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H.G. Infra Engineering Ltd IPO (HG Infra IPO) Detail

February 26, 2018 - February 28, 2018

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.

HG Infra IPO Details

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 Sale6,000,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

HG Infra IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,433,647 (28.29%)NA
NII (HNI) Shares Offered2,611,027 (21.51%)
Retail Shares Offered6,092,396 (50.20%)110,770
Total Shares Offered12,137,070 (100%)

HG Infra IPO Timeline (Tentative Schedule)

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

HG Infra IPO Lot Size

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

About H.G. Infra Engineering Ltd

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.

Company Financials

Summary of financial Information (Restated Standalone)
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

Objects of the Issue (HG Infra IPO Objectives)

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.

HG Infra IPO Review (May apply)

[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...

HG Infra IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

HG Infra IPO Prospectus

HG Infra IPO Rating

Rating:Rated 3.9 stars
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HG Infra IPO Listing Details

Listing Date March 9, 2018
BSE Script Code 541019
ISIN INE926X01010
Final Issue Price ₹270 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

H.G. Infra Engineering Ltd Contact Details

H.G. Infra Engineering Ltd
3rd Floor, Sheel Mohar Plaza, A-1,
Tilak Marg, C-Scheme,
Jaipur 302 001
Phone: +91 141 4106040

HG Infra IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

HG Infra IPO - Buy or Not

HG Infra IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 8 0 0
Members 0 0 0

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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.

The HG Infra IPO listing date is on March 9, 2018.
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HG Infra IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



344. unkill bacardi |   Link |  Bookmark |April 11, 2018 1:30:51 PM
I have one lot it ok to hold further lets say six months ?

or sell at this point of time to book profit ?
343. G S KAUSHIK |   Link |  Bookmark |April 9, 2018 10:28:29 AM


342. Solution of Queries |   Link |  Bookmark |April 5, 2018 12:38:27 PM (1100+ Posts, 1400+ Likes)
Doing well , today CMP 317 in NSE
342.1. Tin Tu |   Link |  Bookmark |April 5, 2018 2:32:09 PM
hi sir,
m nt knowing when to sell this shares???
i mean should i hold r will it rise again???
341. ipo madness |   Link |  Bookmark |March 26, 2018 7:47:43 AM
Keep eye on this share for just next 15 days.
340. sonal patel |   Link |  Bookmark |March 18, 2018 6:45:26 PM
IPO Guru IPO Guru (1500+ Posts, 5700+ Likes)
Those who have not sold the SHARE and are waiting. ENJOY 300 Target ACHIVE
339. Cool Sunshine |   Link |  Bookmark |March 16, 2018 9:29:20 PM
Dear All,

There was a news released to the media day before yesterday evening that HG Infra has won a new contract.

That news is the only reason of sudden rise from 253.
339.1. Cool Sunshine |   Link |  Bookmark |March 16, 2018 10:13:08 PM
The news appeared in other online website as well and appeared in moneycontrol at 2:15 pm and the link is below:

Now go to yesterday charts and see when the stock price of this share started rising, you all will be able to correlate.
338. Cool Sunshine |   Link |  Bookmark |March 9, 2018 11:42:19 AM
Each IPO is an opportunity to learn more and more. Sharing few points to think about.....

- Forward looking, thinking , statements, marketing, promotion alone cannot jack-up the IPO listing price.

- Analysis is good and valuation calculation has value......but IPO listing doesn''t depend ONLY on the analysis and valuation otherwise all analyst would have been billionaires.

- If someone promises 40-50% from an IPO listing, be cautious as it could be a trap to entice un-suspecting small buyers to subscribe the issue and thus generating some initial demand for the IPO.

- Generally, KNOWN DEVIL is better than UNKNOWN ANGEL, unless unknown angel is guaranteed to be an angel at reasonable cost. Whenever in doubt ....... known devil is more trustworthy.

- A good company doesn''t always mean blockbuster IPO listing. The company may have a good value but more important thing is value and potential at WHAT COST and prevailing global and local macros and sentiments at the time of listing.

- IPO is not a guaranteed listing gain instrument.
338.4. Cool Sunshine |   Link |  Bookmark |March 16, 2018 9:24:26 PM

Where were u when it went to 253 with the issue price of 270. In hibernation where were u and now resurfacing again when against a news the stock is up.

Suggest u and your cronies stop attacking unnecessary. If I go back and dig up your so called predictions/recommendations in different IPOs.......not even 50% will be correct but I don''t need to do it. It doesn''t matter to me whether you are right or wrong but it seems you and some other IDs have been so obsessed with my knowledge and messaging that whatever happens you will come back and attack.

BTW, I don''t care your shit.,,,,I can keep giving your shit in your mouth and face,,,,,,but un-necessary forum will get dirtied by your shit.

