H.G. Infra Engineering Ltd IPO Message Board (Page 15)

SUBJECT TO 1300 AHMEDABAD
FIX 300 RS

BJP is election winning machine. They will put aside every social & administration responsibility, for 6 months now to win upcoming state assembly election.

Every cabinet minister & C. M. will visit these states twice a week to campaign for BJP. Forgetting their state & center problems.

Never seen PM addressing 36 public rallies to win one state election (GUJARAT).

It looks good company
I frequently visit there site in bhilwara
It will give return like au small fin bank

Seeing the fleeing fraudsters, it seem that govt is required to nationalize Pvt airlines instead of privatising air India.

hg infra ipo looks good at this time, apply with full force

h g infra gmp slightly up 29- 31 ..
application rate 350 - 400
subject to also increase 1100-1150..
in some city its 1350- 1400
apply for listing gain..

State-owned defence equipment maker Bharat Dynamics will hit the capital market with its initial public offer by March

issue size 1800 cr.
&
H.A.L issue size 4000 cr.

HAL & Bharat dyn, both companies are reasonably efficient PSUs. Let us hope that after muted response to PSU insurance companies, gov will leave at least now leave something on table for IPO investors, though last four years tell us that we shouldn''t be too hopeful.

H. G. INFRA

SUB TO 1250/- @ AHMEDABAD

FIX 350/- FOR MINIMUM LOT.

THANKS

H G Infra :
Don''t apply. Many good options available in secondary market for Infra Space like Sadbhav engineering, Sadbhav Infra, PSP Projects etc.

Market always respect new company....nayi bahu 4 din...........samaj gaye

Agree uchit.

Market is much more intelligent than all of us. Use pahle se hi pata hota hai ki,ghar mein jo nai lady aai hai (figuratively) , woh bahu hai .....yaha... ...........
Use waisi hi value market deta hai. Aaj Kal ke jamane mein aam admi differentiate nahi kar paata hai aur dhokha khata hai.

Sembcorp Energy India, an independent power producer, today filed draft papers with capital markets regulator Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company, which has thermal and renewable power assets in India, is promoted by the Singapore Exchange-listed Sembcorp Industries.

The IPO comprises fresh issue of shares worth up to Rs 4,095 crore and an offer for sale (OFS) of up to 146,774,194 equity scrips by the existing shareholders, draft papers filed with SEBI showed. This includes sale of 128,941,129 shares by Sembcorp Utilities and up to 17,833,065 equity scrips Gayatri Energy Ventures.

Proceeds from the issue will be utilised towards repayment of certain indebtedness, and for other general corporate purposes, the company said. Axis Capital Credit Suisse Securities (India), CLSA India, and SBI Capital Markets are global co-ordinators and book running lead managers to the offer, while IndusInd Bank is the merchant banker to the public issue.

Sembcorp Energy identifies, develop and operate power generation assets across the thermal and renewable power sectors in India. As of December, 2017, the company had a total power generation capacity of about 4.07 GW, comprising 3.57 GW of operating generation capacity and 0.50 GW of generating capacity under construction

@gamble
Eagerly waiting for your opinion..

H G Infra GMP improved .
Many trades r taking place @ 30+ gmp.

RSEC Analysis (copy-paste)

HG Infra Engineering - IPO Note - Promising Growth Opportunity on Infra Push

HG Infra Engineering (HGIE), based at Jaipur, is a construction company primarily engaged in EPC, Civil Construction works and related infrastructure projects on item rate and lump sum basis. Roads & Highways segment has been a key area of operation for HGIE and forms a dominant portion of its total order book. It has also forayed into water pipeline projects and is currently undertaking two water supply projects in Rajasthan on turnkey basis. Its order book has witnessed an exponential growth of 94% CAGR over FY15-FY17 and current order book stands at Rs37bn, which is 3.8x FY17 revenue and offers strong growth visibility. Further, the financials of HGIE have been steady over the years with 30-40 days of Working Capital Cycle and robust return ratios. With a view to improving its financial health in order to bid more and enhance order book size, HGIE is coming out with an Initial Public Offering to raise up to Rs4.62bn (including OFS of Rs1.62bn).

Proven Track Record of Successful Executions
Since inception, HGIE has been maintaining a healthy track record of successful execution of diverse mix of construction projects over last 14 years. Notably, the Company has executed 13 projects having contract value of ~Rs400mn each in roads and highways sector over last 5 years. We believe that HGIE’s execution capability is likely to remain excellent, as it is not relatively exposed to land acquisition and other external risks.

