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Engineers India Limited FPO (EIL FPO) Detail

Feb 6, 2014 - Feb 12, 2014        
  
   

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.

Company Promoters:

The promoters of the company is The President of India.

Objects of the Issue:

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 Detail:

  »»  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

Discount of Rs 6.00 is available for Retail investors and employees of the Company.

EIL closing date extended to Feb 12th

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.

EIL FPO Reviews:

  1. Dilip Davda says 'Subscribe' to Engineers India Limited FPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
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 

EIL FPO News Alerts

  1. Wednesday, February 26, 2014 1:48:48 PM
    IPO Listing - Engineers India Limited
  2. Monday, February 24, 2014 8:53:14 AM
    IPO Allotment - Engineers India Limited
  3. Wednesday, February 12, 2014 8:44:53 AM
    EIL FPO finally subscribed 2.83 times
  4. Monday, February 10, 2014 9:10:20 AM
    EIL closing date extended to Feb 12th
  5. Thursday, February 6, 2014 9:08:10 AM
    IPO Bidding- Engineers India Ltd
  6. Tuesday, February 4, 2014 1:04:27 PM
    Upcoming FPO - Engineers India Limited

EIL FPO Rating

   Rating: 3.4
130
3.4
Rating:Rated 3.4 stars

Vote Here ...

   FPO Reviews  |  FPO Gradings

EIL FPO Listing Date

Listing Date:Friday, February 28, 2014
BSE Scrip Code:532178
NSE Symbol:ENGINERSIN
Listing In:
Sector:Engineering
ISIN:INE510A01028
Issue Price:Rs. 150.00 Per Equity Share
Face Value:Rs. 5.00 Per Equity Share

Listing Day Trading Information

EIL FPO Prospectus

Company Contact Information

Registered Office :
    Engineers India Bhawan,
    1, Bhikaiji Cama Place,
    New Delhi 110 066, India
Phone: +91 11 2676 2121
Fax: +91 11 2619 1690
Email: company.secretary@eil.co.in
Website: http://www.engineersindia.com

EIL FPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: eil.fpo@karvy.com
Website: http://karisma.karvy.com


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EIL FPO Messages (EIL FPO Comments)

  Post New Message ...  

135. Srini  Mar 15, 2014 12:57:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Srini's - IPO Comments

Finally recovered from loss from earlier FPO and gone into profit of 2K. This time I wont make mistake of allowing to go below invested price of 172(35 ealier FPO + 131 current FPO shares).

 

134. Kamlesh Shah  Mar 11, 2014 4:58:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kamlesh Shah's - IPO Comments

SOLD ALLOTED 468 SHARES @ RATE OF rS.167/-. BEST AGAIN RETURN EARNED,AFTER POWERGRID FPO - PSU SHRES

 

133. vas nat  Mar 7, 2014 11:49:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vas nat's - IPO Comments

High Deliveries. High Volume. Expect the price to go higher?

 

133.1. Dinesh  Mar 11, 2014 12:52:28 PM IST |  I Like It.  Like  |  Report Abuse
Dinesh's - IPO Comments

Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190

 

133.2. Dinesh  Mar 11, 2014 12:52:29 PM IST |  I Like It.  Like  |  Report Abuse
Dinesh's - IPO Comments

Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190

 

132. Kamlesh Shah  Mar 2, 2014 3:11:50 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Kamlesh Shah's - IPO Comments

What can I do for EIL shares alloted to me, Delivery Volume is very high in NSE/BSE. Price is likely to reach Rs.160/- ?

 

132.1. Durairaj,Tirupur  Mar 3, 2014 12:14:00 AM IST |  I Like It.  Like  |  Report Abuse
Durairaj,Tirupur's - IPO Comments

@Kamlesh Shah,
Delivery volume might be due to selling pressure to book the profit, but the overall scenario is once again LIC has made the divestment boat to sail, as they have got allotted 28.75% of total offer for sale...
Retail response is due to the outcome of Power grid Offer for sales as it have given almost 10% of return for retails by blocking funds for a max of 1 month, being a risk free return available to retail sectors (atleast the 5% retail discount ) has drawn the attention of retails this time...

So maximise the risk free return, an individual will prefer these fpo or OFS and keep fund in Bank FD''s for the balance period so as to maximise the return. This is my view and am doing. so that is why retails offon listing day...

About the company i just started to track after this OFS announcement only and my opinion is as below..
1. Order book is ok with good margins in the past..
2.Company has a cash balance around 2200 crores which will come around Rs.70+ per share..
3. The stock price has been in declaining cycle for past 3 yrs...
4. Good dividend yield....

have satisfied that above things are worth to apply the OFS and went for it....

The price of 160 depends on several other future prospectus of the company as well as overall market sentiments so future is cluless for me...

 

132.2. Dinesh  Mar 7, 2014 10:17:48 AM IST |  I Like It.  Like  |  Report Abuse
Dinesh's - IPO Comments

So.. EIL is slowly coming closer to its fundamental valuation of Rs 220. Cheers!!

 

131. gundu anna  Mar 1, 2014 6:39:45 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments

Sold my 131 EIL FPO shares 150.....not worth tracking this everyday..

 

130. CHD  Feb 28, 2014 5:14:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHD's - IPO Comments

OUT OF 200 SHARES , sold 100 at 150 ..... let''s hope for the better price ahead for the balance ......!

 

130.1. Dinesh  Feb 28, 2014 5:39:28 PM IST |  I Like It.  Like  |  Report Abuse
Dinesh's - IPO Comments

So.. yesterday you suggested to hold the stock but today sold 100. As you claim out of 200. But no one got 200 shares in FPO. It can be 192. So i believe you sold your entire allocation contradicting to your own recommendation? Anyways, i am holding shares alloted to me as EIL is fundamentally sound.

