HG Infra Ltd IPO Details

H.G. Infra Engineering Limited (HGIEL) is an ISO 9001:2015, ISO 14001:2004,OHSAS 18001:2007 certified construction company engaged primarily in execution of infrastructure sector projects like highways, roads & bridges. Military Engineering Services(MES). The company also executes other civil construction projects like extension & grading of runways, railways & land development. The company has diversified into water pipeline projects also in last few years. HGIEL was founded on 8 June, 2017 (Erstwhile known as HGIEPL which was incorporated in 2003 by our founder promoter Mr. Hodal Singh who has more than 40 years of experience in the construction sector. We are registered as grade 'AA' Class contractor with PWD, Rajasthan & 'SS' Category with Military Engineering Services(MES).

As per financials, company's growth is very good, RoNW is 25.69% for last three fiscals and issue is priced at P/E of around 30 as per latest earnings. Company has reported CAGR of 34% in revenues and 37% in PAT. As Government of India is on mega spending for creating National Highways and this company may get good no of projects from that and company may continue same growth for next 3-5 years. So we give "Apply" rating to this IPO withlong term perspective.

HG Infra Ltd IPO Details
Issue Open	26-02-2018
Issue Close	28-02-2018
Allotment Date	07-03-2018
Unblocked Amount	08-03-2018
Listing Date	09-03-2018
Issue Size	1,71,11,111 Total Equity Share 1,11,11,111 Fresh Equity Share 60,00,000 OFS Equity Share
Issue Size	₹ 462 Cr Total ₹ 300 Cr Fresh ₹ 162 Cr OFS
IPO Price Band	₹ 263 - 270
Minimum Share Bid	55Share
Minimum Investment Amount [Rs]	₹ 14,465 - ₹14850
Face Value	₹ 10
Qualified Institutional Buyer [QIB]	50%
High Networth Individual [HNI]	15%
Retail Individual Investor [RII]	35%
Listing On	BSE NSE
Premium [Per Share]	₹ 30 - 35
Average Earning Per Share	NA
Expected Listing Gain	₹ 1000

HG Infra Ltd IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	325.44	305.40	15.14
FY-2014	473.0	447.2	10.9
FY-2015	367.6	354.1	4.6
FY-2016	743.3	697.1	35.4
FY-2017	1058.6	979.6	53.3
H1-FY-2018	569	524.4	29.3

HG Infra Ltd IPO Subscription Details
As on Date	QIB	NII	RII	Employee	Total
Shared Offred	34,33,647	26,11,027	60,92,396	-	1,21,37,070
Day-1 [26-02-2018]	0 [0]	1,02,905 [0.0394]	8,57,780 [0.15]	- [-]	9,60,685 [0.080]
Day-2 [27-02-2018]	- [-]	1,68,575 [0.0646]	37,99,400 [0.6236]	- [-]	39,67,975 [0.3269]
Day-3 [28-02-2018]	2,87,36,070 [8.37]	1,29,68,945 [4.97]	1,87,44,495 [3.08]	- [-]	6,04,49,510 [4.98]

HG Infra Ltd IPO Valuation Details
Earnings Per Share [EPS]	₹ 9.87
Price/Earnings P/E Ratio	26.64 - 27.35
Return of Net Worth [RoNW]	30.32%
Net Asset Value [NAV]	₹ 32.54 Per Share

HG Infra Ltd IPO Contact Details
HG Infra Engineering Limited  IIIrd Floor, Sheel Mohar Plaza A-1, Tilak Marg, C-Scheme Jaipur 302 001 Phone: +91 141 4106 040 Fax: +91 141 4106 044 Email: cs@hginfra.com Website: www.hginfra.com

Registrar of HG Infra Ltd IPO
LINK INTIME INDIA PRIVATE LIMITED C -13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup (West), Mumbai – 400 078, Maharashtra, India. Tel: +91 22 2596 0320 Fax: +91 22 2596 0329 Email: gsl.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Mr. Sanjog Sud SEBI Registration No.: INR000004058

Lead Managers of HG Infra Ltd IPO

SBI Capital Markets Limited 202, Maker Tower 'E' Cuffe Parade Mumbai 400 005 Maharashtra, India Telephone: (+91 22) 2217 8300 Facsimile: (+91 22) 2218 8332 Email: hgiel.ipo@sbicaps.com Investor Grievance E-mail: investor.relations@sbicaps.com Website: www.sbicaps.com Contact Person: Mr. Aditya Deshpande / Mr. Ronak Shah SEBI Registration No.: INM000003531 HDFC Bank Limited Investment Banking Group Unit No 401 & 402, 4th Floor Tower B Peninsula Business Park Lower Parel Mumbai 400 013 Maharashtra, India Telephone : (+91 22) 3395 8021 Facsimile : (+91 22) 3078 8584 Email: hginfra.ipo@hdfcbank.com Investor Grievance Email: investor.redressal@hdfcbank.com Website: www.hdfcbank.com Contact Person: Mr. Rakesh Bhunatar / Mr. Kunal Datt SEBI Registration No.: INM000011252

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HG Infra Ltd IPO Recommendations
Live IPO Team Recommendation:- Apply