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H.G.Infra Engineering IPO is a book build issue of ₹462.00 crores. The issue is a combination of fresh issue of 1.11 crore shares aggregating to ₹300.00 crores and offer for sale of 0.60 crore shares aggregating to ₹162.00 crores.
H.G.Infra Engineering IPO bidding started from Feb 26, 2018 and ended on Feb 28, 2018. The allotment for H.G.Infra Engineering IPO was finalized on Mar 6, 2018. The shares got listed on BSE, NSE on Mar 9, 2018.
H.G.Infra Engineering IPO price band is set at ₹270.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,465 (55 shares). The lot size investment for sNII is 14 lots (770 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (3,740 shares), amounting to ₹10,09,800.
HDFC Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to H.G.Infra Engineering IPO RHP for detailed Information.
| IPO Date | February 26, 2018 to February 28, 2018 |
| Listing Date | March 9, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹263 to ₹270 per share |
| Issue Price Final | ₹270 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,71,11,111 shares (aggregating up to ₹462.00 Cr) |
| Fresh Issue | 1,11,11,111 shares (aggregating up to ₹300.00 Cr) |
| Offer for Sale | 60,00,000 shares of ₹10 (aggregating up to ₹162.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 5,40,60,000 shares |
| Share Holding Post Issue | 6,51,71,111 shares |
HG Infra IPO offers total 1,71,11,111 shares. Out of which 85,55,555 (50.00%) allocated to QIB, 34,22,405 (20.00%) allocated to QIB, 25,66,667 (15.00%) allocated to NII, 59,88,889 (35.00%) allocated to RII and 51,33,150 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 85,55,555 (50.00%) | NA |
| − Anchor Investor Shares Offered | 51,33,150 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 34,22,405 (20.00%) | NA |
| NII (HNI) Shares Offered | 25,66,667 (15.00%) | NA |
| Retail Shares Offered | 59,88,889 (35.00%) | 1,08,888 |
| Total Shares Offered | 1,71,11,111 (100.00%) |
H.G.Infra Engineering IPO opens on February 26, 2018, and closes on February 28, 2018.
| IPO Open Date | Mon, Feb 26, 2018 |
| IPO Close Date | Wed, Feb 28, 2018 |
| Tentative Allotment | Tue, Mar 6, 2018 |
| Initiation of Refunds | Wed, Mar 7, 2018 |
| Credit of Shares to Demat | Thu, Mar 8, 2018 |
| Tentative Listing Date | Fri, Mar 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 28, 2018 |
Investors can bid for a minimum of 55 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 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹1,93,050 |
| S-HNI (Min) | 14 | 770 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3,685 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3,740 | ₹10,09,800 |
Incorporated in 2003, H.G. Infra Engineering Ltd (HGIEL) is Jaipur, Rajasthan based an infrastructure construction, development and management company. Company focus area is road projects, including highways, bridges and flyovers. Company's main business operations include providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis and undertaking civil construction and related infrastructure projects. HGIEL is also engaged in executing water pipeline projects and are currently have two water supply projects in Rajasthan.
HGIEL has completed 13 large projects in the roads and highways sector aggregating to a total contract value of Rs 16,748.94 million, which included construction, improving, widening, strengthening of two and four lane highways, construction of high level bridge and construction of earthen embankment, culverts and cart track underpasses. As of now company has 21 ongoing projects in the roads and highways sector.
HGIEL is pre-qualified to bid independently on an annual basis for bids by NHAI and MoRTH. HGIEL's public sector clients include NHAI, PWD, MES and Jaipur Development Authority.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,380.18 | 3,753.92 | 2,249.66 | 2,148.10 | 2,265.99 | |
| Total Revenue | 9,739.72 | 7,148.02 | 3,377.33 | 4,465.84 | 3,254.40 | |
| Profit After Tax | 492.97 | 301.83 | 92.22 | 171.71 | 134.90 | |
The Company H.G.Infra Engineering 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 | Purchasing capital equipment | 90.03 |
| 2 | Repayment/ prepayment of certain indebtedness | 115.55 |
| 3 | General corporate purposes | 72.05 |
[Dilip Davda] Considering mega spending of around Rs. 4.3 trillion on National Highways in next five years by the Central Government, this company is poised for a bright prospects. Being fully priced offer, investment may be considered for long term. Read detail review...
| Listing Date | March 9, 2018 |
| BSE Script Code | 541019 |
| NSE Symbol | HGINFRA |
| ISIN | INE926X01010 |
| Final Issue Price | ₹270 per share |
H.G.Infra Engineering Ltd.
3rd Floor, Sheel Mohar Plaza, A-1,
Tilak Marg, C-Scheme,
Jaipur 302 001
Jaipur, Rajasthan
Phone: +91 141 4106040
Email: cs@hginfra.com
Website: http://www.hginfra.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: hginfra.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
H.G.Infra Engineering IPO is a main-board IPO of 1,71,11,111 equity shares of the face value of ₹10 aggregating up to ₹462.00 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 55.
The IPO opens on February 26, 2018, and closes on February 28, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in H.G.Infra Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in H.G.Infra Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in H.G.Infra Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The H.G.Infra Engineering IPO opens on February 26, 2018 and closes on February 28, 2018.
H.G.Infra Engineering IPO lot size is 55, and the minimum amount required for application is ₹14,850.
You can apply in H.G.Infra Engineering 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 H.G.Infra Engineering IPO will be done on Tuesday, March 6, 2018, and the allotted shares will be credited to your demat account by Thursday, March 8, 2018. Check the H.G.Infra Engineering IPO allotment status.
The H.G.Infra Engineering IPO listing date is on Friday, March 9, 2018.
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