IPO Issue Details
Issue Price / Price Band₹270 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size55 Shares per Lot
Total Issue Size1,71,11,111 shares (aggregating up to ₹462.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 26 Feb 2018
Subscription CloseWed, 28 Feb 2018
Anchor AllotmentFri, 23 Feb 2018
Basis of AllotmentTue, 06 Mar 2018
Initiation of RefundsWed, 07 Mar 2018
Credit of Shares to DematThu, 08 Mar 2018
Listing DateFri, 09 Mar 2018
UPI Mandate Deadline2018-02-28
Application & Investment Details
Retail — Min (1 Lots)₹14,850 — 55 shares
Retail — Max (13 Lots)₹193,050 (13 Lots)
HNI — Min (14 Lots)₹2,07,900 — 770 shares
Pre-IPO Promoter Holding5,40,60,000 shares
Post-IPO Promoter Holding6,51,71,111 shares
Fresh Issue Shares1,11,11,111 shares (aggregating up to ₹300.00 Cr)
Offer for Sale Shares60,00,000 shares of ₹10 (aggregating up to ₹162.00 Cr)
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.
Objects of the Issue
H.G.Infra Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchasing capital equipment
90.03
2
2 Repayment/ prepayment of certain indebtedness
115.55
3
3 General corporate purposes
72.05
Shareholding & Lock-in
Pre-IPO Promoter Holding
5,40,60,000 shares
Post-IPO Promoter Holding
6,51,71,111 shares
Lock-in Period (30%)April 5, 2018
Lock-in Period (50%)June 4, 2018