HP Telecom India Limited and Swasth Foodtech Limited have opened their initial public offerings (IPOs) for subscription today, i.e. February 20, 2025. Both IPOs belong to the SME segment and follow a fixed-price model. The mainboard IPO space remains quiet, possibly due to current market conditions.
HP Telecom India IPO details
HP Telecom India, a Gujarat-based distributor of mobile phones and accessories, is looking to raise ₹34.23 crores through this IPO. The offering is priced at ₹108 per share, featuring a fresh issue of 31.69 lakh shares. The company holds exclusive distribution rights for Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and key urban centres in Gujarat.
The funds will be primarily utilised for working capital needs, with the rest set aside for general corporate purposes. Interactive Financial Services is managing the IPO. Investors interested in this opportunity can apply for the IPO online through the designated platforms before the subscription window closes.
Swasth Foodtech IPO details
Swasth Foodtech India, a West Bengal-based company specialising in rice bran oil processing, plans to raise ₹14.92 crores through its IPO. The issue is priced at ₹94 per share, comprising a fresh issue of 15.87 lakh shares. The company is involved in the marketing and sale of rice bran oil and its byproducts, such as fatty acids, gums, spent earth, and wax, catering to oil manufacturers and packers.
The funds from the IPO will be used to establish a new packing line at its existing manufacturing unit, manage working capital needs, and for general corporate purposes. Horizon Management is leading the IPO process. Retail investors can apply for the IPO online, with half of the issue size reserved for them, while the remaining portion is allocated to institutional and non-institutional investors.
Listing and allotment dates
Both IPOs will remain open for subscription until February 24, 2025, with share allotment finalised by February 25, 2025. HP Telecom India will debut on NSE Emerge, and Swasth Foodtech shares will start trading on BSE SME, both on February 28, 2025. With these IPOs now live, investors have a chance to support growing businesses in the SME sector.
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