Neccon Power & Infra IPO – Dates, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 18, 2022Let’s have a detailed review of the company and analytics of the Neccon Power & Infra IPO release date, IPO offer price, subscription, Neccon Power & Infra IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | NA |
| Listing At | BSE SME |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs [●] Lakhs |
| Fresh Issue | Rs [●] Lakhs |
| IPO Size | Rs [●] Lakhs |
| Tick Size | Rs.1 |
Neccon Power & Infra IPO is listed at [●] premium. Check out the live share price by clicking on the below link.
| Neccon Power & Infra Share Price – Live Performance |
Summary of Neccon Power & Infra Limited IPO
Neccon Power & Infra Limited is a company engaged in power transmission and distribution sector. They provide engineering, procurement and construction (“EPC”) services, undertake turnkey projects and are also manufacturers of overhead conductors (“OC”), ground wires and galvanized iron wires (“GI Wires”) that are majorly utilized in laying of power transmission and distribution lines. The Company have over the years emerged as an integrated organization for construction of transmission and distribution lines, sub-stations and gas-insulated sub-stations under EPC / turnkey projects, especially in the north-eastern region of India .
The Promoter of this company is (i) Dr. Murlidhar Khetan, (ii) Jaiprakash Khetan, (iii) Basant Kumar Khetan and (iv) Pradeep Kumar. The lead manager to the issue is PL Capital Markets Private Limited and the Registrar to this issue is Link Intime India Private Limited.
Neccon Power & Infra IPO Date
The opening and the closing date of Neccon Power & Infra Limited IPO is not known yet.
Neccon Power & Infra IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Neccon Power & Infra IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.
Neccon Power & Infra IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Neccon Power & Infra IPO Price Band / Cash Price
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Neccon Power & Infra IPO Equity Share Offering
This Initial Public Issue of 30,00,000 Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.
Neccon Power & Infra IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,
Issue Size: 30,00,000 Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs
Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.
Neccon Power & Infra IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Neccon Power & Infra Share Price |
Neccon Power & Infra IPO Grey Market Premium
The Neccon Power & Infra Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Neccon Power & Infra Limited – Company Overview
Neccon Power & Infra Limited is a company engaged in power transmission and distribution sector. They provide engineering, procurement and construction (“EPC”) services, undertake turnkey projects and are also manufacturers of overhead conductors (“OC”), ground wires and galvanized iron wires (“GI Wires”) that are majorly utilized in laying of power transmission and distribution lines. The Company have over the years emerged as an integrated organization for construction of transmission and distribution lines, sub-stations and gas-insulated sub-stations under EPC / turnkey projects, especially in the north-eastern region of India .
The Company have over the years emerged as an integrated organization for construction of transmission and distribution lines, sub-stations and gas-insulated sub-stations under EPC / turnkey projects, especially in the north-eastern region of India. They have also setup a wind energy based power plant with an electricity generation capacity of 1.50 MW at Akal, Jaisalmer (Rajasthan), with a view to further entrench ourselves in the power sector. They manufacture OCs such as: AAAC conductor, AAC conductor, ACSR conductor and conductors for 765 KV / 800 KV HVDC, ground wires and GI Wires.
The Company is promoted by Mr. (i) Dr. Murlidhar Khetan, (ii) Jaiprakash Khetan, (iii) Basant Kumar Khetan and (iv) Pradeep Kumar Khetan and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Neccon Power & Infra Limited :
- Track record of organic growth and established manufacturing facilities
- Vast experience in manufacturing of Ocs and execution of EPC / turnkey projects in the northeast region of India.
- Strong customer relationship with many state power utilities of India.
- Experience in handling EPC / turnkey projects in the power sector on difficult terrain like northeast India
- Broad portfolio of products and projects / services
- Experienced management team and skilled workforce
- Efficient infrastructure and resource management with strict quality control standards
Neccon Power & Infra Limited – Financial Statements
A quick look into the past financial performance of the company is to understand its performance of business and evaluate the growth prospectus.
Financial Summary:
| Amount (in INR & Millions) | |||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 4,465.53 | 4,374.54 | 3,261.02 |
| Total Revenue | 4,332.62 | 3,923.41 | 3,831.50 |
| Total Expense | 4,050.62 | 3,728.21 | 3,672.15 |
| Profit After Tax | 181.81 | 124.63 | 91.04 |
Earnings per Equity Share (in Millions)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 4.77 | 3.87 | 2.83 |
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- Total revenue increased by Rs. 409.21 Millions i.e. 10.42% from Rs. 3,923.41 Millions in the fiscal year ended March 31, 2017 to Rs. 4,332.62 Millions in the fiscal year ended March 31, 2018. Total revenue increased by Rs. 91.91 Millions i.e. 2.39% from Rs. 3,831.50 Millions in the fiscal year ended March 31, 2016 to Rs. 3,923.41 Millions in the fiscal year ended March 31, 2017.
- For the Fiscals 2018, 2017 and 2016, the revenue from operations was Rs. 4,332.62 Millions, Rs.3,923.41 Millions and Rs. 3,831.50 Millions respectively.
