Fixed Price IPO | ₹5 Cr | Listed at NSE SME | Thu, Mar 10, 2016 - Fri, Mar 18, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Mar 10, 2016
IPO Close
Fri, Mar 18, 2016
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹20.28 Cr
| IPO Date | 10 to 18 Mar, 2016 |
| Listed on | Wed, Mar 30, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 5,38,800 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 27,600 shares Wealth First Portfolio Managers Pvt.Ltd. (agg. up to ₹0.2760 Cr) |
| Fresh Issue (Ex Market Maker) | 5,11,200 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 5,11,200 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 14,88,832 shares |
| Share Holding Post Issue | 20,27,632 shares |
| NSE Symbol | HECPROJECT |
| ISIN | INE558R01013 |
HEC Infra Projects IPO comprises a total issue size of 5,38,800 shares. The net offer to the public is 5,11,200 shares, after excluding 27,600 shares allotted on a firm basis. Of the Net offer 2,55,600 (50.00%) allocated to NII 2,55,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,55,600 | 50.00% | 47.44% |
| Retail Shares Offered | 2,55,600 | 50.00% | 47.44% |
| Firm Reservations | |||
| Market Maker Shares Offered | 27,600 | 5.12% | |
| Total Shares Offered | 5,38,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirement | 4.99 |
| 2 | Issue Expenses | 0.40 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.36 |
| 2 | Regulatory Fees & Other Expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹102.00 |
| Low | ₹90.00 |
| High | ₹109.00 |
| Last Trade | ₹97.90 |
Lead Manager Reports
HEC Infra Projects IPO is a SME IPO of 5,38,800 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Thu, Mar 10, 2016, and closes on Fri, Mar 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 Thu, Mar 10, 2016 and closes on Fri, Mar 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 Wed, Mar 30, 2016.
