Bookbuilding IPO | ₹462 Cr | Listed at BSE, NSE | Mon, Feb 26, 2018 - Wed, Feb 28, 2018
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 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,850 (55 shares) (based on upper price). 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 Open
Mon, Feb 26, 2018
IPO Close
Wed, Feb 28, 2018
Issue Price
₹270 per share
Market Cap (Pre-IPO)
₹1,759.62 Cr
| IPO Date | 26 to 28 Feb, 2018 |
| Listed on | Fri, Mar 9, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹263 to ₹270 |
| Issue Price | ₹270 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,71,11,111 shares (agg. up to ₹462 Cr) |
| Fresh Issue | 1,11,11,111 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 60,00,000 shares of ₹10 (agg. up to ₹162 Cr) |
| Share Holding Pre Issue | 5,40,60,000 shares |
| Share Holding Post Issue | 6,51,71,111 shares |
| BSE Script Code / NSE Symbol | 541019 / HGINFRA |
| ISIN | INE926X01010 |
H.G.Infra Engineering IPO comprises a total issue size of 1,71,11,111 shares. Out of which, 85,55,555 (50.00%) are allocated to QIB, 25,66,667 (15.00%) allocated to NII 59,88,889 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| 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 |
H.G.Infra Engineering IPO raises ₹138.60 crore from anchor investors. H.G.Infra Engineering IPO Anchor bid date is February 23, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Feb 23, 2018 |
| Shares Offered | 51,33,150 |
| Anchor Portion (₹ Cr.) | 138.60 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 5, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 4, 2018 |
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.
| 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 | Purchasing capital equipment | 90.03 |
| 2 | Repayment/ prepayment of certain indebtedness | 115.55 |
| 3 | General corporate purposes | 72.05 |
The HG Infra IPO is subscribed 4.98 times on February 28, 2018 7:30:00 PM (Day 3). The public issue subscribed 3.08 times in the retail category, 8.37 times in the QIB category, and 4.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.37 | 34,33,647 | |
| NII | 4.97 | 26,11,027 | |
| Retail | 3.08 | 60,92,396 | |
| Total | 4.98 | 1,21,37,070 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) | 13.63 |
| 2 | Selling commission and processing fees for SCSBs | 0.70 |
| 3 | Brokerage, selling commission and bidding charges for the members of the Syndicate, Registered Brokers, Collecting RTAs and CDPs | 1.05 |
| 4 | Listing fees, SEBI filing fees, book building software fees and other regulatory expenses, printing and stationery expenses, advertising and marketing expenses for the Offer and fees payable to the legal counsel | 6.75 |
| 5 | Other Advisors to the Offer | 9.00 |
| 6 | Miscellaneous | 3.20 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹270.00 | ₹270.00 |
| Open | ₹270.00 | ₹270.00 |
| Low | ₹252.60 | ₹252.10 |
| High | ₹276.00 | ₹276.00 |
| Last Trade | ₹270.05 | ₹267.75 |
Lead Manager Reports
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 Crores. The issue is priced at ₹270 per share. The minimum order quantity is 55.
The IPO opens on Mon, Feb 26, 2018, and closes on Wed, Feb 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 Mon, Feb 26, 2018 and closes on Wed, Feb 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 Thu, Mar 8, 2018. Check the H.G.Infra Engineering IPO allotment status.
The H.G.Infra Engineering IPO listing date is on Fri, Mar 9, 2018.
