HP Telecom India, Swasth Foodtech IPOs to open on Feb 20; check price band, key dates and more

Upcoming IPOs: The initial public offerings of HP Telecom India and Swasth Foodtech will open for public subscription on Thursday, February 20. The issue will conclude on February 24.

The allotment of two SME offers will take place on February 25, while the listing will occur on February 28.

HP Telecom India IPO

Funds to the tune of ₹30 crore will be used for working capital requirements. A portion will also be used for general corporate purposes.

Investors can apply for at least 1,200 shares, needing an investment of ₹1,29,600.

HP Telecom India, incorporated in 2011, started operations as a mobile phone distributor and has since diversified, securing exclusive rights for Sony LED TVs, mobiles, and other brands in Gujarat. Its product portfolio includes LED/LCD home theatres and air conditioners. Currently, it is the exclusive distributor of Apple products in Chhattisgarh, Madhya Pradesh, and select cities in Uttar Pradesh and Gujarat.

Interactive Financial Services is the book-running lead manager, while Bigshare Services is the registrar.

Swasth Foodtech IPO

Swasth Foodtech India's initial share sale is a fresh issue of 15.88 lakh shares worth ₹14.92 crore. It is a fixed-price issue at ₹94 per share.

IPO proceeds of ₹7.5 crore will be used for working capital needs and ₹3.29 crore for setting up a packing line at an existing manufacturing unit. A part will also be used for corporate general purposes.

The minimum investment requirement is ₹1,12,800 for 1,200 shares.

Swasth Foodtech processes rice bran oil. Their oil is rich in Vitamin E, healthy fats, and Oryzanol, which supports heart health.

Horizon Management Private Limited is the issue's sole book-running lead manager, while Mas Services Ltd is the registrar.