HP Telecom India IPO

Founded in March 2011, HP Telecom India Limited initially concentrated on distributing mobile phones and accessories. The company secured exclusive distribution rights for Sony LED TVs, Mobiles, and other brands in Gujarat during the fiscal year 2014-15. It also expanded its product portfolio to include LCD/LED home theatres, air conditioners, and other appliances. Currently, HP Telecom is the exclusive distributor of Apple products in Madhya Pradesh, Chhattisgarh, select cities in Uttar Pradesh, and major urban centres in Gujarat. The company offer a range of Apple devices, including the iPhone, iPad, Mac, and Apple Watch, catering to tech-savvy consumers in these regions As of September 30, 2024, the company had 7 permanent employees and 84 employees on a contractual basis. Competitive Strength: Exclusive Distribution Rights Strong Brand Reputation Experienced and Visionary Leadership Robust network and relationships with suppliers Financial Stability and Resources.

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: Funding the working capital requirements of the company; and General Corporate Purpose;

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