Impressive Order Book Growth Bodes Well
Consistent improvement in execution expertise along with improvement in technical and financial pre-qualification criteria enabled HGIE to grow its order book exponentially to Rs40bn in FY17 from Rs11bn in FY15 (94% CAGR). HGIE is currently pre-qualified to bid for Roads & Highway projects of NHAI and Ministry of Road Transport & Highways worth up to Rs8bn on in own. Its current order book at Rs37bn (3.8x of FY17 revenue) provides a healthy revenue visibility, in our view.

Diversification into Water Pipeline Segment Augurs Well
While HGIE has proven its expertise in Roads & Highway segment by successfully executing various projects over the years, it has diversified into water pipeline segment and is currently undertaking 2 water supply projects on turnkey basis in Rajasthan. Renewed thrust of the Government on both the segments offers enormous opportunities for HGIE. While the opportunities in Roads & Highways segments are already visible, we may see a robust ordering from irrigation, waterways and development of smart cities, going forward.

Outlook & Valuation
Though valuation at 36x FY17 diluted EPS appears to be expensive, Considering HGIE’s current order book (3.8xFY17 revenue), we believe that it can potentially witness an earning CAGR of over ~35% and strong return ratio through FY17-FY20E. Considering the promising growth ahead, HGIE’s PEG ratio is likely to be below 1x in at upper price band, which offers valuation comforts for the serious investors. Hence, we recommend SUBSCRIBE to the issue.

No change in gme.. today gme 26.50 - 28.50..subject to 850- 900....,application rate 300 but not active

Do u deal in grey market

Ahmadabad subject to 1100-1200

Subject to 1200 in Ahmadabad..!! Apply and Happy

Subject to 1000 HG Ahmedabad..!! WOW

H G Infra and Engineering Ltd. (HGIEL) is an infrastructure construction, development and management company with extensive experience in road projects, including highways, bridges and flyovers. Its main business is providing engineering, procurement and construction (EPC) services on a fixed-sum turnkey basis. HGIEL is predominantly a regional player with focus on Maharashtra (51% of total order book) and Rajasthan (45%).

Established EPC player with strong execution capabilities: HGIEL has a track record of 14 years in EPC, particularly in the roads & highways sector. Over the last 5 years, it has executed 13 projects above the contract value of INR 400 mn in the roads segment. HGIEL is pre-qualified to bid for NHAI & MoRTH projects worth INR 8066 mn on a standalone basis.

Strong revenue visibility through growing order book: HGIEL''s order book has grown 3.8x, from INR 10,677 mn in FY15 to INR 40,191 mn in FY17. Given its healthy order book as of Nov''17 (INR 37,078 mn, 3.5x FY17 revenue) and strong outlook from NHAI (8,800 km projects worth INR 1400 bn - to be finalized by Mar''18) the revenue visibility for the company looks promising.

Object of Issue: The offer consists of a fresh issue of INR 3,000 mn and an offer for sale (OFS) by promoters of INR 1,620 mn (9% equity post issue market cap). The proceeds from the fresh issue will be used to purchase capital equipment (INR 900 mn), repayment/prepayment of debt (INR 1,155 mn) and general corporate purposes (INR 945 mn).

Valuation: HGIEL is a strong EPC player in the road sector with an excellent track record. It''s strength lies in a) large fleet of in house equipment so as to ensure timely execution of projects, b) one of the leanest working capital profile in the industry of 35 days vs. industry average of ~100 days; c) one of the highest return ratios in the construction space d) superior balance sheet with D/E ratio 0.3x post issue. At the higher end of price band, the issue is valued at 33x FY17 EPS (post dilution), which appears attractively priced considering the above factors. Hence recommend SUBSCRIBE for long term investment.

Subject to HG 800 in Ahmadabad.. Looks good now as market is stable and being a good constant result..!!

Ahmedabad headquartered. John Energy, has filed draft papers with Sebi to raise an estimated Rs350 crore through an IPO
The IPO comprises fresh issuance of shares worth Rs218 crore and an offer-for-sale of up to 16,77,744 scrips by the existing shareholders

Dear abc xyz,
John Energy going to list with bang. Because Rakesh Jhunjhunwala had a stake of 16% and icici bank 4.8%.

Every John, Janardan & Javed are coming with ipo nowadays.

Zee learn , Mt educare which is better to buy?