HPL Electric & Power IPO
HPL Electric & Power IPO — date, price band, lot size & details 2016
HPL Electric & Power listed on 4 Oct 2016 at ₹190, 5.9% below the ₹202 issue price.
HPL Electric & Power makes metering solutions, switchgear, lighting and wires and cables under the HPL brand. Its total income was Rs 1,120.12 crore in FY2016.
Stock price
HPL Electric & Power is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 22 Sep 2016
- Close 26 Sep 2016
- Allotment 29 Sep 2016
- Refund/credit 30 Sep 2016
- Listing 04 Oct 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 22 to 26 Sep, 2016 |
|---|---|
| Price Band | ₹175 – ₹202 |
| Face Value | ₹10 |
| Lot Size | 70 Shares |
| Issue Size | ₹361 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,140 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 70 shares at the ₹202 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 70 | ₹14,140 |
| Retail (max) | 14 | 980 | ₹1,97,960 |
| S-HNI (min) | 15 | 1,050 | ₹2,12,100 |
| S-HNI (max) | 70 | 4,900 | ₹9,89,800 |
| B-HNI (min) | 71 | 4,970 | ₹10,03,940 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 1,012.28 crore in FY2014 to Rs 1,120.12 crore in FY2016.
- 02Profit after tax rose from Rs 28.78 crore in FY2014 to Rs 37.04 crore in FY2016.
- 03EBITDA rose from Rs 110.23 crore in FY2014 to Rs 146.00 crore in FY2016.
- 04Rs 130.00 crore of the issue was for repaying debt.
Risks · 5
- 01Total borrowing rose from Rs 382.68 crore in FY2014 to Rs 547.60 crore in FY2016, above its net worth.
- 02Profit after tax was only Rs 37.04 crore on income of Rs 1,120.12 crore in FY2016.
- 03Rs 180.00 crore of the issue was for working capital, which is heavy in this business.
- 04Meters are often sold to state utilities, which can pay late; total assets were Rs 1,348.97 crore.
- 05Promoter holding fell from 99.92% before the issue to 72.15% after it.
Three years of numbers
All figures in ₹ crore, as reported in the HPL Electric & Power offer document.
| Metric | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|
| Assets | 1,348.97 | 1,141.73 | 985.70 |
| Total Income | 1,120.12 | 1,049.83 | 1,012.28 |
| Profit After Tax | 37.04 | 34.44 | 28.78 |
| EBITDA | 146.00 | 130.08 | 110.23 |
| NET Worth | 355.28 | 318.80 | 310.71 |
| Reserves and Surplus | 308.85 | 300.23 | 292.14 |
| Total Borrowing | 547.60 | 485.24 | 382.68 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹336.96 Cr of the issue is earmarked to named objects.
HPL Electric & Power IPO Anchor Investors
13 anchor investors across 6 fund houses committed ₹108.30 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It makes and sells electrical equipment including metering solutions, switchgear, lighting equipment, and wires and cables under the HPL brand.
Its metering range includes single phase, three phase and LTCT meters.
The IPO was Rs 361 crore and was entirely fresh issue at Rs 202, the top of the Rs 175 to Rs 202 band. The money was for repaying debt and working capital.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
HPL Electric & Power IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of HPL Electric & Power?
The current Grey Market Premium is ₹0.
What is the HPL Electric & Power IPO price band?
₹175 to ₹202, on a face value of ₹10.
When is the allotment?
The basis of allotment is 29 September 2016, with listing on 4 October 2016.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