 

129. ankit rastogi  Feb 28, 2014 12:55:59 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ankit rastogi's - IPO Comments

Now i can see in indiabulls.152 i have given the limit.is it fine?

 

128. ankit rastogi  Feb 28, 2014 11:45:50 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ankit rastogi's - IPO Comments

yes,i am also facing this issue with indiabulls.Yet not showing in my demat a/c.

When we can see those shares.

 

127. VALUE INVESTOR  Feb 28, 2014 11:44:29 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
VALUE INVESTOR's - IPO Comments

Sold 200 shares at 148.60. Not much use, made around 600 rs after paying brokerage.

 

126. VARUN  Feb 28, 2014 10:38:30 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
VARUN's - IPO Comments

EIL shares are not shown for trading at Indiabulls. Upon asking they say that the shares are still not listed. Can any body check the listing date.

 

125. CHD  Feb 27, 2014 7:24:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHD's - IPO Comments

Those who will have patience to hold the EIL allotted shares will make a profit - as on LISTING day panic selling may take it below the issue price ..... so avoid distress selling .... & hold for a few days at least ...!

 

124. jigaReligare  Feb 27, 2014 6:44:02 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
jigaReligare's - IPO Comments

http://www.business-standard.com/article/companies/engineers-india-fpo-shares-to-list-feb-28-114022600551_1.html

THIS IS LINK

 

123. jigaReligare  Feb 27, 2014 6:43:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
jigaReligare's - IPO Comments


State-owned Engineers India''s shares issued during the follow-on public offering (FPO) will commence trading on February 28.

Earlier, this month the government had offloaded nearly 10% of its holding in the company to raise around Rs 500 crore. The FPO, which was open between February 6 and February 12, had subscribed 2.81 times.

Engineers India fixed the price for the public issue at Rs 150 per share, top end of the price band. Retail investors were given a discount of Rs 6 per share. More than 70,000 retail investors had applied in the FPO.

Shares of the company are currently trading at Rs 150.25, up 2.3% on BSE.

 

122. jigaReligare  Feb 27, 2014 6:43:10 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
jigaReligare's - IPO Comments


Business Standard
Engineers India FPO shares to list Feb 28Earlier, this month the government had offloaded nearly 10% of its holding in the company to raise around Rs 500 crore
BS Reporter | Mumbai February 26, 2014 Last Updated at 14:29 IST

 

121. IPO MK RAJKOT  Feb 27, 2014 4:56:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO MK RAJKOT's - IPO Comments

Trading members of the Exchange are hereby informed that pursuant to the FPO of Engineers India Limited, the under mentioned equity shares have been credited to the beneficiary account of the successful allottees in the FPO and will be available for trading w.e.f. February 28, 2014.
 

*Name of the Company*
*Securities*
*Distinctive Nos.*
*Scrip Code*

Engineers India Limited
33,693,660 Equity shares of face value of Rs. 5/- each fully paid-up issued by way of Public Issue.
43535213 to 77228872
 
 
 
 
532178
 
 
 

FPO Issue Price
Rs. 150/- per share*
(Face Value of Rs 5/- and premium of
Rs. 145/-)
***Discount of Rs 6 is offered to Retail & Eligible Employees.**

 

121.1. PSR  Feb 27, 2014 5:48:33 PM IST |  I Like It.  Like  |  Report Abuse
PSR's - IPO Comments

In which website this notice is displayed? Please intimate.

 

121.2. Durairaj,Tirupur  Feb 27, 2014 6:30:06 PM IST |  I Like It.  Like  |  Report Abuse
Durairaj,Tirupur's - IPO Comments

@PSR,
The intimation is available in bseindia - circulars and notices link

www.bseindia.com/markets/MarketInfo/NoticesNCirculars.aspx?expandable=0

 

120. CHD  Feb 27, 2014 3:03:26 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHD's - IPO Comments

Let us avoid being so panicky .....& desperate .... EIL is fundamentally an established coy NOT a fly by night operator afterall .... !

 

119. Athar  Feb 26, 2014 8:47:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Athar's - IPO Comments

Mr Pruku very good appeal.Thanks a lot

 

118. Pruku  Feb 26, 2014 8:03:52 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Pruku's - IPO Comments

Respected FII ( FOREIGN INSTITUTION INVESTORS)

Please help us retail investors by buying shares of ENGINERS INDIA LTD aggresievly on 28th Febuary as we small retailers want to exit any price above Rs 250.It is a very sincere appeal from all retail investors who have applied for this FPO. Its my suncere request to you all straight from my heart.

 

118.1. Durairaj,Tirupur  Feb 26, 2014 10:53:44 PM IST |  I Like It.  Like  |  Report Abuse
Durairaj,Tirupur's - IPO Comments

Mr.Pruku,
As per the disclosure by LIC to the exchange it has informed that it has acquired around 2.875% shares via FPO and which works out to 28.75% of issue size. They won''t exit now.
If retails don''t dumb them price will be stable...

 

117. Pruku  Feb 26, 2014 7:43:54 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Pruku's - IPO Comments

Trading members of the Exchange are hereby informed that pursuant to the FPO of Engineers India Limited, the under mentioned equity shares have been credited to the beneficiary account of the successful allottees in the FPO and will be available for trading w.e.f. February 28, 2014.

Name of the Company
Securities
Distinctive Nos.
Scrip Code
Engineers India Limited
33,693,660 Equity shares of face value of Rs. 5/- each fully paid-up issued by way of Public Issue.
43535213 to 77228872




 

116. santonu  Feb 26, 2014 4:36:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
santonu's - IPO Comments

Finally happy ending of the stock today,largely due to covering of short sell. Real testing on Friday morning

 

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