Hometech Digital IPO is a proposed SME IPO of Hometech Digital Limited. The company filed its Draft Red Herring Prospectus dated 12 December 2023 for a fresh issue of up to 37,80,000 equity shares of face value ₹10 each. The issue does not include any Offer for Sale and the equity shares are proposed to be listed on the NSE Emerge platform.
The company has not disclosed the final price band, IPO opening date, closing date or minimum bid lot in the available DRHP. These details are expected to be announced before the IPO opens. The entire issue comprises fresh equity shares, and the company proposes to use the proceeds primarily for working capital requirements and general corporate purposes.
Hometech Digital Limited was incorporated in 2016 and operates in the electronics sector. The company manufactures and supplies consumer electronics and home-appliance products, including smart televisions, home appliances, audio products and phone accessories. The company states that it has a pan-India presence and works with domestic brands across its business operations.
Table of Contents
Hometech Digital IPO Details
| IPO Details | Information |
|---|---|
| IPO Name | Hometech Digital IPO |
| Company Name | Hometech Digital Limited |
| IPO Type | Book Built Issue |
| IPO Category | SME IPO |
| Face Value | ₹10 Per Equity Share |
| Price Band | Yet to be Updated |
| Issue Size | Up to 37,80,000 Equity Shares |
| Fresh Issue | Up to 37,80,000 Equity Shares |
| Offer for Sale | Nil |
| Issue Method | Book Building |
| Listing Exchange | NSE Emerge |
| Lot Size | Yet to be Updated |
| IPO Open Date | Yet to be Updated |
| IPO Close Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
| Registrar | KFin Technologies Limited |
| Book Running Lead Manager | Beeline Capital Advisors Private Limited |
The proposed issue consists entirely of a fresh issue of up to 37,80,000 equity shares. The company has not proposed an Offer for Sale. The issue price and price band are to be determined in consultation with the Book Running Lead Manager through the book-building process.
Hometech Digital IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | Yet to be Updated |
| IPO Opening Date | Yet to be Updated |
| IPO Closing Date | Yet to be Updated |
| Basis of Allotment | Yet to be Updated |
| Refund Initiation | Yet to be Updated |
| Shares Credited to Demat Account | Yet to be Updated |
| Listing Date | Yet to be Updated |
The DRHP does not provide the final IPO bidding timetable. The anchor bidding date, issue opening date, issue closing date, allotment date, refund date, demat credit date and listing date should therefore be updated after the final issue schedule is announced.
Hometech Digital IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | Not More Than 50% of the Net Issue |
| Non-Institutional Investors (NII) | Not Less Than 15% of the Net Issue |
| Retail Individual Investors (RII) | Not Less Than 35% of the Net Issue |
| Market Maker Reservation | As specified in the final issue document |
The proposed issue follows the book-building process and is subject to the applicable SEBI ICDR Regulations. The final category-wise reservation and market maker portion should be updated from the final RHP and Prospectus.
Hometech Digital IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | Yet to be Updated | Yet to be Updated |
| Retail Maximum | Yet to be Updated | Yet to be Updated |
| S-HNI Minimum | Yet to be Updated | Yet to be Updated |
The minimum bid lot has not been disclosed in the available DRHP. The company has stated that the floor price, cap price and issue price will be determined before the issue. Therefore, the minimum investment amount cannot be calculated at this stage.
About Hometech Digital Limited
Hometech Digital Limited was originally incorporated as Hometech Digital Private Limited on 1 June 2016. The company was subsequently converted into a public limited company and its name was changed to Hometech Digital Limited through a fresh certificate of incorporation dated 18 August 2023. The registered office is located at S.C.O.-363-364, First Floor, Sector 35-B, Chandigarh.
The company operates in the electronics industry and has been involved in consumer electronics, smart televisions, home appliances, audio products, phone accessories and white goods. Its official website describes the company as an electronics business with a pan-India presence and a focus on products designed around quality, reliability and consumer experience.
Hometech Digital follows a diversified electronics business model covering product manufacturing, sourcing, distribution and sales. The company works with domestic brands and has developed relationships across domestic and international markets.
Business Operations
Hometech Digital Limited operates across different segments of the consumer electronics and home-appliance industry.
- Consumer Electronics – The company manufactures and supplies consumer electronics products for the Indian market.
- Smart Televisions – Smart television products form part of its electronics portfolio.
- Home Appliances – The company offers different categories of home-appliance products.
- Audio Products – Audio products are included in the company’s electronics portfolio.
- Phone Accessories – The company also operates in the phone-accessories segment.
- White Goods – White goods form part of the company’s broader electronics and home-appliance activities.
