New Delhi, Feb. 28 -- HP Telecom India shares made a decent debut on Friday, February 28, listing at Rs.115.05 on NSE SME, up just 6.53 percent over its issue price of Rs.108.

HP Telecom's initial public offering (IPO), valued at Rs.34.23 crore, was open for subscription from February 20 to February 25. The SME IPO had set a price of Rs.108 per share.

Following the three days of bidding, HP Telecom IPO closed with robust demand, garnering 1.91 times bids. The IPO received bids for 57.54 lakh shares against 30.09 lakh shares on offer. The retail investor segment was booked 1.85 times, while the non-institutional investors (NII) category was subscribed 1.97 times.

HP Telecom IPO was entirely a fresh issue of 31.69 lakh shares with no off...