Bookbuilding FPO | ₹960 Cr | Listed at BSE, NSE | Tue, Jul 27, 2010 - Fri, Jul 30, 2010
EIL FPO is a book build issue of ₹959.65 crores. The issue is entirely an offer for sale of 3.37 crore shares of ₹959.65 crore.
EIL FPO bidding started from Jul 27, 2010 and ended on Jul 30, 2010. The shares got listed on BSE, NSE on Aug 12, 2010.
EIL FPO price band is set at ₹290 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,800 (20 shares) (based on upper price). The lot size investment for sNII is 35 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 173 lots (3,460 shares), amounting to ₹10,03,400.
The issue includes a reservation of up to 7,12,000 shares for employees offered at a discount of ₹14.50 to the issue price.
HSBC Securities & Capital Markets (India) Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to EIL FPO RHP for detailed Information.
FPO Open
Tue, Jul 27, 2010
FPO Close
Fri, Jul 30, 2010
Issue Price
₹290 per share
Market Cap (Pre-IPO)
₹9,771.16 Cr
| IPO Date | 27 to 30 Jul, 2010 |
| Listed on | Thu, Aug 12, 2010 |
| Face Value | ₹5 per share |
| Price Band | ₹270 to ₹290 |
| Issue Price | ₹290 per share |
| Lot Size | 20 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 14.50 per share |
| Employee Discount | ₹14.50 |
| Total Issue Size | 3,36,93,660 shares (agg. up to ₹960 Cr) |
| Offer for Sale | 3,36,93,660 shares of ₹5 (agg. up to ₹960 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 3,29,81,660 shares, after excluding 7,12,000 shares under a preferential allotment. Of the Net offer 1,64,90,830 (50.00%) are allocated to QIB, 49,47,249 (15.00%) allocated to NII 1,15,43,581 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,64,90,830 | 50.00% | 48.94% | NA |
| NII (HNI) Shares Offered | 49,47,249 | 15.00% | 14.68% | NA |
| Retail Shares Offered | 1,15,43,581 | 35.00% | 34.26% | 5,77,179 |
| Preferential Reservations | ||||
| Employee Shares Offered | 7,12,000 | 2.11% | NA | |
| Total Shares Offered | 3,36,93,660 | 100.00% | 100.00% | |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,800 |
| Retail (Max) | 34 | 680 | ₹1,97,200 |
| S-HNI (Min) | 35 | 700 | ₹2,03,000 |
| S-HNI (Max) | 172 | 3,440 | ₹9,97,600 |
| B-HNI (Min) | 173 | 3,460 | ₹10,03,400 |
| 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 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer. |
| KPI | |
|---|---|
| RoNW | 39.49% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.4% | 80.4% |
| Market Cap | ₹9,771.16 Cr. |
The Engineers India FPO is subscribed 13.36 times on July 30, 2010 5:00:00 PM (Day 4). The public issue subscribed 2.99 times in the retail category, 23.43 times in the QIB category, and 5.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 23.43 | 1,64,90,830 | |
| NII | 5.85 | 49,47,249 | |
| Retail | 2.99 | 1,15,43,581 | |
| Employee | 0.57 | 7,12,000 | |
| Total | 13.36 | 3,36,93,660 |
Engineers India Ltd FPO, Engineers India FPO, Engineers India FPO Bidding, Engineers India FPO Allotment Status, Engineers India drhp and Engineers India Ltd FPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 0.01 |
| 2 | Fees to Registrar to the Offer | 0.61 |
| 3 | Fees to the Legal Advisors | 1.35 |
| 4 | Advertisement and marketing expenses | 4.63 |
| 5 | Other Expenses (Listing fees, Auditor’s fees, fee to Depositories, printing and stationary expenses etc. | 0.05 |
| 6 | Underwriting commission, brokerage and selling commission, Fee payable to SCSBs | 1.34 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹290.00 | ₹290.00 |
| Open | ₹315.00 | ₹315.40 |
| Low | ₹315.00 | ₹315.40 |
| High | ₹329.80 | ₹330.00 |
| Last Trade | ₹321.15 | ₹320.95 |
Lead Manager Reports
EIL FPO is a main-board FPO of 3,36,93,660 equity shares of the face value of ₹5 aggregating up to ₹960 Crores. The issue is priced at ₹290 per share. The minimum order quantity is 20.
The FPO opens on Tue, Jul 27, 2010, and closes on Fri, Jul 30, 2010.
MUFG Intime India Pvt.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 Tue, Jul 27, 2010 and closes on Fri, Jul 30, 2010.
EIL FPO lot size is 20, and the minimum amount required for application is ₹5,800.
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 Thu, Aug 12, 2010.
