Thursday, September 15, 2016

HPL Electric & Power IPO to open on Sep 22nd

HPL Electric & Power Ltd is entering in the capital markets with an initial public offering, IPO aggregating up to Rs 361 Cr. The price band for the issue has been fixed at Rs 175 at lower level and Rs 202 at upper level.

 HPL Electric & Power Ltd is a electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand.

The issue opens on Sep 22, 2016 and closes for subscription on Sep 26, 2016. The equity shares of the issue are proposed to be list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).