Engineers India files DRHP for FPO

Govt to divest 10%

Public sector undertaking Engineers India Limited (EIL) has filed its Draft Red Herring Prospectus (DRHP) with the regulator SEBI for its Further Public Offer (FPO) of 33,693,660 equity shares of Rs 5 each.

The offer is being made by the President of India, acting through the Ministry of Petroleum and Natural Gas. The offer would constitute a divestment of 10% by the promoter, the President of India and all the proceeds shall go to the promoter.

The offer will be through a 100% book building process. ICICI Securities Limited, HSBC Securities and Capital Markets (India) Pvt Ltd, IDFC Capital Limited and SBI Capital Markets Limited are the Book Running Lead Managers (BRLMs) to the offer.

EIL is an engineering consultancy company providing design, engineering, procurement, construction and integrated project management services, principally focused on the oil and gas and petrochemicals industries in India and abroad.

The company also operates in a diverse set of other sectors like non-ferrous mining and metallurgy and infrastructure, apart from being a primary provider of engineering consultancy services for the Government of India’s energy security initiative under its Integrated Energy Policy for strategic crude storages.

Disclaimer:
Engineers India Limited is proposing to make a public issue of securities and has filed a Draft Red Herring Prospectus (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on SEBI website at www.sebi.gov.in as well as on the websites of the book running lead managers at www.icicisecurities.com, www.hsbc.co.in/1/2/corporate/equities-global-investment-banking, www.idfccapital.com and www.sbicaps.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled “Risk Factors” of the DRHP.

This document is not an offer of securities for sale in the United States or elsewhere.  The shares of the Company are not being registered under the Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States unless registered under the U.S. Securities Act or pursuant to an exemption from such registration.  There will be no public offering of the shares of the Company in the United States.