- OEM Operations – The company provides electronics-related manufacturing and OEM solutions.
- Distribution Network – Hometech Digital has developed distribution capabilities covering customers across India.
- Online Sales – The company has expanded its presence through online selling and digital channels.
- Brand Partnerships – The company works with domestic brands and has established relationships across different markets.
The company’s official website states that its operations began with consumer electronics, smart televisions, home appliances, audio and phone accessories and white goods, followed by diversification into various electronics sub-segments.
Industry Overview
The Indian consumer electronics market has expanded with rising household incomes, increasing digital adoption, changing consumer preferences and growing demand for connected and smart devices. Televisions, home appliances, audio products and other electronic products have become important categories in the country’s consumer market.
The growth of e-commerce and organised retail has also created additional channels for electronics companies to reach customers across metropolitan, Tier-2 and Tier-3 markets. Increasing adoption of smart televisions and connected home appliances may provide additional opportunities for companies operating in these segments.
India’s emphasis on domestic manufacturing and the development of electronics supply chains can also create opportunities for manufacturers and OEM businesses. Companies with established supplier relationships, distribution networks and cost-efficient manufacturing capabilities may benefit from this trend.
However, the electronics industry is highly competitive and affected by rapid technological changes, product-price competition, raw material costs, foreign exchange movements and changing consumer preferences. Companies also need to continually invest in product development, quality control and distribution to remain competitive.
Business Strategy
Hometech Digital Limited intends to strengthen its existing electronics business while improving its working capital position. The proposed IPO proceeds are primarily intended to support working capital requirements and general corporate purposes.
The company operates across multiple electronics categories rather than depending on a single product line. Its product portfolio includes televisions, home appliances, audio products, phone accessories and white goods. This diversified approach allows the company to address different consumer requirements.
The company also aims to strengthen its presence through its distribution and online channels. Its official website highlights its pan-India presence and relationships with domestic and international markets.
Hometech Digital IPO Financial Information
A company’s financial performance provides valuable insights into revenue growth, profitability, operating efficiency and financial stability. Reviewing financial statements over multiple years helps investors understand how the company has performed and how its earnings have changed.
Hometech Digital Financial Summary
| Particulars | 30-Sep-2023 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue from Operations | ₹65.70 Crore | ₹120.68 Crore | ₹92.11 Crore | ₹70.00 Crore |
| Total Income | ₹65.89 Crore | ₹120.95 Crore | ₹92.51 Crore | ₹70.18 Crore |
| Profit Before Tax (PBT) | ₹1.44 Crore | ₹3.04 Crore | ₹1.51 Crore | ₹1.03 Crore |
| Profit After Tax (PAT) | ₹1.07 Crore | ₹2.28 Crore | ₹1.11 Crore | ₹0.75 Crore |
| EPS | ₹1.06 | ₹2.33 | ₹1.20 | ₹1.05 |
The restated financial information in the DRHP shows revenue from operations of ₹120.68 crore in FY2023 compared with ₹92.11 crore in FY2022 and ₹70.00 crore in FY2021. Total revenue increased from ₹92.51 crore in FY2022 to ₹120.95 crore in FY2023.
Profit after tax increased from ₹1.11 crore in FY2022 to ₹2.28 crore in FY2023. For the six months ended 30 September 2023, the company reported revenue from operations of ₹65.70 crore and profit after tax of ₹1.07 crore. The restated EPS was ₹2.33 for FY2023 compared with ₹1.20 in FY2022.
Hometech Digital IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess the company’s profitability, earnings performance and financial efficiency. These indicators should be considered together with revenue growth, margins, net worth and the final IPO valuation.
| KPI | Value |
|---|---|
| Pre-IPO EPS | ₹2.33 |
| Post-IPO EPS | Yet to be Updated |
| Pre-IPO P/E | Yet to be Updated |
| Post-IPO P/E | Yet to be Updated |
| Net Asset Value Per Share | Yet to be Updated |
| Return on Net Worth | Yet to be Updated |
| Debt-to-Equity Ratio | Yet to be Updated |
The FY2023 basic and diluted EPS reported in the restated financial statements was ₹2.33 per equity share. The final P/E ratio cannot be calculated until the company announces the IPO price band and issue price.
Objects of the Hometech Digital IPO
The company proposes to utilise the net proceeds from the fresh issue for the following purposes:
- Funding working capital requirements.
- General corporate purposes.
- Meeting issue-related expenses as specified in the final issue documents.
The proposed fresh issue is intended to strengthen the company’s working capital position and provide funds for general corporate requirements. The exact monetary allocation should be updated from the final RHP and Prospectus once the price band and issue size in rupee terms are disclosed.