Whatever happens your attacks are not going to de-motivate me anyway in sharing my knowledge. If my knowledge was not valuable, I would not have been attacked by people like u and your cronies. So continue, I will feel more and more motivated only....
338.5. Cool Sunshine |   Link |  Bookmark |March 16, 2018 9:40:10 PM

Below is one example of your shit which you have been doling in the forum.....

Look your 3 days old posting for Saraveshwar Foods. You predicted .........that there could be flat kind of listing. Now the everybody knows what kind of listing Saraveshawar Foods had. Let me tell the forum that there are people in this forum who have lost their full year IPO earnings just by applying in Saraveshwar Foods

This is just one example to let the forum know , the reality of people like you who keep attacking other genuine forum members.

29. v for vendetta Mar 13, 2018 10:02:03 AM IST Reply

Sarveshwar Foods Ltd IPO
There could be a flat kind of listing, I urge all allottee to have patience and hold the stock for medium term. Please dont panic on listing day. Remember its only our panic and fear brings down the share prices as we tend to sell it at any price.
337. P M |   Link |  Bookmark |March 16, 2018 5:56:08 PM (1100+ Posts, 1100+ Likes)
Today Makes another New All time HIGH --- 304.00
336. Sushilskg |   Link |  Bookmark |March 16, 2018 7:37:27 AM
Aniket sir pls advice 1 yr view and your target as you have already sold your bought share.
336.1. Aniketiaf |   Link |  Bookmark |March 16, 2018 3:57:42 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Yes! I sold as I bought @ 258.
If you can...
You must hold for one year for a target of 360+
336.2. Aniketiaf |   Link |  Bookmark |April 9, 2018 11:56:46 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
It's about 340 today itself.
335. P M |   Link |  Bookmark |March 15, 2018 4:21:19 PM (1100+ Posts, 1100+ Likes)
Today Makes New All time HIGH --- 294.25
334. Sushilskg |   Link |  Bookmark |March 15, 2018 4:03:30 PM
Expert pls advice hg infra 1 month target??
333. Aniketiaf |   Link |  Bookmark |March 9, 2018 4:48:32 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Good morning to all.
Best wishes to all allottee of H G Infra.
At least 5% listing gain should must be there.
333.2. Aniketiaf |   Link |  Bookmark |March 9, 2018 2:29:37 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
@ harikrishnasara,
Not allotted with any of my 4 a/c.
But added a few @ 258 in today''s trade for short to medium term.
333.3. Aniketiaf |   Link |  Bookmark |March 15, 2018 3:01:04 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Sold H G INFRA @ 292
BOUGHT @ 258
332. Sushilskg |   Link |  Bookmark |March 15, 2018 2:05:26 PM
What is target of hg infra to exit from now? pls advice.
331. Multiplyurmoney |   Link |  Bookmark |March 9, 2018 7:40:13 PM
It will pick up soon unless market nosedives. Nothing to worry.
330. AjayKMali |   Link |  Bookmark |March 9, 2018 10:58:04 AM
Lucky, did not get allotment.
329. P M |   Link |  Bookmark |March 9, 2018 10:14:56 AM (1100+ Posts, 1100+ Likes)
Current Order Book
NSE - Offer Price ------------------- 273.60        ============= BSE - Offer Price ----------------- 273.35
NSE - Total Bid Quantity -------- 2815695 ============ BSE - Total Bid Quantity -------- 893789
NSE - Total Offer Quantity ------ 4314983 ============ BSE - Total Offer Quantity ----- 1222970
328. guptahitz |   Link |  Bookmark |March 9, 2018 9:49:22 AM
Finally touched 270+.
327. harit |   Link |  Bookmark |March 9, 2018 9:21:54 AM
252.** Quote lowest
So many recommendations
So much potential
But results???
I sold 8 application for 250 fix
327.2. harit |   Link |  Bookmark |March 9, 2018 9:26:25 AM
Now 263 good
327.3. harit |   Link |  Bookmark |March 9, 2018 9:43:50 AM
270 looking greens
326. Bhallal dev |   Link |  Bookmark |March 9, 2018 9:26:27 AM
Retailers lose money due to their greed of some 5 - 10 rs.
Members lose money due to the posting of wrong highly inflated GMP by some FAKu type so called experts.
I am sure about coming IPOs also list in discount.
Just 25 rs. discount on issue price of 1200+ in HAL is a joke on poor retailors.
326.1. guptahitz |   Link |  Bookmark |March 9, 2018 9:43:37 AM
I think majority of the investors rely on others research while investing. so, this will always be the case. It is not just about IPO but also true for secondary market.

325. P M |   Link |  Bookmark |March 9, 2018 9:38:47 AM (1100+ Posts, 1100+ Likes)
Current Order Book
NSE - Offer Price ------------------- 265.10 ============= BSE - Offer Price ----------------- 265.20
NSE - Total Bid Quantity -------- 1031403 ============ BSE - Total Bid Quantity -------- 197763
NSE - Total Offer Quantity ------ 1290068 ============ BSE - Total Offer Quantity ----- 246732