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.
The company has also forayed into executing water pipeline projects and is currently undertaking two water supply projects in Rajasthan on turnkey basis which includes the designing, construction, operation and maintenance of the project. HG Infra has executed projects across various states in India covering Rajasthan, Uttar Pradesh, Haryana, Uttarakhand, Maharashtra and Arunachal Pradesh. During the last five years, the company has completed 13 projects above the contract value of INR400.00 million in the roads and highways sector aggregating to a total contract value of INR16,748.94 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.
The Promoters of the Company are Mr. Harendra Singh, Mr. Vijendra Singh and Mr. Girish Pal Singh.
|Summary of financial Information (Restated Standalone)|
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||492.97||301.83||92.22||171.71||134.90|
Objects of the Issue:
The Offer comprises a Fresh Issue of ₹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.
»» Issue Open: Feb 26, 2018 – Feb 28, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size:
› Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 300.00 Cr
› Offer for Sale of [.] Equity Shares of Rs 10 aggregating up to Rs 0.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 263 – Rs 270 Per Equity Share
»» Market Lot: 55 Shares
»» Minimum Order Quantity: 55 Shares
»» Listing At: BSE, NSE
Tentative Date / Timelines of HG Infra:
- Bid/Offer Opens On: Feb 26, 2018
- Bid/Offer Closes On: Feb 28, 2018
- Finalisation of Basis of Allotment: On or about Mar 6, 2018
- Initiation of refunds: On or about Mar 7, 2018
- Credit of Equity Shares to demat accounts: On or about Mar 8, 2018
- Commencement of trading of the Equity Shares on the Stock Exchanges: On or about Mar 9, 2018
Please contact us today for application at 033 40266300