H.F. Infra Engineering Ltd IPO Details

About Company

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.

 HGIEL has completed 13 large projects in the roads and highways sector aggregating to a total contract value of Rs 16,748.94 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. As of now company has 21 ongoing projects in the roads and highways sector.

HGIEL is pre-qualified to bid independently on an annual basis for bids by NHAI and MoRTH. HGIEL's public sector clients include NHAI, PWD, MES and Jaipur Development Authority.

Company Promoters

1.       Mr. Harendra Singh

2.       Mr. Vijendra Singh

3.       Mr. Girish Pal Singh

Company financial

(Rs in millions)

Registrar to the issue

1.      Link Intime India Private Limited

Lead Managers

1.      HDFC Bank Limited

2.      SBI Capital Markets Limited

Objects of the Issue:

The Offer comprises a Fresh Issue of Rs 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.

c.       General corporate purposes.

Risk factors

1.    This being the first public issue of our Company, there has been no formal market for the Equity Shares.

2.  Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in the Offer unless they can afford to take the risk of losing their investment.