HPL Electric and Power Limited IPO
HPL Electric and Power Limited was a mainboard IPO in the Industrial Products sector, offered at ₹175–₹202 per share to raise ₹361 crore. The issue was subscribed 8.06× overall (QIBs 5.77×, NIIs 22.2×, retail 3.31×). It listed on 4 Oct 2016 at ₹190 and closed its first day at ₹189, a listing loss of -6.3% versus the ₹202 issue price. It now trades around ₹226 (+11.8% versus the issue price).
Frequently asked questions
- How many times was the HPL Electric and Power Limited IPO subscribed?
- The HPL Electric and Power Limited IPO was subscribed 8.06× overall — 5.77× in the QIB category, 22.2× among non-institutional investors, 3.31× in retail.
- What were the HPL Electric and Power Limited IPO listing gains?
- HPL Electric and Power Limited listed on 4 Oct 2016 at ₹190, closing its first day at ₹189 — a listing loss of -6.3% versus the ₹202 issue price.
- What were the retail allotment odds for the HPL Electric and Power Limited IPO?
- Retail was subscribed 3.31×, so a single-lot application had roughly a 30.2% chance of allotment (about 1 in 3), and allotment was finalised on 28 Sep 2016.
- What was the price band and lot size of the HPL Electric and Power Limited IPO?
- The price band was ₹175–₹202 per share, with a minimum lot of 70 shares (₹14,140 at the upper band).
- Who were the registrar and lead manager for the HPL Electric and Power Limited IPO?
- Karvy Computershare Private Limited was the registrar, and SBI Capital Markets was the book-running lead manager.