Hometech Digital IPO Listing Performance
The listing performance reflects how the company’s shares perform on the stock exchange after the IPO. Since the proposed IPO does not have a final price band, issue timetable or listing date in the available DRHP, the actual listing price and listing gain are not available.
| Particular | Value |
|---|---|
| Listing Exchange | NSE Emerge |
| Listing Date | Yet to be Updated |
| Issue Price | Yet to be Updated |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The DRHP proposes listing the company’s equity shares on the EMERGE platform of the National Stock Exchange of India Limited, with NSE as the designated stock exchange.
Hometech Digital IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period. Strong subscription can indicate investor interest, although subscription data should be evaluated together with valuation, financial performance, industry conditions and the company’s future prospects.
Hometech Digital IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
| Total Subscription | To be updated |
The subscription figures are not available because the final IPO bidding period has not been announced in the available issue documents. The table should be updated once the issue opens and category-wise subscription data becomes available.
Hometech Digital IPO Review
Hometech Digital Limited operates in the consumer electronics and home-appliance industry, with products spanning smart televisions, home appliances, audio products, phone accessories and white goods. Its diversified product portfolio provides exposure to several growing consumer-electronics categories.
The company has reported growth in revenue over the financial years covered by its DRHP. Revenue from operations increased from ₹70.00 crore in FY2021 to ₹92.11 crore in FY2022 and ₹120.68 crore in FY2023. PAT also increased from ₹0.75 crore in FY2021 to ₹1.11 crore in FY2022 and ₹2.28 crore in FY2023.
The company’s business model is supported by its distribution network and relationships with domestic brands. Its official website also highlights its pan-India presence and diversified operations across electronics and home appliances.
The proposed IPO is entirely a fresh issue, meaning the company will receive the proceeds from the issue rather than existing shareholders selling their shares through an OFS. The proposed funds are primarily intended to support working capital requirements and general corporate purposes.
However, the electronics industry is highly competitive and subject to rapid changes in technology and consumer preferences. Rising input costs, competition from established brands, dependence on suppliers and changing product cycles may affect margins and business performance.
Overall, Hometech Digital has demonstrated revenue and profit growth in the financial years disclosed in its DRHP and operates in several consumer-electronics categories. Investors should carefully evaluate the final IPO valuation, latest financial performance, working-capital requirements, competitive position and risk factors before making an investment decision.
Hometech Digital IPO Strengths
- Diversified electronics product portfolio covering televisions, home appliances, audio products and accessories.
- Revenue growth from ₹70.00 crore in FY2021 to ₹120.68 crore in FY2023.
- Improvement in profitability with FY2023 PAT of ₹2.28 crore.
- Pan-India business presence across different consumer markets.
- Multiple sales channels including distribution and online channels.
- Entire issue is a fresh issue, allowing the company to receive the IPO proceeds.
Hometech Digital IPO Risk Factors
- The company operates in a highly competitive electronics industry, which may put pressure on pricing and margins.
- Rapid technological changes can make existing products outdated and require continuous product development.
- Changing consumer preferences may affect demand for individual product categories.
- Dependence on suppliers and raw materials can affect production costs and profitability.
- Working capital requirements may remain significant because of the nature of the electronics and distribution business.
- The final IPO valuation is not yet available, making it difficult to assess the issue’s valuation at present.
Hometech Digital IPO Promoters
Hometech Digital Limited is promoted by Mr. Anil Sharma and Mr. Anurag Sharma. The DRHP identifies both individuals as the promoters of the company.
Anil Sharma is the founder and Chairman of Hometech Digital Limited. The company’s official website states that he has more than 40 years of experience in the electronics and mobile industry and has played an important role in building the company’s business and industry relationships.
Anurag Sharma is the Managing Director and CEO of Hometech Digital Limited. The company describes him as responsible for strategic direction and business development, with experience across finance, marketing, sales, operations and supply-chain management.
Hometech Digital IPO Promoters Details
| Promoter | Designation |
|---|---|
| Anil Sharma | Chairman & Promoter |
| Anurag Sharma | Managing Director & CEO and Promoter |
The promoter details are based on the company’s DRHP and the management information published on its official website.
Hometech Digital IPO Management Team
The company is managed by a team with experience in electronics, sales, marketing, finance and operations.
| Name | Designation |
|---|---|
| Anil Sharma | Chairman |
| Anurag Sharma | Managing Director & CEO |
| Vineet Bhatia | Chief Financial Officer |
| Meenu Balani | Company Secretary & Compliance Officer |
| Rahul Mehta | Director – Sales & Marketing |
| Vishal Vashisht | Head of Operations |
The company’s official website identifies Anil Sharma as Chairman, Anurag Sharma as Managing Director & CEO, Vineet Bhatia as CFO, Rahul Mehta as Director of Sales & Marketing and Vishal Vashisht as Head of Operations. The DRHP identifies Meenu Balani as Company Secretary and Compliance Officer.
