S. G. Encon Ltd. IPO Details
S. G. Encon was incorporated on February 12, 2008. The company provides end-to-end telecommunication infrastructure, construction and underground utility services for sectors including oil & gas, water and sewerage. It mainly earns revenue from telecom O&M services and executes projects across India, with telecom operations focused primarily in North India
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 8.6 M | - | - | ₹0 | DRHP DOC |
SG Encon issue details
SG Encon has 8.6 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
SG Encon IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
SG Encon NUMBER OF SHARES ON OFFER
SG Encon FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 287.0 | 22.9 | -1.8 | -2.1 | 10.8% |
| FY25 | 276.1 | 13.9 | -2.1 | -2.3 | 7.6% |
| FY24 | 233.9 | 9.2 | -2.9 | -3.1 | 5.2% |
SG Encon INFORMATION ON IPO ISSUE
About SG Encon
S. G. Encon was incorporated on February 12, 2008. The company provides end-to-end telecommunication infrastructure, construction and underground utility services for sectors including oil & gas, water and sewerage. It mainly earns revenue from telecom O&M services and executes projects across India, with telecom operations focused primarily in North India
Object of the Issue
- Funding of working capital requirement of the company
- Funding capital expenditure requirements of the company for purchase of machinery or equipment
- General corporate purposes
SG Encon - PROMOTERS
| Name |
|---|
| Rajiv Gandhi |
| Pankaj Setia |
SG Encon - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rajiv Gandhi | Chairperson & Whole-Time Director |
| Pankaj Setia | Managing Director |
| Ravinder Kumar | Executive Director |
| Ashwani Kumar Gulati | Non-Executive Independent Director |
| Gautam Jindal | Non- Executive Independent Director |
| Samridhi Batra | Non- Executive Independent Director |
SG Encon Book Running Lead Manager
Marwadi Chandarana Intermediaries Brokers Private Limited
mb@marwadichandaranagroup.com
SG Encon Registrar to the Offer
MAS Services Limited
ipo@masserv.com
SG Encon Strengths
Integrated services provider
The company provides end-to-end telecom infrastructure services, including O&M, network deployment, fibre rollout, FTTx, RF optimization, commissioning and integration. Its capabilities cover multiple telecom circles and states across India, supporting network deployment, restoration, operations and 5G-related infrastructure
Client relationship
The company has long-standing relationships with national telecom operators, infrastructure companies, commercial establishments and public sector entities, supported by consistent execution, timely delivery and service quality. It also participates in government tenders and provides telecom O&M services to a leading telecom operator across Delhi telecom circles
Diversified across verticals
The company has execution capabilities across telecom, construction and HDD services, covering telecom infrastructure, civil and electrical works, underground utilities and project management. As of March 31, 2026, it had operated and maintained over 79,445 telecom sites and deployed and maintained over 92,002.68 route km of OFC, while also executing underground utility projects
SG Encon Risks
Accidents or mishaps
The company’s operations, particularly telecom O&M services, involve a large workforce exposed to hazards such as heavy machinery, material handling and working at heights. Workplace accidents, including past fatalities, may result in liabilities, regulatory action and reputational damage, adversely affecting its business and financial performance
Competition & expansion risks
The company faces competition from established, regional and local players in telecom infrastructure, construction and underground utility sectors. Competitors with greater resources, technical capabilities, geographic presence or pricing flexibility may create pricing pressure, reduce margins and make it harder to secure new projects
Regulatory risks
The company relies on effective internal controls and compliance systems, which may be affected by human errors, lapses in judgment or evolving risks. Weaknesses in these systems could impact financial reporting, regulatory compliance, investor confidence, business operations and financial condition
IPO FAQs
The promoters of the company are Rajiv Gandhi and Pankaj Setia.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.