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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Purchasing Capital Equipment and Machinery
Fund the acquisition of capital equipment and heavy machinery to expand the company's construction fleet.
Prepayment or Repayment of Indebtedness
Prepay or repay certain term loans and working capital credit facilities availed by the company.
General Corporate Purposes
Support general corporate requirements and ongoing business growth expenses.
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(₹ in Crore)
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H.G. Infra Engineering Limited (HGIL) is an Indian infrastructure development and construction enterprise specializing in engineering, procurement, and construction (EPC) services for highway projects, bridges, flyovers, land development, and civil infrastructure. Incorporated in 2003 and headquartered in Jaipur, Rajasthan, the company has grown into a leading highways contractor across northern and central India. The company executes projects primarily for government infrastructure agencies including the National Highways Authority of India (NHAI), Ministry of Road Transport and Highways (MoRTH), Public Works Departments (PWDs), and Tata Projects. Operating an asset-heavy model with a substantial captive fleet of modern construction equipment, HGIL handles earthwork, pavement, structures, and highway maintenance with end-to-end execution capabilities. With a strong track record of timely project completion and robust order book growth, HGIL continues to expand its geographical footprint across Rajasthan, Haryana, Uttar Pradesh, Maharashtra, and Telangana. The business focuses on leveraging technological automation in fleet management and project monitoring to maintain competitive operational margins.
H.G. Infra Engineering allocated 5,133,150 equity shares to anchor investors at the upper price band of ₹270 per share, raising ₹138.59 crore ahead of the IPO opening.
Source: RHP • Analysis provided for informational purposes
Last Updated: 30 July 2026, 4:03 PM
Established Track Record in Highway Construction
Demonstrates proven EPC execution capabilities with a history of timely completion for major national highway and expressways projects.
Robust Fleet Ownership Model
Owns a modern, extensive fleet of construction equipment and machinery, reducing dependence on third-party hires and optimizing operational costs.
Strong Order Book with Reputed Government Clients
Maintains a diversified order pipeline backed by major public sector authorities such as NHAI and MoRTH.
Geographical and Client Concentration
Significant portion of historical revenue relies on road projects in specific northern Indian states and government road authorities.
Working Capital and Material Price Sensitivity
Performance is susceptible to fluctuations in raw material prices (steel, cement, bitumen) and delays in project milestone payments.
H.G. Infra Engineering Limited
MUFG Intime India Private Limited
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