The Deepak Builders IPO is set to open on October 21, 2024, and will close on October 23, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹260.04 crores. The IPO includes a fresh issue of ₹217.21 crores and an offer for sale of up to 2,110,000 equity shares, each with a face value of ₹10.
Table of Contents
IPO Overview
Overview Points | Description |
---|---|
Company Name | Deepak Builders Limted |
Industry | Construction and Engineering |
IPO Issue Type | Book Built Issue |
Open Date | October 21, 2024 |
Close Date | October 23, 2024 |
Total Issue Size | ₹260.04 Crores(12,810,000 Equity Shares) |
Fresh Issue | ₹217.21 Crores(10,700,000 Equity Shares) |
Face Value | ₹10 Per Equity Share |
Price Band | ₹192 to ₹203 per share |
Listing on | BSE & NSE |
Lot Size | 73 Shares |
Offer for Sale | ₹42.83 Crores(2,110,000 Equity Shares) |
Shares Offered to Retail | 35% |
Shares Offered to QIB | 50% |
Shares Offered to HNI | 15% |
Company Details
Deepak Builders & Engineers India Limited, founded in 2017 in Punjab, specializes in engineering and construction, focusing on hospitals, medical colleges, industrial buildings, and administrative and institutional structures. With a growing project portfolio, the company has increased its bidding and execution capabilities. So far, it has successfully completed 16 projects, including the Jung-e-Azadi memorial in Kartarpur, Jalandhar, and other works across Punjab, totaling a contract value of ₹2,183.60 million. The company is also engaged in domestic construction projects and employs a skilled team of 642 full-time professionals committed to customer satisfaction.
Key Dates
Events | Date |
---|---|
IPO Open Date | October 21, 2024 |
IPO Close Date | October 23, 2024 |
Basis of Allotment | October 24, 2024 |
Refunds | October 25, 2024 |
Credit to Demat Account | October 25, 2024 |
IPO Listing Date | October 28, 2024 |
Financials (₹ in Crores)
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets | ₹641.1 | ₹558.75 | ₹449.3 | ₹322.18 |
Revenue | ₹106.34 | ₹516.74 | ₹435.46 | ₹364.99 |
Profit After Tax | ₹14.21 | ₹60.41 | ₹21.4 | ₹17.66 |
Net Worth | ₹155.81 | ₹141.25 | ₹89.35 | ₹70.34 |
Reserves and Surplus | ₹138.23 | ₹124.22 | ₹64.66 | ₹48.84 |
Total Borrowing | ₹153.17 | ₹153.04 | ₹96.57 | ₹79.65 |
IPO Lot Size
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 73 | ₹14,819 |
Retail (Max) | 13 | 949 | ₹192,647 |
S-HNI (Min) | 14 | 1,022 | ₹207,466 |
B-HNI (Min) | 68 | 4,964 | ₹1,007,692 |
The objective of the Issue
- Repayment or partial prepayment of certain company borrowings, funding working capital needs, and general corporate purposes.
Company Promoters
- Mr. Deepak Kumar Singal
- Mrs. Sunita Singal
Deepak Builders IPO GMP (Grey Market Premium)
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Deepak Builders IPO Application Form PDF
To download the Deepak Builders IPO registration form, simply go to IPO forms. You can also download a PDF file of ASBA’s IPO form.
Deepak Builders IPO Subscription Status
This IPO subscription kicks off on October 21, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Deepak Builders IPO Allotment Status
To check the allotment status, please visit the KFin Technologies website or go to the Allotment Status page.
As well as checking the sales status, first follow the steps below:
- Firstly, access the link given above.
- Second, choose or name the company.
- Then enter your PAN number and beneficiary number. Registration number or CAF number
- Finally, submit details to receive distribution status.
IPO Review
Strengths:
- Deepak Builders and Engineers India Limited has completed 76 construction and infrastructure projects, solidifying its market presence.
- As a Class I (Super) Contractor, it can independently bid for projects worth up to ₹6,500 million, reflecting its strong government clientele.
- The company owns 397 major construction machines (as of February 2024), minimizing reliance on external providers and ensuring efficient project execution.
- From FY 2021 to FY 2023, the company demonstrated strong growth, with revenue increasing at a CAGR of 19.81% and maintaining consistent profitability.
Risks:
- Deepak Builders faces risks due to its dependence on government contracts, where policy changes can lead to project delays or cancellations, significantly affecting financial results.
- Its focus on large-scale projects also poses risks, as delays or complications could lead to cost overruns and reduce profitability.
- Geographical concentration in Punjab makes the company vulnerable to regional policy changes and economic fluctuations that may disrupt operations.
- Additionally, revenue dependence on a few key clients increases the risk of financial instability if business from these clients decreases.
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:+91 40 6716 2222
E-mail: deepakbuilders.ipo@kfintech.com
Website: www.kfintech.com
IPO Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Deepak Builders Contact
DEEPAK BUILDERS AND ENGINEERS INDIA LIMITED
Near Lodhi Club, Shaheed Bhagat Singh
Nagar, Ludhiana, Punjab – 141 012, India
Phone: +91 98759 09242
Email: investor@deepakbuilders.co.in
Website: www.deepakbuilders.co.in
FAQs
What is Deepak Builders & Engineers India Limited’s IPO?
The Deepak Builders & Engineers India IPO is a book-built offering, with the price range and exact details yet to be announced.
When will the Deepak Builders & Engineers IPO open?
The IPO will open on October 21, 2024, and close on October 23, 2024.
How many shares are reserved for HNIs and retail investors in the Deepak Builders & Engineers IPO?
The allocation is divided as follows: QIB – 50%, NII – 15%, and Retail – 35%.
When is the allotment for Deepak Builders & