HG Infra Engineering Ltd IPO, HG Infra IPO Detail

By | March 8, 2018
HG Infra Engineering Ltd IPO, HG Infra IPO Detail, HG Infra Engineering IPO Allotment, HG Infra Engineering IPO Grey Market, GMP Premium, and Price.

Infrastructure construction and management company H.G. Infra Engineering Ltd (HGIEL) is coming with an IPO in February 2018. The company has announced today that it will launch its IPO in February. HG Infra Engineering had filed with SEBI to raise Rs. 462 crore through the initial public offer in September 2017. The company had received Sebi’s approval to launch an IPO in December 2017. The IPO of H.G. Infra Engineering Ltd will consist of a fresh issue of up to Rs 300 crore and an offer for sale of up to 60 lakh equity shares. The company has said in its statement that the IPO of H.G. Infra Engineering will open on 26 February 2018 and it will end for subscription on 28 September 2018.

The price band is already decided and HG Infra sets IPO price band at Rs. 263-270 per share. Those who want to apply for the IPO must check the given section for all details about the HG Infra IPO. We have provided the HG Infra DRHP, HG Infra Engineering IPO Allotment, Grey Market Price and GMP Premium, Date, Price, Financials, Review, Poll, Listing Date and more at the below section. Investors need to read everything carefully and then apply for the IPO.

HG Infra IPO Detail

HG Infra IPO

About the company:  H.G. Infra Engineering Ltd is an infrastructure construction, development, and management company. The company was set up in 2003 and it is based in Jaipur, Rajasthan. The company is focused on road projects. The main area of the company is highways, bridges, and flyovers. The main business  operations of the company are:

  1. Providing engineering, procurement, and construction (“EPC”) services on a fixed-sum turnkey basis.
  2. Undertaking civil construction and related infrastructure projects on item rate and lump sum basis.

Apart from the roads and highway sector, it is also executing water pipeline projects. As of November 30, 2017, we had a total Order Book of Rs. 37,078.10 million, consisting of 21 projects in the roads and highways sector, 04 civil construction projects and 02 water supply projects.

Company Promoters: Mr. Harendra Singh, Mr. Vijendra Singh And Mr. Girish Pal Singh

Objects of the Issue

The HG Infra Engineering Ltd IPO comprises of the Fresh Issue and the Offer for Sale.

Offer for Sale

  • 10 lakh shares each will be sold by Harendra Singh, Vijendra Singh and Girish Pal Singh; and up to 30 lakh shares by Hodal Singh, the promoter group selling shareholder.
  • HG Infra Engineering Ltd will not receive any proceeds from the Offer for Sale.

Fresh Issue

  • Purchase of capital equipment.
  • Repayment/ prepayment in part or in full, of certain indebtedness
  • General corporate purposes.

HG Infra Engineering IPO Grey Market Price, Rates, GMP Premium

DateGMPKostak RateSauda
08 March 2018Rs. 3  (Seller)

Updates

  1. IPO covered 11% on the first day.
  2. The company raises Rs 138 cr from anchor investors.
  3. It has sold 51,33,150 equity shares to 11 anchor investors at Rs. 270.
  4. Some of the big names are SBI Infrastructure Fund, DSP BlackRock India Tiger Fund, UTI – Infrastructure Fund and IDFC Infrastructure Fund.

HG Infra Engineering IPO, Allotment, Grey Market, GMP, Date, Price, Subscription, Listing Date

NameH.G. Infra Engineering Limited
Open Date26 February 2018
Close Date28 February 2018
Allotment Date06 March 2018
Refund Date08 March 2018
Listing Date09 March 2018
Issue PriceRs. 263 – Rs. 270 Per Equity Share
Lot Size55 Shares
Minimum Order Quantity55 Shares
Issue TypeBook Built Issue IPO
Issue Size[.] Equity Shares of Rs 10 aggregating up to Rs 300.00 Crores
›››› Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to Rs 0.60 Crores
Lead ManagerSBI Capital Markets Limited, HDFC Bank Limited
RegistrarLink Intime India Private Ltd
Listing atNSE / BSE
IPO Poll

Would you apply to the HG Infra IPO?

  • Yes (71%, 208 Votes)
  • No (29%, 86 Votes)

Total Voters: 294

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Broker Recommendations

  1. Centrum Broking: Listing Gains
  2. Angel Broking: Neutral
  3. Motilal Oswal Securities: Subscribe
  4. ICICI Direct: Subscribe

HG Infra Engineering IPO Price

HG Infra Engineering has notified the exchanges that the price band of its IPO will be Rs 263 – Rs 270 Per Equity Share. The company is expected to raise Rs. 462 crore.

HG Infra Engineering IPO Date

The share sale of HG Infra will be open for the subscription on 26 February 2018 and the offer will close on 28 February 2018.

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
H1 FY 2018
Rs. 569.5Rs. 524.4Rs. 29.3
31 March 2017Rs. 1,058.6Rs. 979.6Rs. 53.3
31 March 2016Rs. 743.3Rs. 697.1Rs. 35.4
31 March 2015Rs. 367.6Rs. 354.1Rs. 4.6
31 March 2014Rs. 473.0Rs. 447.2Rs. 10.9
**(All Figures in Rs. Crores)

Valuations

  • Earnings Per Share (EPS): Rs. 9.87
  • Price/Earnings (P/E) ratio: Rs. 26.64 – 27.35
  • Return on Net Worth (RONW): 30.32%
  • Net Asset Value (NAV): Rs. 32.54 per share

HG Infra IPO Subscription Details

CategorySHARES OFFERED26 February 201827 February 201828 February 2018
RII60923960.200.84
3.07
NII26110270.040.074.96
QIB34336470.000.008.37
Total121370700.110.444.97

Lead Managers

The company has selected SBI Capital Markets Limited and HDFC Bank Limited as a book running lead managers to the issue.

Registrar

Link Intime India Private Limited is the registrar of H.G. Infra IPO.

Link Intime India Private Limited

  • Telephone: +91 22 6171 5400
  • Fax: +91 22 2596 0329
  • Email: [email protected]
  • Website: www.linkintime.co.in

HG Infra Engineering IPO Allotment

The IPO allotment of HG Infra Engineering will be available online on 06 March 2018. The link to the allotment will be posted here.

H.G. Infra Engineering IPO Listing Date

HG Infra to make stock market debut on Friday, 09th March 2018.
Listing Day Figures (09th March 2018)

 BSE (541019)NSE (HGINFRA)
IPO PriceRs. 270Rs. 270
OpenRs. 270Rs. 270
HighRs. 276Rs. 276
LowRs. 252.60Rs. 252.10
CloseRs. 270.05Rs. 267.75

H.G. Infra Engineering Ltd Address

Registered Office: 14, Panchwati Colony, Ratanada, Jodhpur 342 001, Rajasthan, India

Corporate Office: IIIrd Floor, Sheel Mohar Plaza, A-1, Tilak Marg, C-Scheme, Jaipur 302 001, Rajasthan, India

Telephone: +91 141 4106040
Fax: +91 141 4106044
E-mail: [email protected]
Website: www.hginfra.com

IPO DRHP / Prospectus

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