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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 ₹290.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,400 (20 shares). 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.
| IPO Date | July 27, 2010 to July 30, 2010 |
| Listing Date | August 12, 2010 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹270 to ₹290 per share |
| Issue Price Final | ₹290 per share |
| Lot Size | 20 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 3,36,93,660 shares (aggregating up to ₹959.65 Cr) |
| Retail Discount | Rs 14.50 per share |
| Employee Discount | ₹14.50 |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 33,69,36,600 shares |
| Share Holding Post Issue | 33,69,36,600 shares |
Engineers India FPO offers total 3,36,93,660 shares. Out of which 1,64,90,830 (48.94%) allocated to QIB, 49,47,249 (14.68%) allocated to NII, 1,15,43,581 (34.26%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,64,90,830 (48.94%) | NA |
| NII (HNI) Shares Offered | 49,47,249 (14.68%) | NA |
| Retail Shares Offered | 1,15,43,581 (34.26%) | 5,77,179 |
| Employee Shares Offered | 7,12,000 (2.11%) | NA |
| Total Shares Offered | 3,36,93,660 (100.00%) |
| 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 |
EIL FPO opens on July 27, 2010, and closes on July 30, 2010.
| IPO Open Date | Tue, Jul 27, 2010 |
| IPO Close Date | Fri, Jul 30, 2010 |
| Tentative Listing Date | Thu, Aug 12, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 30, 2010 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 39.49% |
The Company Engineers India FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer. |
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.
| Listing Date | August 12, 2010 |
| BSE Script Code | 532178 |
| NSE Symbol | ENGINERSIN |
| ISIN | INE510A01028 |
| Final Issue Price | ₹290 per share |
| BSE Listing Group | B |
Engineers India Ltd.
Engineers India Bhawan,
1, Bhikaiji Cama Place,
New Delhi 110 066, India.
New Delhi, New Delhi
Phone: +91 11 2676 2121
Email: company.secretary@eil.co.in
Website: http://www.engineersindia.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vishwas.attavar@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
EIL FPO is a main-board FPO of 3,36,93,660 equity shares of the face value of ₹5 aggregating up to ₹959.65 Crores. The issue is priced at ₹290 per share. The minimum order quantity is 20.
The FPO opens on July 27, 2010, and closes on July 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 July 27, 2010 and closes on July 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 Thursday, August 12, 2010.
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