Hometech Digital IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting equity shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | KFin Technologies Limited |
| Website | https://www.kfintech.com |
| IPO Allotment Status | To be updated |
| Email ID | [email protected] |
| Contact Number | +91-40-6716-2222 |
KFin Technologies Limited is identified as the Registrar to the Issue in the DRHP. The document also provides [email protected] as the IPO email address and M Murali Krishna as the contact person.
Hometech Digital IPO Lead Manager Details
The Book Running Lead Manager is responsible for managing the IPO process, coordinating regulatory requirements and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Manager | Beeline Capital Advisors Private Limited |
| Contact Person | Nikhil Shah |
| Email ID | [email protected] |
| Contact Number | +91-79-49185784 |
Beeline Capital Advisors Private Limited is identified as the Book Running Lead Manager to the proposed issue. The DRHP provides Mr. Nikhil Shah as the contact person.
Hometech Digital Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Hometech Digital Limited |
| Registered Office | S.C.O.-363-364, First Floor, Sector 35-B, Chandigarh – 160035 |
| Website | https://www.htdl.in |
| Email ID | [email protected] |
| Contact Number | +91-9855577376 / 7527033713 |
The DRHP provides the registered office, telephone numbers, email address and website of Hometech Digital Limited. The company’s current official website also provides its Chandigarh office details and contact information.
How to Check Hometech Digital IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the applicable NSE IPO platform.
Through KFin Technologies Limited
- Visit the official KFin Technologies IPO allotment portal.
- Select Hometech Digital IPO from the IPO list.
- Choose PAN Number, Application Number or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through NSE
- Visit the official NSE IPO section.
- Select the applicable IPO allotment option.
- Enter your PAN Number or application details.
- Complete the verification process if required.
- Click Search to view the allotment result.
Hometech Digital IPO Conclusion
Hometech Digital IPO provides investors with an opportunity to participate in a consumer-electronics company operating across smart televisions, home appliances, audio products, phone accessories and white goods. The company has developed a diversified product portfolio and a pan-India presence.
The company reported growth in revenue from operations from ₹70.00 crore in FY2021 to ₹120.68 crore in FY2023. PAT increased from ₹0.75 crore in FY2021 to ₹2.28 crore in FY2023, showing improvement in profitability over the period covered by the DRHP.
The proposed IPO consists entirely of a fresh issue of up to 37,80,000 equity shares. The company intends to use the proceeds primarily for working capital requirements and general corporate purposes. The proposed NSE Emerge listing will provide the company with access to the public capital market.
However, investors should consider the competitive nature of the electronics industry, rapid technological changes, changing consumer preferences, supplier dependence and working-capital requirements. The final price band and IPO schedule are also yet to be disclosed in the available DRHP.
A detailed assessment of the final issue price, valuation, latest financial results, business strategy, competitive position and risk factors can help investors determine whether the Hometech Digital IPO is suitable for their investment objectives.
Hometech Digital IPO FAQs
What is Hometech Digital IPO?
Hometech Digital IPO is the proposed SME public issue of Hometech Digital Limited. The DRHP proposes a fresh issue of up to 37,80,000 equity shares of face value ₹10 each.
What is the price of Hometech Digital IPO?
The price band and final issue price have not been announced in the available DRHP. The company is expected to disclose the price band before the IPO opens.
What is the issue size of Hometech Digital IPO?
The proposed issue consists of up to 37,80,000 fresh equity shares. The total issue size in rupee terms will depend on the final issue price.
When will the Hometech Digital IPO open?
The IPO opening date has not been announced in the available DRHP. The final bidding schedule is yet to be updated.
When will the Hometech Digital IPO close?
The IPO closing date has not been announced. The final issue timetable will be disclosed before the IPO opens.
On which stock exchange will Hometech Digital shares be listed?
The DRHP proposes listing the company’s equity shares on the NSE Emerge platform of the National Stock Exchange of India Limited.
Who is the registrar for the Hometech Digital IPO?
KFin Technologies Limited is the registrar to the proposed Hometech Digital IPO.
What is the face value of Hometech Digital IPO shares?
The face value of each equity share is ₹10.
What does Hometech Digital Limited do?
Hometech Digital Limited operates in the electronics industry and offers products including smart televisions, home appliances, audio products, phone accessories and white goods.
What are the objects of the Hometech Digital IPO?
The company proposes to use the fresh issue proceeds primarily for working capital requirements and general corporate purposes.
