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HG Infra IPO is a book built issue of Rs 462.00 crores. The issue comprises of fresh issue of Rs 300.00 crore and offer for sale of 0.6 crore shares.
HG Infra IPO bidding started from February 26, 2018 and ended on February 28, 2018. The allotment for HG Infra IPO was finalized on Tuesday, March 6, 2018. The shares got listed on BSE, NSE on March 9, 2018.
HG Infra IPO price band is set at ₹263 to ₹270 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,850.
Hdfc Bank Limited and SBI Capital Markets Limited are the book running lead managers of the HG Infra IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to HG Infra IPO RHP for detailed information.
IPO Date | February 26, 2018 to February 28, 2018 |
Listing Date | March 9, 2018 |
Face Value | ₹10 per share |
Price Band | ₹263 to ₹270 per share |
Lot Size | 55 Shares |
Total Issue Size | [.] shares (aggregating up to ₹462.00 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹300.00 Cr) |
Offer for Sale | 6,000,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
HG Infra IPO offers 12,137,070 shares. 3,433,647 (28.29%) to QIB, 2,611,027 (21.51%) to NII, 6,092,396 (50.20%) to RII. 110,770 RIIs will receive minimum 55 shares and (sNII) and (bNII) will receive minimum 770 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 3,433,647 (28.29%) | NA |
NII (HNI) Shares Offered | 2,611,027 (21.51%) | |
Retail Shares Offered | 6,092,396 (50.20%) | 110,770 |
Total Shares Offered | 12,137,070 (100%) |
HG Infra IPO opens on February 26, 2018, and closes on February 28, 2018.
IPO Open Date | Monday, February 26, 2018 |
IPO Close Date | Wednesday, February 28, 2018 |
Basis of Allotment | Tuesday, March 6, 2018 |
Initiation of Refunds | Wednesday, March 7, 2018 |
Credit of Shares to Demat | Thursday, March 8, 2018 |
Listing Date | Friday, March 9, 2018 |
Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2018 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 55 | ₹14,850 |
Retail (Max) | 13 | 715 | ₹193,050 |
Lot Size Calculator |
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 Offer comprises a Fresh Issue of Rs 300 Cr and an Offer for Sale of up to 6,000,000 Equity Shares.
The Offer for Sale
Each of the Selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale. Company will not receive
any proceeds of the Offer for Sale by the Selling Shareholders.
The Fresh Issue
The Net Proceeds of the Fresh Issue are proposed to be utilized by the Company for the following objects:
(a) Purchasing capital equipment;
(b) Repayment/ prepayment in part or in full, of certain indebtedness; and
(c) General corporate purposes.
[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...
The HG Infra IPO is subscribed 4.98 times on February 28, 2018 7:30:00 PM. 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) |
---|---|
QIB | 8.37 |
NII | 4.97 |
Retail | 3.08 |
Total | 4.98 |
Listing Date | March 9, 2018 |
BSE Script Code | 541019 |
NSE Symbol | HGINFRA |
ISIN | INE926X01010 |
Final Issue Price | ₹270 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹270.00 |
₹270.00 |
₹252.60 |
₹276.00 |
₹270.05 |
NSE |
---|
₹270.00 |
₹270.00 |
₹252.10 |
₹276.00 |
₹267.75 |
H.G. Infra Engineering Ltd
3rd Floor, Sheel Mohar Plaza, A-1,
Tilak Marg, C-Scheme,
Jaipur 302 001
Phone: +91 141 4106040
Email: cs@hginfra.com
Website: http://www.hginfra.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: hginfra.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
HG Infra IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹462.00 Crores. The issue is priced at ₹263 to ₹270 per share. The minimum order quantity is 55 Shares.
The IPO opens on February 26, 2018, and closes on February 28, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The HG Infra IPO opens on February 26, 2018 and closes on February 28, 2018.
HG Infra IPO lot size is 55 Shares, and the minimum amount required is ₹14,850.
You can apply in HG Infra IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HG Infra 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 HG Infra IPO allotment status.
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