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IPO: H G Infra Engineering Limited

Company & Business Profile

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.

Objects of the Issue

The net proceeds of the fresh issue are proposed to be utilized by the Company for the following objects:
1. Purchasing capital equipment;
2. Repayment/prepayment in part or in full, of certain indebtedness; and
3. General corporate purposes.

Listing:

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Apply in IPO now in ASBA mode, to apply call us at 91-7024471019.

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