H.G. Infra IPO:GMP, Issue Size, Issue Price and Important dates

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H.G. Infra IPO is engaged in road projects, including highways, bridges and flyovers. and is all set to make a debut in the stock market with an issue size of 462 Cr.  

H.G. Infra IPO – Overview    

 Issue Date           26-28 Feb 2018 
H.G. Infra IPO Opening Date           26 Feb 2018 
H.G. Infra IPO Face Value           INR 10 per share           
H.G. Infra IPO Price           INR 270 per share          
H.G. Infra IPO Lot Size           55 Shares          
Issue Size           462 Cr      
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             8.37 times 
NII (HNI) Shares           4.97 times 
Company Promoters           The Promoters of the Company are Mr. Harendra Singh, Mr. Vijendra Singh and Mr. Girish Pal Singh. 
Karda Construction IPO

H.G. Infra Engineering IPO -Tentative Dates           

IPO opening date           26 Feb 2018  
IPO closing date           28 Feb 2018  
Basis of Allotment           6 March 2018 
Initiation of Refunds           7 March 2018 
The credit of Shares to Demat          8 March 2018 
Listing Date           9 April 2018 
Karda Construction IPO

H.G. INFRA ENGINEERING IPO- Company Overview    

H.G. Infra Engineering Ltd (HGIEL) is Jaipur, Rajasthan based an infrastructure construction, development and management company. The company focuses 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 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 the company has 21 ongoing projects in the roads and highways sector. 

Industry Overview    

The expects investment in road projects to double to ₹ 10.7 trillion over the next five years. Investment in state roads is expected to grow steadily and rise at a faster pace in the case of rural roads, on account of higher budgetary allocation to Pradhan Mantri Gram Sadak Yojana. The Central Government has opened new avenues of investments, with NHAI launching Masala Bonds on the London Stock Exchange. The National Investment and Infrastructure Fund (“NIIF”), a fund of funds, which has been set up, will have multiple alternative investment funds (“AIF”) under its umbrella. 

 Objectives           

  • Each of the Selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale. The 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. 

Financial Statements          

Particulars          31-March-17 31-Mar-16   31-Mar-15 
Total Assets          5,380.18 3,753.92 2,249.66 
Total Revenue          9,739.72 7,148.02 3,377.33 
Profit After Tax          492.97 301.83  92.22 

Company Contact Information 

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/ 

HG Infra IPO Registrar 

Link Intime India Private Ltd 
 
Phone: +91-22-4918 6270 
Email: hginfra.ipo@linkintime.co.in 
Website: https://linkintime.co.in/ 

HG Infra IPO Lead Manager(s) 

  1. HDFC Bank Limited (Past IPO Performance) 
  1. SBI Capital Markets Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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