Engineers India Limited has filed its DRHP for its FPO with SEBI. The FPO is an offer for sale by the principal shareholder the government of India and would be for 3,36,93,660 shares of Rs 5 each.

EIL is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services, principally focused on the oil and gas and petrochemicals industries in India and abroad.

The issue is expected to open towards the end of July 2010. It may be of relevance to note that the company had paid a special onetime dividend of Rs 100 per share, issued bonus shares in the ratio of 2 shares for every share held and split the face value of the same from Rs 10 to Rs 5 in May 2010.

The stock of face value of Rs 5 closed at Rs 318.30 yesterday on the BSE. The market cap of the company as at 18th June 2010 is Rs 10,724.69 crs and its net profit for the year ended March 2010 was Rs 435.58 crs on a standalone basis and Rs 440.47 crs on a consolidated basis. translating into a PE multiple of 16.5 times. The government holding as of date is 90.40%.