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HEC Infra Projects IPO is a fixed price issue of ₹5.39 crores. The issue is entirely a fresh issue of 0.05 crore shares of ₹5.39 crore.
HEC Infra Projects IPO bidding started from Mar 10, 2016 and ended on Mar 18, 2016. The shares got listed on NSE SME on Mar 30, 2016.
HEC Infra Projects IPO price is ₹100.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Wealth First Portfolio Managers Pvt.Ltd..
Refer to HEC Infra Projects IPO RHP for detailed Information.
| IPO Date | March 10, 2016 to March 18, 2016 |
| Listing Date | March 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,38,800 shares (aggregating up to ₹5.39 Cr) |
| Reserved for Market Maker | 27,600 shares Wealth First Portfolio Managers Pvt.Ltd. (aggregating up to ₹0.2760 Cr) |
| Net Offered to Public | 5,11,200 shares (aggregating up to ₹5.11 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 14,88,832 shares |
| Share Holding Post Issue | 20,27,632 shares |
HEC Infra Projects IPO offers total 5,38,800 shares. Out of which 2,55,600 (47.44%) allocated to NII, 2,55,600 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 27,600 (5.12%) |
| NII (HNI) Shares Offered | 2,55,600 (47.44%) |
| Retail Shares Offered | 2,55,600 (47.44%) |
| Total Shares Offered | 5,38,800 (100.00%) |
HEC Infra Projects IPO opens on March 10, 2016, and closes on March 18, 2016.
| IPO Open Date | Thu, Mar 10, 2016 |
| IPO Close Date | Fri, Mar 18, 2016 |
| Tentative Listing Date | Wed, Mar 30, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 18, 2016 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
HEC Infra Projects Ltd (HEC) is an EPC (Engineering, Procurement and Construction) and SIRC (supply installation Testing & Commission) contractor in the field of Electrical engineering. The Company is a registered as a Class-I Composite Category with Central Public Works Department (CPWD and also been awarded contractor license from Gujarat Energy Transmission Corporation limited (GETCO) as Class - C Contractor and is a registered EPC Contractor with Indian Farmers Fertilizer Cooperative Limited (IFFCO).
HEC is an Electro-Mechanical Contracting firm undertaking Turn-key as well as EPC Projects. The company is in the field of execution for all kind of Electro - Mechanical contracting work since more than last 18 years.
HEC has associated concerns wherein complete range of L.T. and H.T. Electrical Panel Boards are manufactured. It has served for many projects (upto 220KV) catering across industries such as Steel, Chemical, Cement, Refineries, Petrochemicals, Gas & Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Commercial Centers, Banks, Malls, Multiplexes, Call Centers, Software Park & SEZ.
The Company HEC Infra Projects IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working Capital Requirement | 4.99 |
| 2 | Issue Expenses | 0.40 |
[Dilip Davda] <p>Cash surplus investors may consider investment in this IPO in a for long term, as the sector has bright prospects going ahead.</p> Read detail review...
| Listing Date | March 30, 2016 |
| BSE Script Code | |
| NSE Symbol | HECPROJECT |
| ISIN | INE558R01013 |
| Final Issue Price | ₹100 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹102.00 |
| Low | ₹90.00 |
| High | ₹109.00 |
| Last Trade | ₹97.90 |
HEC Infra Projects Ltd.
Sigma - 1 Corporates, Corporate House No. 6,
Sindhu Bhavan Road, Nr. Mann Party Plot Cross Road
Bodakdev,
Ahmedabad, Gujarat, 380054
Phone: +91-79-40086771 74
Email: elect@hecproject.com
Website: http://www.hecprojects.in
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
HEC Infra Projects IPO is a SME IPO of 5,38,800 equity shares of the face value of ₹10 aggregating up to ₹5.39 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on March 10, 2016, and closes on March 18, 2016.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in HEC Infra Projects IPO using UPI as a payment gateway. Zerodha customers can apply in HEC Infra Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in HEC Infra Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The HEC Infra Projects IPO opens on March 10, 2016 and closes on March 18, 2016.
HEC Infra Projects IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in HEC Infra Projects IPO 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 HEC Infra Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the HEC Infra Projects IPO allotment status.
The HEC Infra Projects IPO listing date is on Wednesday, March 30, 2016.
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