HP Telecom IPO: IPO is coming for the corporate that distributes apple merchandise, alternative to speculate from February 20 – INA NEWS

HP Telecom we’re IPO: HP Telecom, a Gujarat -based cell phone and equipment distribution firm, goes to deliver its IPO. This public situation will open for subscription on 20 February. This would be the first IPO to be declared subsequent week. Buyers may have a chance to speculate on this SME IPO until 24 February. HP Telecom intends to lift Rs 34.22 crore via IPO. Below this, 31.69 lakh shares can be issued.

About HP Telecom IPO

After subscription, profitable buyers are anticipated to be allotted shares by February 25. Buyers can begin buying and selling in shares of HP Telecom on NSE Emerg from 28 February. A proposal value of Rs 108 has been fastened for the difficulty. It is a fastened value situation. Solely contemporary fairness shares can be issued in it, that’s, there can be no sale via the provide on the market (offs). Which means that all the revenue from the IPO will go to the corporate.

The place will HP Telecom use funds

HP will use Rs 30 crore out of the funds obtained from the telecom IPO for working capital wants and Rs 3.5 crore for common company functions.

HP Telecom is a licensed distributor of Apple Inc. in Madhya Pradesh, Chhattisgarh, Uttar Pradesh and Gujarat. Within the final monetary 12 months, Apple merchandise contributed 85 per cent to the corporate’s income. Interactive monetary providers have been appointed the one e-book operating lead supervisor for this situation.

Disclaimer: Right here data supplied is being given just for data. It’s crucial to say right here that the funding market out there is topic to dangers. All the time seek the advice of specialists earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.