The Hindustan Construction Company Ltd date has been confirmed from March 26, 2024 – April 5, 2024.
The Hindustan Construction Company Ltd is a fixed issue size of ₹350.00 Crores. As one of the oldest infrastructure development businesses in India, Hindustan Construction Company is involved in the construction of highways, bridges, ports, railway tunnels, metro projects, power plants, water supply, and irrigation projects.
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Key Details Of Hindustan Construction Company Ltd:
Bidding Dates
Mar 26-Apr 5
Issue Size
₹12.97 Crores
Face Value
₹1 per share
Record Date
March 16, 2024
Hindustan Construction Company Ltd Record Date
The Hindustan Construction Company Ltd Record Date is March 16, 2024.
Hindustan Construction Company Ltd Overview
One of the oldest infrastructure development businesses in India, Hindustan Construction Company is involved in the construction of highways, bridges, ports, railway tunnels, metro projects, power plants, water supply, and irrigation projects. Three verticals—engineering and construction as a single operational sector, infrastructure development, and real estate construction—are the main avenues via which the company conducts business.
The company has completed 14 projects in the engineering and construction and infrastructure development verticals during the last five financial years, with a cumulative executed value of Rs. 6,360.99 crore, as of the six months ended September 30, 2023.
Hindustan Construction Company Ltd Rights Issue Detail
| Issue Open | March 26, 2024 – April 5, 2024 |
| Security Name | Hindustan Construction Company Ltd |
| Issue Size (Shares) | 166,666,666 |
| Issue Size (Amount) | ₹350.00 Crores |
| Issue Price | ₹21 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Terms of Payment | |
| Entitlement | 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date |
Hindustan Construction Company Ltd Financial Information
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 13,179.93 | 14,225.18 |
| Revenue | 9,912.33 | 10,826.46 |
| Profit After Tax | -27.84 | 562.74 |
| Amount in ₹ Crore | ||
Hindustan Construction Company Ltd Timeline
| Last Date to buy shares | March 15, 2024 |
| Record Date | March 16, 2024 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | March 26, 2024 |
| Renunciation of Rights Entitlements | April 2, 2024 |
| Bid/Offer Closes On | April 5, 2024 |
| Deemed Date of Allotment | |
| Credit Date | |
| Listing Date |
Company Profile
Objects of the Issue:
The company intends to utilize the Net Proceeds from the Issue towards funding of the following objects:
- Funding long-term working capital requirements of the Company; and
- General corporate purposes.
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 | Hindustan Construction Company Ltd |
| Phone number | + 91 22 2575 1000 |
| Email ID | [email protected] |
| Website | hccindia.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.
Hindustan Construction Company Ltd FAQs
What is the issue price for Hindustan Construction Company Rights Issue 2024?
Hindustan Construction Company Rights Issue 2024 price is set at ₹21 per share per equity share.
In what ratio is the Hindustan Construction Company Rights Issue 2024 offered?
The eligible shareholders are being offered 13 Rights Equity Share(s) for every 118 fully paid-up Equity Shares held on Record Date (March 16, 2024).
What is the record date for Hindustan Construction Company Rights Issue 2024?
The record date for the Hindustan Construction Company Rights Issue 2024 is March 16, 2024.
What is the issue size of Hindustan Construction Company Rights Issue 2024?
The issue size of Hindustan Construction Company Rights Issue 2024 is of 166,666,666 equity shares at ₹21 per share aggregating upto ₹350.00 Crores.
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