Monday, February 26, 2018

IPO ANALYSIS : H.G. INFRA ENGINEERING LIMITED - EXPENSIVE - AVOID


Issue Details :

Issue opens  / closes on
26-02 / 28-02-2018
Issue size
Rs 300 Cr + OFS of 60 lacs shares
Face value
Rs 10
Price
Rs 263 -270
Promoters
HARENDRA SINGH, MR. VIJENDRA SINGH AND MR. GIRISH PAL SINGH
Business
Construction / EPC/ Infra
Listings
Bse, Nse
BRLM
HDFC Bank, SBI Caps
Registrar
Link Intime


BUSINESS :


The enterprise is an  infrastructure construction, development and management company with extensive experience in our focus area of road projects, including highways, bridges and flyovers. The main business operations includes EPC  projects / services on a fixed-sum turnkey basis and  undertaking civil construction and related infrastructure projects on item rate and lump sum basis, primarily in the roads and highway sector. In the past five years, the company has executed more than 13 projects worth over Rs 40 crore in the roads and highways segment.

The offer is made around 33 PE, which is expensive compared to listed peers.

Avoid the IPO.

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