- In Fiscals 2018, 2017 and 2016, they recorded EBITDA of Rs. 282.00 Millions, Rs. 195.19 Millions
and Rs. 159.35 Millions, respectively. - Net Profit has increased by Rs. 57.18 Millions i.e. 45.87 % from Rs. 124.63 Millions in the fiscal year ended March 31, 2017 to profit of Rs. 181.81 Millions in the fiscal year ended March 31, 2018. Net profit after tax has increased due to increase in overall income of the Company. It has increased by Rs. Millions i.e. 36.89% from profit of Rs 91.04 Millions in the fiscal year ended March 31, 2016 to profit of Rs. 124.63 Millions in the fiscal year ended March 31, 2017. Net profit after tax has decreased due to decrease in revenue from operation of Company.
Neccon Power & Infra IPO – Promoters
The Promoter of this company is: Dr. Murlidhar Khetan, Jaiprakash Khetan, (iii) Basant Kumar Khetan and (iv) Pradeep Kumar
List of Related Parties (Key Managerial Personnel)
- Nanuram Prajapat
- Richeeta Somani
- Tika Ram Sharma
- Ranjana Khetan
- Sneha Khetan
Business strategies of Neccon Power & Infra Limited :
- Continue to enhance their core strengths – execution capability
- Grow in power sector and infrastructure business with focus on north-east region of India
- Focus on rationalizing their indebtedness
- Build upon our synergistic position in infrastructure development
Neccon Power & Infra IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 12,700,000 Equity Shares aggregating up to Rs.[●] million |
| Of which: | |
| Reserved for Market Makers | Up to [●] Equity Shares |
| Net Issue to the Public | Up to [●] Equity Shares |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Non-Retail Investors Portion | Not less than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 38,090,533 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Neccon Power & Infra IPO Issue Object
These are the IPO Issue Objects of the company
- To meet additional working capital requirement of their Company
- General corporate purposes*
Neccon Power & Infra IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Track record of organic growth and established manufacturing facilities;
- Vast experience in execution of EPC / turnkey projects in the north-east region of India. Our Company is currently executing 51 ongoing EPC / turnkey projects for a total contract value amounting to Rs.16,883.00 million of which the balance outstanding amount is Rs.8,720.30 million, which is contracted to be completed by March 2021;
- Vast experience in manufacturing of OCs. Our Company is currently executing 16 contracts for supply of OCs for a total contract value of Rs.4,526.11 million of which the balance outstanding amount is Rs.820.86 million, which is contracted to be completed by March 2020;
- Strong customer relationship with many state power utilities of India;
- Experience in handling EPC/ turnkey projects in the power sector in difficult terrain like northeast India;
- Broad portfolio of products and projects / services;
- Experienced management team and skilled workforce;
- Efficient infrastructure and resource management with strict quality control standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 2.83 | 6.79 | 41.06 |
| 31-Mar-17 | 3.87 | 7.28 | 53.07 |
| 31-Mar-18 | 4.77 | 9.61 | 49.68 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio |
| KEC International Limited | 2 | 16.73 | 18.36 |
| Techno Electric & Engineering Company Limited | 2 | 11.64 | 20.80 |
| Kalpataru Power Transmission Limited | 2 | 20.98 | 15.73 |
| Apar Industries Limited | 10 | 37.64 | 16.36 |
Neccon Power & Infra IPO Lead Managers
| Lead Managers |
| PL CAPITAL MARKETS PRIVATE LIMITED 3rd Floor, Sadhana House, 570, P. B. Marg, Worli, Mumbai – 400 018, Maharashtra Telephone: +91 22 6632 2222 Facsimile: +91 22 6632 2229 Email: necconipo@plindia.com Website: www.plindia.com Investor Grievance Email: grievance-mbd@plindia.com Contact Person: Gunjan Jain / Rohan Menon SEBI Registration Number: INM000011237 |
Neccon Power & Infra IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 247 Park, L.B.S Marg, Vikhroli West, Mumbai – 400 083, Maharashtra Telephone:+9122 4918 6200 Facsimile: +91 22 4918 6195 Email: neccon.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance Email: neccon.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration Number: INR000004058 |
Other Details:
- Statutory Auditor – Borkar & Muzumdar, Chartered Accountants
- Peer Review Auditor – M/s VAPS & CO, Chartered Accountants
- Bankers to the Company – Indian Bank ,Bank Of Baroda , Punjab National Bank
Neccon Power & Infra IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Neccon Power & Infra IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
Neccon Power & Infra IPO Review FAQs
Ques – What is the Issue Size of Neccon Power & Infra IPO?
Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.
Ques – What is the Price band?
Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Neccon Power & Infra IPO Open Date?
Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
Ques – What is the IPO Allotment Date?
Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.
Ques – What is the IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.
Ques – Who is the Registrar of this IPO?
Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.
Ques – Who is the Promoter of this Company?
Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is GMP of Neccon Power & Infra IPO?
Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Neccon Power & Infra IPO good for Investment?
Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of this Company?
Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.
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