HP Telecom India IPO, Feb. 20 -- The initial public offer (IPO) of HP Telecom India, a mobile phone and accessory distributor, opened for subscription on Thursday, February 20. The three-day public offer will close for bidding on Monday, February 24.

HP Telecom India IPO is priced at Rs.108 per share. The company is looking to raise Rs.34.23 crore through a fresh issue of 31.69 lakh shares. The minimum lot size for HP Telecom India IPO is 1200 shares, requiring a minimum investment of Rs.1,29,600 by the retail investors.

The proceeds from the public offer will be utilised to fund the working capital requirements of the company and general corporate purposes.

Interactive Financial Services is the book-running lead manager of the HP Tele...