H G Infra Engineering Limited – Completes Anchor Allocation

H G Infra Engineering Limited which is tapping the capita markets with its simultaneous fresh issue and offer for sale completed allocation to anchor investors. The company which is issuing fresh equity worth Rs 300 crs and an offer for sale of Rs 300 crs in a price band of Rs 263-270 allocated 51,33,150 equity shares to 11 anchor investors comprising of 22 entities. The allocation was done at Rs 270.

The highest allocation was done to HDFC mutual fund and DSP Blackrock of 5,99,995 shares a piece or 11.69% of the anchor allocation. The issue opens on Monday the 26th of February and closes on Wednesday the 28th of February. The price earnings multiple of the share is between 26.65 to 27.36 times based on consolidated EPS of Rs 9.87 for the year ended March 2017.

The full list of anchor allotment is given below: –

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