| Company | HP Telecom India Limited |
| Company Type | SME |
| Sector | Electronics Retail |
| Promoter Holding- Pre IPO | 99.99% |
| Promoter Holding – Post IPO | 73.40% |
| Dilution (%) | 26.60% |
| Fresh Issue | 31,69,200 shares- INR 34.23 Cr |
| OFS | – |
| Offer Size | INR 34.23Cr |
| Price Band | INR 108 per share |
| Cost for one lot | INR 1,29,600 |
| No. of Share Post-IPO | 1,19,14,710 Shares |
| Market Cap | INR 129 Cr. |
| FY22 Profit | INR 2 Cr. |
| FY23 Profit | INR 6.5 Cr. |
| FY24 Profit | INR 8.5 Cr. |
| H1FY25 Profit | INR 5.5 Cr. |
| P/E | 14x |
| Last Year’s Sales Growth | 10% |
| Opening Date | 20-Feb-2025 |
| Closing Date | 24-Feb-2025 |
| Listing Date | 28-Feb-2025 |
| DRHP | https://nsearchives.nseindia.com/emerge/corporates/content/HPTelecomIndiaLimited_DP.pdf |
Question 1: What is the overview of the Company
HP Telecom India Limited (HPTIL) primarily distributes mobile phones, telecom products, and consumer electronics across multiple regions in India. The company is an authorized distributor for several well-known brands, including Apple, Sony, Jio, and Nothing, supplying their products to retailers and wholesalers.
Key Business Activities:
- Mobile Phone & Accessories Distribution
- Distributes Apple, Nothing, Jio, and other brands’ mobile phones and accessories.
- Operates as a regional distributor in Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh (West).
- Telecom & Network Products Distribution
- Exclusive distribution rights for Jio products, including SIM cards and network devices.
- Expands telecom product sales in Gujarat and surrounding areas.
- Consumer Electronics Distribution
- Supplies Sony LED TVs, home theatres, air conditioners, and other appliances to retail partners.
- E-Commerce & Online Expansion
- Collaborates with online retailers and platforms to enhance product reach.
Question 1: What is the overview of the Company?
HP Telecom India Limited (HPTIL) primarily distributes mobile phones, telecom products, and consumer electronics across multiple regions in India. The company is an authorized distributor for several well-known brands, including Apple, Sony, Jio, and Nothing, supplying their products to retailers and wholesalers.
Key Business Activities:
- Mobile Phone & Accessories Distribution
- Distributes Apple, Nothing, Jio, and other brands’ mobile phones and accessories.
- Operates as a regional distributor in Gujarat, Madhya Pradesh, Chhattisgarh, and Uttar Pradesh (West).
- Telecom & Network Products Distribution
- Exclusive distribution rights for Jio products, including SIM cards and network devices.
- Expands telecom product sales in Gujarat and surrounding areas.
- Consumer Electronics Distribution
- Supplies Sony LED TVs, home theatres, air conditioners, and other appliances to retail partners.
- E-Commerce & Online Expansion
- Collaborates with online retailers and platforms to enhance product reach.
Revenue Bifurcation (Apple Products v/s Non-Apple Products):
Revenue Bifurcation (Apple Products v/s Non-Apple Products):
Product wise Revenue Bifurcation:
State Wise Revenue Bifurcation:
State wise Dealer Network:
Question 2. Who Are the promoters of the company?
The promoters of HP Telecom India Limited are:
- Mr. Vijay Lalsingh Yadav: Managing Director and Promoter, holding a Bachelor of Arts degree from Kurukshetra University (2000). He has over 13 years of experience in the telecom industry and has been actively involved with the company since its inception.
- Mrs. Seemabahen Vijay Yadav: Whole-time Director and Promoter, holding a Bachelor of Arts degree from South Gujarat University (2002). She also has over 13 years of experience in the telecom industry and has been with the company since its inception.
- Mr. Bharatlal Lalsingh Singh: Promoter of the company
Question 3. How Company Performed in the past?
| Particular (INR Cr. | FY22 | FY23 | FY24 | H1FY25 |
| Total Revenue | 292 | 638 | 1080 | 594 |
| Net Profit | 1.79 | 6.35 | 8.6 | 5.24 |
Question 4. How much is the company raising and why?
HP Telecom India Limited is launching an Initial Public Offering (IPO) to raise ₹34.23 crores. The IPO is scheduled to open on February 20, 2025, and close on February 24, 2025. The funds raised will primarily be allocated as follows:
- Working Capital Requirements: ₹30.00 crores (approximately 89.55% of the total proceeds)
- General Corporate Purposes: ₹3.50 crores (approximately 10.45% of the total proceeds)
This strategic move aims to bolster the company’s operational capabilities and support its ongoing growth initiatives
Question 5: Valuation of the company and comparison with other companies
| Particular | Market Cap (In Cr,) | P/E |
| HP Telecom India Limited | 129 | 14x |
| Bhatia Communication & Retail (India) Limited | 291 | 21x |
| Jay Jalaram Technologies Limited | 336 | 44x |
DISCLAIMER: This document is created for educational and informational purposes only and should not be construed as a Buy/Sell recommendation, investment advice or a research report. Although the document accurately reflects the personal views of the authors, there may be manual human errors in the document. The authors may also have equity shares in the companies mentioned in this report. The investor is advised to consult his/her investment advisor and undertake further due diligence before making any investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due to investments made as per the information written in this document.
