100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4,441.26 Crs.  Total funds raised in 2025

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

100  Total SME IPOs listed in 2025

4441.26 Crs.  Total funds raised in 2,025.00

69  SME IPOs listed with Gain in 2025

31  SME IPOs listed with loss in 2025

HEC Infra Projects Limited IPO Analysis

HEC Infra Projects IPO is a Fixed Price listing on NSE EMERGE exchange, with an ipo size of ₹ 5.39 Cr. The company is based in Ahmedabad and caters to Engineering - EPC sector. Sarthi Capital Advisors is the merchant banker of HEC Infra Projects IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 1st March 2016.

HEC Infra Projects IPO posted revenues of ₹ 113.70 crores and PAT of ₹ 1.28 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 113.20 Cr.
            EBITDA: ₹ 4.76 Cr.
            PAT: ₹ 1.26 Cr.
  • EBITDA Margin: 4.20 %
            Pat Margin: 1.11 %
  • Net Worth: ₹ 12.94 Cr.
  • Market Capitalisation: [●]
  • P/E: 15.00 times
  • P/BV: [●]
  • EV/EBITDA: 3.34 times
Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

HEC Infra IPO Financial Performance (Restated)

Financial results of HEC Infra Projects IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY15 FY14 FY13
Balance Sheet
Assets 67.57 80.45 56.38
Net Worth 12.94 12.31 10.16
Total Debt 18.94 23.97 26.46
Profit & Loss
Revenue
Revenue on annualised basis
56.60 125.01 60.46
EBITDA
EBITDA on annualised basis
2.38 6.93 4.55
PAT
PAT on annualised basis
0.63 2.41 1.01
Financials
FY15
FY14
FY13
Balance Sheet
Assets
67.57
80.45
56.38

Net Worth
12.94
12.31
10.16

Total Debt
18.94
23.97
26.46

Profit & Loss
Revenue
Revenue on annualised basis
56.60
113.20
125.01
60.46

EBITDA
EBITDA on annualised basis
2.38
4.76
6.93
4.55

PAT
PAT on annualised basis
0.63
1.26
2.41
1.01

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

HEC Infra IPO Key performance Indicators (KPI)

HEC Infra Projects IPO PAT Margin is 1.11 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows HEC Infra Projects IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY15 FY14 FY13
EBITDA Margin (%) 4.20 5.54 7.53
PAT Margin (%) 1.11 1.93 1.67
EPS (₹) 16.64 7.24 7.65
ROE (%) 4.87 19.58 9.94
ROCE (%) [●] [●] [●]
ROA (%) 0.93 3.00 1.79
Debt to Equity 1.46 1.95 2.60
Particulars
FY15
FY14
FY13

EBITDA Margin (%)
4.20
5.54
7.53

PAT Margin (%)
1.11
1.93
1.67

EPS (₹)
16.64
7.24
7.65

ROE (%)
4.87
19.58
9.94

ROCE (%)
[●]
[●]
[●]

ROA (%)
0.93
3.00
1.79

Debt to Equity (x)  
1.46
1.95
2.60

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

HEC Infra Projects IPO Valuation Metrics

The market Capitalisation of HEC Infra Projects IPO is ₹ 0.00 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
15.00

P/B (times) :
[●]

NAV (₹) :
82.77

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in HEC Infra prospectus?

The HEC Infra Projects IPO prospectus highlights an Return on Equity (ROE) of 4.87 % , Return on Assets (ROA) of 0.93 %, and an EBITDA Margin of 4.20 %, showcasing financial performance.

How do profitability ratios impact the evaluation of HEC Infra IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows HEC Infra Projects IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for HEC Infra IPO ?

The post-IPO market capitalisation of HEC Infra Projects IPO is ₹ 0.00 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of HEC Infra IPO?

The HEC Infra Projects IPO has a Price-to-Earnings (PE) ratio of 15.00 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of HEC Infra Projects IPO?

HEC Infra Projects IPO reported revenue of ₹ 113.70 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from HEC Infra Projects IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of HEC Infra Projects IPO?

HEC Infra Projects recorded an EBITDA of ₹ 4.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of HEC Infra Projects IPO?

HEC Infra Projects Profit After Tax (PAT) is ₹ 1.26 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 113.20 Cr.
            EBITDA: ₹ 4.76 Cr.
            PAT: ₹ 1.26 Cr.
  • EBITDA Margin: 4.20 %
            Pat Margin: 1.11 %
  • Net Worth: ₹ 12.94 Cr.
  • Market Capitalisation: [●]
  • P/E: 15.00 times
  • P/BV: [●]
  • EV/EBITDA: 3.34 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

HEC Infra Projects operates in Engineering - EPC and Engineering Procurement And Construction. The Issue is listed on NSE EMERGE in Mar, 2016. HEC Infra Projects IPO size was 5.39 with Issue price of 100.00 .

HEC Infra Projects IPO subscription was 0.00 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

HEC Infra Projects IPO listed at a listing price of 97.90 against the offer price of 100.00.

The current market price of HEC Infra Projects is 162.68.

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