The HG Infra IPO date has been confirmed from February 26, 2018 and ended on February 28, 2018.
Using an IPO, HG Infra is seeking to raise Rs 462.00 crores. Its price band is set at ₹263 to ₹270 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,850.
Key Details Of HG Infra IPO
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Bidding Dates
February 26-28
Price Range
₹263 to ₹270 per share
Face Value
₹10 per share
GMP
₹848.50
HG Infra IPO GMP
The HG Infra Limited IPO GMP Today is ₹848.50.
HG Infra IPO Overview
The HG Infra IPO is a book-built offering worth Rs 462.00 crores. The offering consists of a fresh issue of Rs 300.00 crore and an offer to sell 0.6 crore shares. Bidding for the HG Infra IPO began on February 26, 2018 and finished on February 28, 2018. On Tuesday, March 6, 2018, the allotment for the HG Infra IPO was completed. On March 9, 2018, the shares were listed on the BSE and NSE. The pricing range for the HG Infra IPO is ₹263 to 270 per share. An application requires a minimum lot size of 55 Shares.
HGIEL is pre-qualified to bid independently on NHAI and MoRTH bids on an annual basis. NHAI, PWD, MES, and Jaipur Development Authority are among HGIEL’s public sector clients. Retail investors must make a minimum investment of ₹14,850.
HG Infra IPO Details
| IPO Date | February 26, 2018 to February 28, 2018 |
| Listing Date | March 9, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹263 to ₹270 per share |
| Lot Size | 55 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹462.00 Cr) |
| Fresh Issue | [.] shares (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 |
HG Infra Company Financials
| 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 | |
HG Infra IPO Timeline
| IPO Open Date | Monday, February 26, 2018 |
| IPO Close Date | Wednesday, February 28, 2018 |
| Basis of Allotment | Tuesday, March 6, 2018 |
| Initiation of Refunds | Wednesday, March 7, 2018 |
| Credit of Shares to Demat | Thursday, March 8, 2018 |
| Listing Date | Friday, March 9, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 28, 2018 |
Company Profile
H.G. Infra Engineering Ltd (HGIEL) is a Jaipur, Rajasthan-based infrastructure building, development, and management firm that was founded in 2003. The company’s primary concentration is on road projects such as highways, bridges, and flyovers. The major business operations of the company include providing engineering, procurement, and construction (EPC) services on a fixed-sum turnkey basis, as well as undertaking civil construction and related infrastructure projects. HGIEL also works on water pipeline projects and currently has two water supply projects in
Rajasthan. HGIEL has completed 13 large projects in the roads and highways sector totaling Rs 16,748.94 million in contract value, which included the construction, improvement, widening, and strengthening of two and four lane highways, the construction of a high level bridge, and the construction of earthen embankments, culverts, and cart track underpasses.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | H.G. Infra Engineering Ltd |
| Phone number | +91 141 4106040 |
| Email ID | [email protected] |
| Website | hginfra.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
HG Infra IPO FAQs
What is HG Infra IPO?
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 February 26, 2018, and closes on February 28, 2018.
When HG Infra IPO will open?
The HG Infra IPO opens on February 26, 2018 and closes on February 28, 2018.
When is HG Infra IPO listing date?
The HG Infra IPO listing date is on March 9, 2018.
