HG Infra Engineering is coming out with an initial public offering (IPO) to raise Rs 462 crore. The issue will open on February 26, 2018 and will close on February 28, 2018. It has fixed a price band of Rs 263-270 per share. The shares of the company are proposed to be listed on NSE and BSE.
The funds raised through the issue will be used towards purchasing capital equipment, repayment of debt and general corporate purposes. SBI Capital Markets and HDFC Bank are the book running lead managers to the offer.
H G Infra Engineering was founded in 2003. The company's line of business includes providing general contracting services such as constructing heavy construction projects.
