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Engineers India Limited FPO (EIL FPO) Detail

February 6, 2014 - February 12, 2014

EIL FPO is a book built issue of Rs 505.40 crores.

EIL FPO bidding started from February 6, 2014 and ended on February 12, 2014. The shares got listed on BSE, NSE on February 28, 2014.

EIL FPO price band is set at ₹145 to ₹150 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹15,000.

ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Kotak Mahindra Capital Company Limited are the book running lead managers of the EIL FPO, while Kfin Technologies Limited is the registrar for the issue.

EIL FPO Details

IPO Date February 6, 2014 to February 12, 2014
Listing Date February 28, 2014
Face Value ₹5 per share
Price Band ₹145 to ₹150 per share
Lot Size 100 Shares
Total Issue Size33,693,660 shares
(aggregating up to ₹505.40 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE

EIL FPO Reservation

EIL FPO offers 33,693,660 shares. 16,596,830 (49.26%) to QIB, 4,979,049 (14.78%) to NII, 11,617,781 (34.48%) to RII, 500,000 (1.48%) to employees. 116,177 RIIs will receive minimum 100 shares and (sNII) and (bNII) will receive minimum 1,400 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered16,596,830 (49.26%)NA
NII (HNI) Shares Offered4,979,049 (14.78%)
Retail Shares Offered11,617,781 (34.48%)116,177
Employee Shares Offered500,000 (1.48%)NA
Total Shares Offered33,693,660 (100%)

EIL FPO Lot Size

Investors can bid for a minimum of 100 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) 1 100 ₹15,000
Retail (Max) 13 1300 ₹195,000
Lot Size Calculator

About Engineers India Limited

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.

Objects of the Issue (EIL FPO Objectives)

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.

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EIL FPO Subscription Status (Bidding Detail)

The EIL FPO is subscribed 2.83 times on February 12, 2014 5:00:00 PM. The public issue subscribed 2.48 times in the retail category, 3.93 times in the QIB category, and 0.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)


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 Prospectus

EIL FPO Rating

Rating:Rated 3.4 stars
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EIL FPO Listing Details

Listing Date February 28, 2014
BSE Script Code 532178
ISIN INE510A01028
Final Issue Price ₹150 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Engineers India Limited Contact Details

Engineers India Limited
Engineers India Bhawan,
1, Bhikaiji Cama Place,
New Delhi 110 066, India
Phone: +91 11 2676 2121

EIL FPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000


EIL FPO is a main-board FPO of 33,693,660 equity shares of the face value of ₹5 aggregating up to ₹505.40 Crores. The issue is priced at ₹145 to ₹150 per share. The minimum order quantity is 100 Shares.

The FPO opens on February 6, 2014, and closes on February 12, 2014.

Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The EIL FPO opens on February 6, 2014 and closes on February 12, 2014.

EIL FPO lot size is 100 Shares, and the minimum amount required is ₹15,000.

You can apply in EIL FPO 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 EIL FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the EIL FPO allotment status.

The EIL FPO listing date is on February 28, 2014.
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EIL FPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



135. Srini |   Link |  Bookmark |March 15, 2014 11:57:28 AM (400+ Posts)
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 |   Link |  Bookmark |March 11, 2014 3:58:28 PM
133. vas nat |   Link |  Bookmark |March 7, 2014 10:49:43 PM (200+ Posts)
High Deliveries. High Volume. Expect the price to go higher?
133.1. Dinesh |   Link |  Bookmark |March 11, 2014 11:52:28 AM
Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190
133.2. Dinesh |   Link |  Bookmark |March 11, 2014 11:52:29 AM
Yes. Expect it to come near 200 before dividend declaration date. It will defintely cross 190
132. Kamlesh Shah |   Link |  Bookmark |March 2, 2014 2:11:50 PM
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 |   Link |  Bookmark |March 2, 2014 11:14:00 PM (300+ Posts)
@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 |   Link |  Bookmark |March 7, 2014 9:17:48 AM
So.. EIL is slowly coming closer to its fundamental valuation of Rs 220. Cheers!!
131. gundu anna |   Link |  Bookmark |March 1, 2014 5:39:45 PM (500+ Posts, 100+ Likes)
Sold my 131 EIL FPO shares 150.....not worth tracking this everyday..
130. CHD |   Link |  Bookmark |February 28, 2014 4:14:17 PM (1100+ Posts, 500+ Likes)
OUT OF 200 SHARES , sold 100 at 150 ..... let''s hope for the better price ahead for the balance ......!
130.1. Dinesh |   Link |  Bookmark |February 28, 2014 4:39:28 PM
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 |   Link |  Bookmark |February 28, 2014 11:55:59 AM
Now i can see in indiabulls.152 i have given the it fine?
128. ankit rastogi |   Link |  Bookmark |February 28, 2014 10:45:50 AM
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 |   Link |  Bookmark |February 28, 2014 10:44:29 AM (900+ Posts, 600+ Likes)
Sold 200 shares at 148.60. Not much use, made around 600 rs after paying brokerage.
126. VARUN |   Link |  Bookmark |February 28, 2014 9:38:30 AM
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 |   Link |  Bookmark |February 27, 2014 6:24:20 PM (1100+ Posts, 500+ Likes)
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 |   Link |  Bookmark |February 27, 2014 5:44:02 PM

123. jigaReligare |   Link |  Bookmark |February 27, 2014 5:43:36 PM

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 |   Link |  Bookmark |February 27, 2014 5:43:10 PM

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 |   Link |  Bookmark |February 27, 2014 3:56:28 PM
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*
*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

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 |   Link |  Bookmark |February 27, 2014 4:48:33 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
In which website this notice is displayed? Please intimate.
121.2. Durairaj,Tirupur |   Link |  Bookmark |February 27, 2014 5:30:06 PM (300+ Posts)
The intimation is available in bseindia - circulars and notices link
120. CHD |   Link |  Bookmark |February 27, 2014 2:03:26 PM (1100+ Posts, 500+ Likes)
Let us avoid being so panicky .....& desperate .... EIL is fundamentally an established coy NOT a fly by night operator afterall .... !
119. Athar |   Link |  Bookmark |February 26, 2014 7:47:16 PM (200+ Posts)
Mr Pruku very good appeal.Thanks a lot
118. Pruku |   Link |  Bookmark |February 26, 2014 7:03:52 PM

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 |   Link |  Bookmark |February 26, 2014 9:53:44 PM (300+ Posts)
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 |   Link |  Bookmark |February 26, 2014 6:43:54 PM
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
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 |   Link |  Bookmark |February 26, 2014 3:36:35 PM (200+ Posts)
Finally happy ending of the stock today,largely due to covering of short sell. Real testing on Friday morning