Neccon Power & Infra IPO – Dates, Allotment, Subscription, GMP & DRHP

Neccon Power & Infra Limited is a company engaged in power transmission and distribution sector. Neccon Power & Infra IPO comprises of 12,700,000 Equity shares, face value of Rs.10 each.

Let’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.


Neccon Power & Infra IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 8.5/10
Industry Ranking 7.8/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.7/10
Financial Statements 7.8/10
Popularity Index 8.4/10
Promoters Reputation 7.7/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 8.1/10
Star Ratings ★★★★☆

Summary of Neccon Power & Infra Limited IPO

 Neccon Power & Infra IPONeccon 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 .

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.

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.


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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
Day 1 
Day 2
Day 3
Day 4
Day 5
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.


Neccon Power & Infra IPO Price Band

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

30,00,000 Equity Shares of Rs 10/- each but Issue Price each fully paid for cash at a price of Rs. 45/- per Equity Share aggregating Rs. 1,350.00 Millions.


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

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 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 the above statements, one could find that the Neccon Power & Infra Limited may perform well.


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

Interest in promotion of the Company

Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

Property Interest

The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

Interest in Intellectual Rights of the Company

Promoters has not shown any interest in acquiring the intellectual rights of the company.


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*

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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

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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:
Website: www.plindia.com
Investor Grievance Email:
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:
Website: www.linkintime.co.in
Investor Grievance Email:
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
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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 Grey Market Premium

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Neccon Power & Infra IPO News

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