HP Telecom India Limited IPO

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HP Telecom India Limited (HPTIL) was initially incorporated as HP Telecom India Private Limited on March 26, 2011. The company began as a distributor of mobile phones, accessories, and related products, marking its entry into the competitive distribution market.

Currently HP Telecom India Limited is recognized as the exclusive distributor of Apple products in significant territories, including:
i. Madhya Pradesh & Chhattisgarh                                    ii. Select cities in Uttar Pradesh
iii. Major urban centers in Gujarat

Apple products remain the core focus of HPTIL’s distribution portfolio. The company caters to a growing base of tech-savvy consumers by delivering iconic and innovative Apple devices.

Diversification into New Brands:

To broaden its offerings, HPTIL also distributes products from other brands. A notable milestone in FY 2023-24 was the acquisition of exclusive distribution rights for the innovative tech brand, ‘Nothing,’ across Gujarat. This diversification underscores the company’s commitment to staying ahead of market trends and meeting varied consumer demands.

Conclusion

HP Telecom India Limited has grown from a regional distributor of mobile products to a dynamic, multi-product distributor with a strong presence in multiple states. By leveraging exclusive partnerships with globally renowned brands like Apple and emerging brands like Nothing, HPTIL continues to solidify its position as a leader in the technology distribution space. The company’s adaptability, as demonstrated during the pandemic, highlights its resilience and ability to navigate evolving market conditions while driving sustained business growth.

Objects of the HP Telecom India Limited IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: i. Funding the working capital requirements of the company; and ii. General Corporate Purpose;
DRHP of HP Telecom India Limited IPO
RHP of HP Telecom India Limited IPO

HP Telecom India Limited IPO Details:

Open Date: Feb 20 2025
Close Date: Feb 24 2025
Total Shares: 31,69,200
Face Value: ₹ 10 Per Equity Share
Issue Size: 34.23 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 108 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 27 2025

Promoters And Management:

Vijay Lalsingh Yadav, Managing Director and Promoter of the Company, holds a Bachelor of Arts degree from Kurukshetra University (2000). With over 13 years of experience in the telecom industry, he has been actively involved in the company since its inception, rejoining as Executive Director in October 2020. He also oversees other ventures, including HV Connecting Infra, Pinak.Tech, HVC Finance, PM and HM Petroleum, HV Lubricants, and Vijay Yadav HUF. Seemabahen Vijay Yadav, Whole-time Director and Promoter of the Company, holds a Bachelor of Arts degree from South Gujarat University (2002). With over 13 years of experience in the telecom industry, she has been involved with the company since its inception, rejoining as Executive Director Chairperson in October 2020. She oversees online business initiatives, operations, team coordination, and project management. Her other ventures include HV Connecting Infra, Pinak.Tech, HVC Finance, HV Lubricants, and Communication Merchant. Bharatlal Lalsingh Singh, Non-Executive Director of the Company, completed his Senior Secondary education from the Board of School Education, Haryana, in 1998. With over 10 years of experience in mobile distribution, he joined the company on March 13, 2024, overseeing operational efficiency, quality assurance, and UP supply chain logistics. He has also been a Partner at Communication Merchants since 2014.

Financials of HP Telecom India Limited IPO:

In Cr.
Particulars Sep 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 581.23 1,058.91 637.50 292.04
Growth in revenue 66.10% 118.29% 23.40%
EBITDA 10.01 19.47 12.85 4.85
EBITDA Margins 1.72% 1.84% 2.02% 1.66%
PAT 5.23 8.60 6.35 2.13
PAT Margins 0.90% 0.81% 1% 0.73%
ROCE 66.62% 62.41% 31.17%
D/E ratio 3.06 3.43 2.89 1.58
CFOA 6.16 -25.65 7.25 -4.62

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
HP Telecom India (FY 2024) 1,058.91 Cr. 1.84% 0.81% 3.06 128.67 Cr. 14.96*
Bhatia Communications & Retail (India) (TTM) 433 Cr. 5% 3.23% 0.19 307 Cr. 22.10
Jay Jalaram Technologies (TTM) 651 Cr. 2% 1.22% 0.66 312 Cr. 41.10
*Forward PE on the basis of FY 25 profit is 12.30.

Recommendation on HP Telecom India Limited IPO:

Review and Recommendation of HP Telecom India IPO by team IZ is 3/10.

Lead Manager of HP Telecom India Limited IPO:

  1. Interactive Financial Services

Registrar of HP Telecom India Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

HP Telecom India Limited Plot No – 97, 01st Floor, Om Square Near Ishwar Farm, BRTS Canal Road, Bhatar, Althan-395017 Phone: +91 9825309977 Email: compliancehptl@gmail.com Website: https://www.hvciipl.com/

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