H.G. Infra Engineering Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the H.G. Infra Engineering Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 17,111,111 equity shares of face value of Rs. 10 each (the "equity shares") of H.G. Infra Engineering Limited (The "company" or the "issuer") for cash at a price of Rs. 270 per equity share (including share premium of t 260 per equity share) (the "offer price") aggregating to Rs. 462.00 crores(the "offer") comprising a fresh issue of 11,111,111 equity shares by our company aggregating to Rs. 300.00 crores (the "fresh issue") and an offer for sale of 6,000,000 equity shares aggregating to Rs. 162.00 million by the selling shareholders, Including 1,000,000 equity shares aggregating to Rs. 27.00 crore by Mr. Harendra Sngh, 1,000,000 equity shares aggregating to Rs. 27.00 crores by Vijendra Singh. 1.000.000 equity shares aggregating to Rs. 27.00 crores by Girish Pal Singh, (together the "promoter selling shareholders") and 3,000,000 equity shares aggregating to Rs. 81.00 crores by mr. Hodal singh (the "promoter group selling shareholder** and together with the "promoter selling shareholdersö as the "selling shareholders") ("offer for sale"). The offer constitutes 26.26% of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is Rs. 270 per equity share, which is 27 times the face value of the equity shares
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Company's revenue from execution of projects in the roads and highways sector constituted approximately 86.00%, 86.02%, 89.57%, 85.95% and 92.89% of its total revenue for the six months ended September 30, 2017 and for the years ended March 31, 2017, 2016, 2015 and 2014, respectively and 95.34% of its standalone revenue in Fiscal 2013. Our business and its financial condition would be materially and adversely affected if it fail to obtain new contracts.
- Delays in the completion of construction of current and future projects could lead to termination of EPC contracts or cost overruns or claims for damages, which could have an adverse effect on its cash flows, business, results of operations and financial condition.
- There are certain outstanding litigation involving Company, which, if determined adversely, may affect its business and operations and its reputation.
- As of November 30, 2017, Company's ongoing projects in Maharashtra, Rajasthan, Arunachal Pradesh, Haryana, Uttar Pradesh and Uttarakhand, constitute 51.13%, 44.59%, 1.51%, 0.55%, 1.19% and 1.03%, respectively, of its Order Book. its business is relatively concentrated in northern and western part of India and any adverse development in these regions may adversely affect its business, results of operations and financial condition.
- Company is required to furnish financial and performance bank guarantees as part of its business. Its inability to arrange such guarantees or the invocation of such guarantees may adversely affect its cash flows and financial condition.