Business Standard

HPL Electric & Power Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

361.00 cr

Price Range (₹)

202

Lot Size

70

Min Investment (₹)

14,140.00

Listing Exchange

MumbaiNSE

Open Date

22-Sept-2016

Close Date

26-Sept-2016

Listing Date

04-Oct-2016

HPL Electric & Power Ltd News

    The Shares of HPL Electric & Power Ltd have now been listed.

    HPL Electric & Power Ltd IPO Details

    Initial Public Offering of 17,871,287 Equity shares of face value of Rs. 10 each (The Equity shares) of HPL Electric & Power Ltd (The Company or the Company or the issuer) for cash at a price of Rs. 202 per quity share (including share premium of Rs. 192 per equity share) (The issue price) aggregating up to Rs. 361.00 Crores (The Issue). The issue shall consititute 27.79% of the post-issue paid-up equity share capital of the company.The Face value of the equity shares is Rs. 10/- each and The IssuePrice is Rs. 202 per equity share, which is 20.2 times the face value of the equity shares.

    Objective of issue

    Repayment/prepayment of certain indebtedness. Funding working capital requirements. General corporate purposes.

    HPL Electric & Power Ltd Contact Details

    HPL Electric & Power Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - hplcs@hplindia.com

    Website - www.hplindia.com