Bookbuilding FPO | ₹497 Cr | Listed at BSE, NSE | Thu, Feb 6, 2014 - Wed, Feb 12, 2014
EIL FPO is a book build issue of ₹497.32 crores. The issue is entirely an offer for sale of 3.37 crore shares of ₹497.32 crore.
EIL FPO bidding started from Feb 6, 2014 and ended on Feb 12, 2014. The shares got listed on BSE, NSE on Feb 28, 2014.
EIL FPO price band is set at ₹150 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹15,000 (100 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,400 shares), amounting to ₹2,10,000, and for bNII, it is 67 lots (6,700 shares), amounting to ₹10,05,000.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹6.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to EIL FPO RHP for detailed Information.
FPO Open
Thu, Feb 6, 2014
FPO Close
Wed, Feb 12, 2014
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹5,054.05 Cr
| IPO Date | 6 to 12 Feb, 2014 |
| Listed on | Fri, Feb 28, 2014 |
| Face Value | ₹5 per share |
| Price Band | ₹145 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 100 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 6.00 per share |
| Employee Discount | ₹6.00 |
| Total Issue Size | 3,36,93,660 shares (agg. up to ₹497 Cr) |
| Offer for Sale | 3,36,93,660 shares of ₹5 (agg. up to ₹497 Cr) |
| Share Holding Pre Issue | 33,69,36,600 shares |
| Share Holding Post Issue | 33,69,36,600 shares |
| BSE Script Code / NSE Symbol | 532178 / ENGINERSIN |
| ISIN | INE510A01028 |
EIL FPO comprises a total issue size of 3,36,93,660 shares. The net offer to the public is 3,31,93,660 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 1,65,96,830 (50.00%) are allocated to QIB, 49,79,049 (15.00%) allocated to NII 1,16,17,781 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,65,96,830 | 50.00% | 49.26% | NA |
| NII (HNI) Shares Offered | 49,79,049 | 15.00% | 14.78% | NA |
| Retail Shares Offered | 1,16,17,781 | 35.00% | 34.48% | 1,16,177 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,00,000 | 1.48% | NA | |
| Total Shares Offered | 3,36,93,660 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹15,000 |
| Retail (Max) | 13 | 1,300 | ₹1,95,000 |
| S-HNI (Min) | 14 | 1,400 | ₹2,10,000 |
| S-HNI (Max) | 66 | 6,600 | ₹9,90,000 |
| B-HNI (Min) | 67 | 6,700 | ₹10,05,000 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1965, Engineers India Ltd is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services, focused on the oil and gas and petrochemicals industries in India and internationally. They also operate in a diverse set of other sectors including non-ferrous mining and metallurgy and infrastructure.
Engineers India have provided a range of engineering consultancy and project implementation services on more than 49 refinery projects, including 8 greenfield refinery projects, 7 petrochemical complexes, 35 oil and gas processing projects, 205 offshore platforms projects, 37 pipeline projects, 11 ports and storage and terminals projects, 8 fertilizer projects and 26 mining and metallurgy projects. In the infrastructure space, they have provided a range of engineering consultancy services for more than 26 projects, including for airports, highways, flyovers, bridges, water and sewer management, as well as energy-efficient "intelligent" buildings. They have also completed 16 turnkey projects, including refinery and petrochemicals projects and offshore platforms.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 38.56% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 80.4% | 70.4% |
| Market Cap | ₹5,054.05 Cr. |
The EIL FPO is subscribed 2.83 times on February 12, 2014 5:00:00 PM (Day 5). The public issue subscribed 2.48 times in the retail category, 3.93 times in the QIB category, and 0.23 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 3.93 | 1,65,96,830 | |
| NII | 0.23 | 49,79,049 | |
| Retail | 2.48 | 1,16,17,781 | |
| Employee | 0.22 | 5,00,000 | |
| Total | 2.83 | 3,36,93,660 |
Discount of Rs 6.00 is available for Retail investors and employees of the Company.
The Offer was initially scheduled to close on February 10, 2014. However, the public sector banks have proposed a strike on February 10, 2014 and February 11, 2014, owing to which Bidders in the Offer will not be able to submit Bids through the public sector banks on February 10, 2014. Therefore, the Selling Shareholder and the Company, in consultation with the Book Running Lead Managers, have decided to extend the Offer Period till February 12, 2014 and the Offer Closing Date shall now be February 12, 2014.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 4.60 |
| 2 | Underwriting commission, Fees to the Bankers to the Offer, brokerage and selling commission (including commission and processing fees to SCSBs for ASBA Applications, commission to Non Syndicate Registered Brokers, as applicable) | 0.72 |
| 3 | Fees of the Registrar to the Offer | 0.19 |
| 4 | Advertisement and marketing expenses | 7.43 |
| 5 | Other Expenses (Auditors’ fees, legal fees, regulatory fees, listing fees etc.) | 2.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹149.40 | ₹151.40 |
| Low | ₹148.00 | ₹150.80 |
| High | ₹150.60 | ₹148.60 |
| Last Trade | ₹149.90 | ₹147.25 |
EIL FPO is a main-board FPO of 3,36,93,660 equity shares of the face value of ₹5 aggregating up to ₹497 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 100.
The FPO opens on Thu, Feb 6, 2014, and closes on Wed, Feb 12, 2014.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in EIL FPO using UPI as a payment gateway. Zerodha customers can apply in EIL FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EIL FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EIL FPO opens on Thu, Feb 6, 2014 and closes on Wed, Feb 12, 2014.
EIL FPO lot size is 100, and the minimum amount required for application is ₹15,000.
You can apply in EIL FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for EIL FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the EIL FPO allotment status.
The EIL FPO listing date is on Fri, Feb 28, 2014.
