Friday, 9 March 2018

HG Infra Engineering Ltd’s IPO opens flat on the BSE at Rs270 per share

HG Infra Engineering Ltd’s is listed at Rs270 per share, without any premium to its upper price band of Rs270 per share.

The issue was subscribed around 5 times on the final day of its bidding process.

HG Infra Engineering Ltd (HG Infra) is an infrastructure construction, development and management company with extensive experience in road projects (highways, bridges and flyovers). Its operations include providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis. 

Moreover, civil construction and related infrastructure projects are on item rate and lumpsum basis (primarily in roads and highway sector). As of November 30, 2017, the company’s order book was worth Rs3,708cr. Government contracts accounted for 67.7% and private 32.3% of the order book. Geography wise, Maharashtra accounted for 51.1% and Rajasthan 44.6% of order book.

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