HPL Electric and Power initial public offer (IPO) will open for bidding today, 22 September 2016. The IPO closes on 26 September 2016. The price band for the IPO has been fixed at Rs 175 to Rs 202 per share. The company raised Rs 108.29 crore by selling 53.61 lakh shares to a total of 13 anchor investors ahead of the opening of the company’s initial public offer (IPO). HPL Electric and Power manufactures electrical appliances, switch-gears, electronic energy meters and electrical protection equipment.