Incorporated in 1965, Engineers India Ltd is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services, focused on the oil and gas and petrochemicals industries in India and internationally. They also operate in a diverse set of other sectors including non-ferrous mining and metallurgy and infrastructure.
Engineers India have provided a range of engineering consultancy and project implementation services on more than 49 refinery projects, including 8 greenfield refinery projects, 7 petrochemical complexes, 35 oil and gas processing projects, 205 offshore platforms projects, 37 pipeline projects, 11 ports and storage and terminals projects, 8 fertilizer projects and 26 mining and metallurgy projects. In the infrastructure space, they have provided a range of engineering consultancy services for more than 26 projects, including for airports, highways, flyovers, bridges, water and sewer management, as well as energy-efficient "intelligent" buildings. They have also completed 16 turnkey projects, including refinery and petrochemicals projects and offshore platforms.
The promoters of the company is The President of India.
The object of the Offer is to carry out the disinvestment of 33,693,660 Equity Shares by the Selling Shareholder. The Company will not receive any proceeds from the Offer and all proceeds shall go to the GoI.
»» Issue Open: Feb 6, 2014 - Feb 12, 2014
»» Issue Type: 100% Book Built Issue FPO
»» Issue Size: 33,693,660 Equity Shares of Rs. 5
»» Issue Size: Rs. 505.40 Crore
»» Face Value: Rs. 5 Per Equity Share
»» Issue Price: Rs. 145 - Rs. 150 Per Equity Share
»» Market Lot: 100 Shares
»» Minimum Order Quantity: 100 Shares
»» Listing At: BSE, NSE
Discount of Rs 6.00 is available for Retail investors and employees of the Company.
The Offer was initially scheduled to close on February 10, 2014. However, the public sector banks have proposed a strike on February 10, 2014 and February 11, 2014, owing to which Bidders in the Offer will not be able to submit Bids through the public sector banks on February 10, 2014. Therefore, the Selling Shareholder and the Company, in consultation with the Book Running Lead Managers, have decided to extend the Offer Period till February 12, 2014 and the Offer Closing Date shall now be February 12, 2014.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||16,596,830||4,979,049||11,617,781||500,000||33,693,660|
|Day 1 - Feb 6, 2014 17:00 IST||0.0000||0.0000||0.0600||0.0000||0.0200|
|Day 2 - Feb 7, 2014 17:00 IST||2.2600||0.0000||0.1900||0.0000||1.1800|
|Day 3 - Feb 10, 2014 17:00 IST||2.3300||0.0100||0.8400||0.0400||1.4400|
|Day 4 - Feb 11, 2014 17:00 IST||2.4500||0.0400||1.1500||0.0400||1.6100|
|Day 5 - Feb 12, 2014 17:00 IST||3.9300||0.2300||2.4800||0.2200||2.8300|
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