Apple products distributor HP Telecom India’s Rs.34-Cr SME IPO subscribed 51% on Day 3

The INR 34 crore SME IPO of HP Telecom India was subscribed 51% by mid-morning on the final bidding day. The IPO opened for bidding on February 20, 2025, and closes on February 24, 2025.The retail portion of the issue was subscribed by 44%, while the issue was subscribed by 58% in the non-institutional investors category.HP Telecom India operates as the exclusive distributor of Apple products across Madhya Pradesh and Chhattisgarh, select cities in Uttar Pradesh, and urban centers in Gujarat.