HPL Electric IPO price band at Rs 175-202 per share

INDORE, India - Sept. 20, 2016 - PRLog -- HPL Electric and Power IPO is coming up on 22nd of Sept. It would regard see essential Market is help up with great IPOs. HPL Electric and Power Ltd is manufacturer of electric types of gear, metering solutions, switches, light types of gear, wires and links. They are selling and manufacturing under HPL Brand. The organization has listed steady PAT in most recent five years. Contrasting with the incomes it expanded about 9-10 Percent from a years ago same PAT expanded too. Share Market faces optimistic for next couple of weeks so subscribe for this IPO for listing up.

Business principle

HPL's post-issue obligation would be around ₹452 crore subsequent to repayment from the issue continues. As per India Ratings and Research, credit ratings allotted for for long time acquiring and working capital for monetary year closing 2016 stands at A-. With near 100% of the electronic segments imported in the lighting section from Taiwan, South Korea and China, the hazard of margin disintegration because of rupee devaluation is high.

The metering section, which contributed almost 50 % of FY16 income, recorded an annualized income development of around 10% in the course of the most recent 5 years. HPL supplies about 75 % of its meters to power utilities while the rest is supplied through exchange channels. Deferred payment by these force utilities that are confronting fiscal anxiety is influencing the organization's working capital cycle. Its average debtor days have expanded to 167 days in 2015-16 from 118 days in 2013-14.

The lighting section, which contributes about 23 % of FY16 income, is dominatingly determined by expanded demand for LED bulbs. This section developed at a CAGR of 25 % in the course of the most recent 5 years. bad development in the industrial power hardware part combined with a droop in the real estate market, has be that as it may, decelerated income in the switchgear section. The wires and links section as well, have seen small development in income lately.

HPL Electric and Power Financial:

HPL Electric and Power Ltd enrolled about 10 Percent development in present year contrasted with a year ago. The PAT expanded 37 crore from 34 crore while incomes expanded from 1050 crore to 1120 crore. According to the organization's business it appears it has great development ahead. In most recent 5 years when contrast with March 2012 organization's development in PAT is 28 Percent gain while Revenues gain by 55 Percent.

Company Promoters:

• Lalit Seth
• Havell's Pvt Ltd

HPL Electric IPO Dates & Price Band:

• IPO Open: September 22, 2016
• IPO Close: September 26, 2016
• IPO Size: Approx Rs.361 Crores (QIB 50 Percent, NIB 15 Percent, Retail 35 Percent)
• Face Value: Rs. 10/Equity Share
• Price Band: Rs. 175 - Rs. 202
• Listing on: BSE & NSE

HPL Electric IPO Market Lot:

• Shares: Apply for 70 Shares (Minimum Lot Size)
• Amount: Rs. 14,140
HPL Electric IPO Allotment & Listing: (Approx)

• Basis of Allotment: 29-Sept-2016
• Refunds: 30-Sept-2016
• Credit to demat accounts: 01-Oct-2016
• Listing: 04-October-2016
• Note: Refer Page No - of RHP

Quick Links:
Draft Prospectus with SEBI (www.sebi.gov.in/cms/sebi_data/commondocs/HPLElectricPowerLimited-DRHP_p.pdf)
Red Herring Prospectus (www.sebi.gov.in/cms/sebi_data/attachdocs/1473852755687.pdf)

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