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| PRODUCT NOTE |
| ENGINEERS INDIA FPO |
| OPENS ON : 27.07.2010 |
CLOSES ON : 30.07.2010 |
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| Company Details: |
- Engineers India Limited (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India.
- Engineers India have provided a range of engineering consultancy and project implementation services on more than 49 refinery projects, including 8 greenfield refinery projects, 7 petrochemical complexes, 35 oil and gas processing projects, 205 offshore platforms projects, 37 pipeline projects, 11 ports and storage and terminals projects, 8 fertilizer projects and 26 mining and metallurgy projects
- At present Government stake is 90.40 percent in this profitable PSU and after this 10 percent stake offering it will reduce to 80.40 percent.
- EIL has a total employee base of around 3500 employees.
- EIL's quality management systems in respect of its services have been assessed and upgraded to ISO 9001:2000 version.
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| FINANCIALS: as on 31.03.2010 |
Particulars |
Amount (in Rs Mn) |
PBT |
6612.77 |
PAT |
4393.63 |
EPS |
Rs.12.93 |
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| Issue Details: |
| Issue Size |
: |
33,693,660 Equity Shares |
| Face value |
: |
Rs. 5 each |
| Prize Band |
: |
Rs. 270 – 290 |
| Discount |
: |
5 % for Retail and Employees on allotment |
| Exchanges |
: |
NSE & BSE |
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Minimum Lot Size for Retail |
: |
20 Equity Shares |
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
16,490,830 |
| 2. |
Non Institutional |
4,947,249 ** |
| 3. |
Retail |
11,543,581 ** |
| 3. |
Employee |
712,000 |
| Total |
1+2+3+4 |
33,693,660 |
BRLM:
a. ICICI SECURITIES
b. HSBC SECURITIES
c. IDFC CAPITAL
d. SBI CAP
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