Must know facts before applying HPL Electric Power IPO

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HPL Electric Power is coming out with an IPO on Sept 22 to Sept 26, 2016. The price band for HPL Electric Power IPO is fixed at Rs.175 to Rs.202 per equity share. The company had filed a draft red herring prospectus (DRHP) to the hit the capital market with an Initial public offering to raise Rs. 361 crore. The IPO is lined immediately after a big one ICICI Prudential Life Insurance IPO which will remain open from Sept 19 to Sept 21, 2016

Company Profile:

The company was incorporated as on May 28, 1992 and based in New Delhi, India. The firm manufactures various electric equipments like metering solutions, switch gears, wires and cables. It is spread in pan India through its sales and distribution network. The company is selling its ready products under the umbrella brand ‘HPL’. As on December 31, 2015, the company has a record over 2000 authorized dealers or distributors further to supply its final products.

The warehouses of the company are located in 21 states and union territories in India. It manages over 90 branch offices in India. The company supplies its product range to the contractors or builders of residential and commercial building projects, original equipment manufacturers (“OEMs”) and to industrial customers using the mode of direct selling or through its authorized dealers network. It has introduced two in house research and development centers one each at Kundli (Haryana) (the “Kundli R&D Centre”) and Gurgaon (Haryana) (the “Gurgaon R&D Centre”, and together with Kundli R&D Centre, the “R&D Centres”).

Research and development department of the firm has initiated to provide a street lighting system where they set an automatic systems for sunset and sunrise timings and remote energy metering and dimming of such lights during off-peak hours in favor of to save energy and manpower.

The firm runs six manufacturing facilities in the location of Haryana and Himachal Pradesh states which have in-house testing capabilities. It is ISO 9001 certified.

Outlook of the Firm:-

Maintained its brand name in the electric equipment industry;
Offering various products range;
Efficient manufacturing units with an upgraded technology systems;
Available through its sales and distribution networks in pan India.
Established relationship with institutional customers and strong pre-qualification credentials
Highly qualified management team and skilled workforce.

Objects Of The Issue: HPL Electri Power IPO

1) Repayment/ prepayment of certain indebtedness;

2) To meet fund for working capital requirement;

3) To enhance the brand name and image of the company listing on the secondary market;

3) General Corporate purposes.

Summary Of Issue: HPL Electric Power IPO

Issue Open:-	Sep 22, 2016 to Sept 26, 2016
Issue Type	100% Book Built Issue IPO
Issue Size (Shares)	[]Equity Shares
Issue Size in (Value)	Equity Shares of Rs. aggregating up to Rs. 361 Crore
Face Value	Rs.10 Per Equity Share
Issue Price	Rs. 175 -202 Per Equity Share
Market lots	70 Shares
Minimum Order Quantity	70 Shares
Listing At	BSE, NSE

Promoters Of the Company:-

Individual Promoter

Mr. Lalit Seth:- He is 69 years old. He is the Chairman and managing director of the company. He holds 40 years of experience in the electric equipment industry.

Corporate Promoters

Havell’s Private Limited:- It was incorporated as on November 24, 1956. It is dealing in the business of manufacturing meters, machinery and other electric equipment. It is not listed company in capital market of India or global market.

Financials:

Particulars	For the year/Period ended (Rs. in Million)
Financial Year	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12	31-Mar-11
Total Equity & Liabilities	11417.30	9857	9071.08	7678.04	5660.50
Total Assets	11417.30	9857	9071.08	7678.04	5660.50
Total Revenue	10498.32	10122.77	9075.44	7188.55	5675.03
Total Expenses	10060.63	9741.97	8658.46	6805.12	5201.84
Profit After Tax (PAT)	344.43	287.84	314.14	287.56	372.53

Subscription figure of HPL Electric Power IPO

The figures will be available as soon as the IPO will open. Please keep looking for this space.

Allotment Status for HPL Electric Power IPO

Allotment of HPL Electric Power IPO is expected to be done within a week of closure date. In case you have applied for IPO, you may check on the below stated link with you PAN number or DP Id or Application No.

All you need to follows are these steps.