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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.
| HG Infra IPO Date | Feb 26, 2018 to Feb 28, 2018 |
| HG Infra IPO Face Value | ₹10 per share |
| HG Infra IPO Price | ₹263 to ₹270 per share |
| HG Infra IPO Lot Size | 55 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹462.00 Cr) |
| Fresh Issue | [.] shares of ₹10 (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 |
| Company Promoters | The Promoters of the Company are Mr. Harendra Singh, Mr. Vijendra Singh and Mr. Girish Pal Singh. |
HG Infra IPO opens on Feb 26, 2018, and closes on Feb 28, 2018. The HG Infra IPO bid date is from Feb 26, 2018 10.00 A.M. to Feb 28, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Date |
|---|---|
| HG Infra IPO Opening Date | Feb 26, 2018 |
| HG Infra IPO Closing Date | Feb 28, 2018 |
| Basis of Allotment | Mar 6, 2018 |
| Initiation of Refunds | Mar 7, 2018 |
| Credit of Shares to Demat | Mar 8, 2018 |
| HG Infra IPO Listing Date | Mar 9, 2018 |
The HG Infra IPO lot size is 55 shares. A retail-individual investor can apply for up to 13 lots (715 shares or ₹193,050).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,850 |
| Retail (Max) | 13 | 715 | ₹193,050 |
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 Feb 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 | Friday, March 9, 2018 |
| BSE Script Code | 541019 |
| NSE Symbol | HGINFRA |
| Listing In | |
| ISIN | INE926X01010 |
| IPO Price | ₹270 per share |
| Face Value | ₹10 per share |
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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/
IPO Broker Recommendations
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 Feb 26, 2018, and closes on Feb 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 Feb 26, 2018 and closes on Feb 28, 2018.
HG Infra IPO lot size is 55 Shares and the minimum order quantity is .
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for HG Infra IPO will be done on Mar 6, 2018, and the allotted shares will be credited to your demat account by Mar 8, 2018. Check the HG Infra IPO allotment status.
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or sell at this point of time to book profit ?