Mumbai, Feb. 28 -- The scrip was listed at 115.05, a premium of 6.53% over the initial public offer (IPO) price. The stock was currently down 2.65% over its listing price.

The counter hit a high of Rs 118 and a low of Rs 111.05. About 3.85 lakh shares of the company changed hands at the counter.

HP Telecom India's IPO was subscribed 1.86 times. The issue opened for bidding on 20 February 2025, and it closed on 24 February 2025. The price of the IPO was set at Rs 108 per share.

The IPO comprised a fresh issue of 31,69,200 shares. The promoter and promoter shareholding diluted to 73.40% from 99.99% pre-IPO.

The company intends to utilize the net fresh issue proceeds for funding the working capital requirements of the company and for gen...