H.G. Infra Engineering IPO
H.G. Infra Engineering IPO — date, price band, lot size & details 2018
H.G. Infra Engineering listed on 9 Mar 2018 at ₹270, flat to the ₹270 issue price.
H.G. Infra Engineering is a Jaipur based road construction company building highways, bridges and flyovers on an EPC basis. Its total income was Rs 973.97 crore in FY2017.
Stock price
H.G. Infra Engineering is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 26 Feb 2018
- Close 28 Feb 2018
- Allotment 06 Mar 2018
- Refund/credit 07 Mar 2018
- Listing 09 Mar 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 28 Feb, 2018 |
|---|---|
| Price Band | ₹263 – ₹270 |
| Face Value | ₹10 |
| Lot Size | 55 Shares |
| Issue Size | ₹462 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,850 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 55 shares at the ₹270 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 55 | ₹14,850 |
| Retail (max) | 13 | 715 | ₹1,93,050 |
| S-HNI (min) | 14 | 770 | ₹2,07,900 |
| S-HNI (max) | 67 | 3,685 | ₹9,94,950 |
| B-HNI (min) | 68 | 3,740 | ₹10,09,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 337.73 crore in FY2015 to Rs 973.97 crore in FY2017.
- 02Profit after tax rose from Rs 9.22 crore in FY2015 to Rs 49.30 crore in FY2017.
- 03Net worth rose from Rs 84.43 crore in FY2015 to Rs 205.17 crore on 30 September 2017.
- 04Rs 115.55 crore of the issue was for repaying debt.
Risks · 5
- 01Total borrowing rose from Rs 55.50 crore in FY2015 to Rs 255.83 crore on 30 September 2017.
- 02Income nearly tripled from Rs 337.73 crore in FY2015, which raises execution risk.
- 03Road contracts depend on government agencies, whose payments and policies can change; total assets were Rs 821.49 crore.
- 04Rs 162.00 crore of the issue went to selling shareholders.
- 05Promoters held 100% before the issue and 73.74% after it.
Three years of numbers
All figures in ₹ crore, as reported in the H.G. Infra Engineering offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 821.49 | 538.02 | 375.39 | 224.97 |
| Total Income | 546.90 | 973.97 | 714.80 | 337.73 |
| Profit After Tax | 29.28 | 49.30 | 30.18 | 9.22 |
| NET Worth | 205.17 | 175.89 | 122.55 | 84.43 |
| Reserves and Surplus | 151.11 | 157.87 | 104.53 | 69.18 |
| Total Borrowing | 255.83 | 156.77 | 87.43 | 55.50 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹277.63 Cr of the issue is earmarked to named objects.
H.G. Infra Engineering IPO Anchor Investors
22 anchor investors across 11 fund houses committed ₹138.60 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It focuses on road projects, including highways, bridges and flyovers.
It provides EPC services on a fixed sum turnkey basis and undertakes civil construction.
The IPO was Rs 462 crore, with Rs 300.00 crore of fresh issue and Rs 162.00 crore of offer for sale, at Rs 270, the top of the Rs 263 to Rs 270 band. The fresh money was for capital equipment and repaying debt.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
H.G. Infra Engineering IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
HDFC Bank Limited
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Precision Camshafts (-11.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of H.G. Infra Engineering?
The current Grey Market Premium is ₹17.5, or 6% over the issue price.
What is the H.G. Infra Engineering IPO price band?
₹263 to ₹270, on a face value of ₹10.
When is the allotment?
The basis of allotment is 6 March 2018, with listing on 9 March 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
