IPO

IPO: HPL Electric and Power Ltd

Company & Business Profile

HPL Electric and Power Limited (“HPL”) is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including, metering solutions, switchgears, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.

HPL has the largest market share in the market for electricity energy meters in India in fiscal 2015, with one of the widest portfolios of meters in India and the 5th largest market share for LED Lamps during the corresponding period.

Their manufacturing capabilities are supported by a large sales and distribution network with a pan-India presence. HPL currently manufacture and sell their products under the umbrella brand ‘HPL’, which has been registered in India since 1975.

HPL supply switchgears, lighting equipment and wires and cables through their network of 2,400 authorized dealers or distributors from their warehouses located in 21 States and union territories in India to institutional, non-institutional and corporate customers. HPL also supply their products to power utilities, which primarily includes supply of meters under direct contractual arrangements to electricity boards and power distribution companies, as well as through project contractors.

The sales and marketing activities are managed through over 90 branch offices and representative offices in India as on March 31, 2016.

HPL has a strong focus on upgradation of the technology that is used in their products and the processes used in manufacturing thereof, through their continuing research and development efforts. HPL has established 2 in-house research and development centres, the Kundli R&D Centre and the Gurgaon R&D Centre.

HPL also operate 2 tool rooms at Gurgaon (Haryana) and Kundli (Haryana), within their R&D Centres, where they have in-house component designing and tool designing facilities.  As on March 31, 2016, HPL employed over 97 engineers at their R&D Centres.

HPL currently own and operate 7 manufacturing facilities located across the states of Haryana and Himachal Pradesh, having in-house testing capabilities.

All the manufacturing facilities have accredited with management system certificates for compliance with ISO 9001 requirements. Company’s certain products has certified with various national and international quality standards, including the ISI mark issued by the BIS, the CE mark and KEMA certification for conformity with requisite European quality standards.

Objects of the Issue 

  1. Repayment/prepayment of certain indebtedness.
  2. Funding working capital requirements.
  3. General corporate purposes.

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Arihant Team
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