluctuations. Regulatory changes and environmental policies may also impact production costs, requiring strategic adaptability to maintain profitability

Business Strengths

1. Exclusive Distribution Rights
HP Telecom India holds exclusive distribution rights for Apple products in Chhattisgarh, Madhya Pradesh, select cities in Uttar Pradesh, and major cities in Gujarat. This exclusivity limits competition, strengthens market presence, and enables strategic control over distribution and marketing. Tailored strategies enhance market share, sales, and profitability.

2. Strong Brand Reputation
With over 80% of revenue derived from Apple product distribution, HP Telecom India benefits from the brand's global recognition for quality and innovation. This association enhances credibility, attracts customers seeking premium technology, and fosters customer loyalty, driving sustained growth and profitability.

3. Experienced and Visionary Leadership
Under the leadership of Vijay Yadav, who has 21 years of experience in smartphone and accessories distribution, HP Telecom India has achieved strategic growth and adaptability. Strong leadership fosters informed decision-making, innovation, and a motivated workforce, ensuring a competitive edge.

4. Robust Supplier Network
Vijay Yadav’s strong relationships with suppliers ensure a reliable and consistent supply chain. Efficient collaboration enables timely deliveries, quality assurance, and cost optimization. A well-established supplier network enhances adaptability, mitigates risks, and supports business expansion.

5. Financial Stability and Resources
Distributing one of the world’s leading brands, Apple, requires financial stability. Strong liquidity and investment capabilities enable business expansion, resilience against market challenges, and credibility among stakeholders. Effective resource management ensures long-term profitability and growth.

Business Strategies

1. Market Penetration Strategies
HP Telecom India is actively expanding its market share through aggressive marketing, sales promotions, and enhanced distribution channels. Efforts are underway to extend designated territories to additional states. The long-term vision includes transitioning from a regional Apple distributor to a Direct Partner for Apple in India, unlocking substantial growth opportunities and exclusive benefits.

2. Optimizing Business Operations
A continuous focus on optimizing the working capital cycle enhances liquidity, inventory management, and receivables. Streamlining processes, negotiating favorable supplier terms, and accelerating cash collections maximize efficiency, freeing up capital for expansion and investment.

3. Sole Distributorship and Market Leadership
As the exclusive distributor for Apple in Madhya Pradesh and Chhattisgarh, with coverage in major cities of Gujarat and Uttar Pradesh, HP Telecom India has established a dominant market position. This exclusivity strengthens relationships with Apple and reinforces market leadership in key economic regions.

4. Continuous Research on Growing Brands
Since 2016, HP Telecom India has strategically focused on high-growth brands like Apple, and in FY 2022-23, expanded into the "Nothing" brand segment. Prioritizing emerging brands ensures strong margins, enhanced market presence, and sustained profitability, solidifying its position as a preferred distributor

Business Risk Factors and Concerns

1. Dependence on OEMs for Product Supply
HP Telecom India relies on original equipment manufacturers (OEMs) for the telecommunication products it distributes. Any delay or failure in product supply from global technology brands could significantly impact business operations, profitability, and reputation.

2. Exclusive Apple Distribution and Revenue Dependence
The company serves as an exclusive regional distributor of Apple products in Madhya Pradesh, Chhattisgarh, parts of Uttar Pradesh, and most of Gujarat. Over 80% of revenue is derived from Apple’s product range, including iPhone, iPad, MacBook, Apple Watch, and accessories. Additionally, distribution rights for the brand ‘Nothing’ in Gujarat have been recently obtained. The remaining revenue comes from distributing brands like JIO, INFINIX, and VIVO Y1S.

3. Reliance on OEM and National Distributor Relationships
Business operations depend on strong relationships with OEMs and national distributors. Any reduction in product availability, contract modifications, or termination of agreements by OEMs or national distributors could negatively impact financial performance. Increased authorization of additional regional distributors or direct sales to end-users by OEMs may also pose risks to the distribution network.

4. Brand Strength and Product Innovation Dependency
Sustained revenue growth is linked to the ability of telecommunication brands to maintain, promote, and develop their brand value. The introduction of new information and communications technology (ICT) products at regular intervals is crucial for business continuity.

5. Credit Risk and Liquidity Challenges
Extending credit to customers exposes the company to risks of delayed payments or non-payment, which could impact cash flow and liquidity. Despite due diligence on customers' financial health, economic downturns or financial instability in customer businesses may increase credit exposure and potential losses.

HP Telecom India operates as a key regional distributor of Apple products and other telecommunication brands, with a significant portion of revenue dependent on Apple. Business sustainability relies on strong OEM and national distributor relationships, timely product supply, and continuous brand innovation. Any disruption in these areas, including contract changes, supply delays, or increased competition, could impact profitability. Additionally, extending credit to customers presents liquidity risks, making financial diligence essential to mitigate potential losses.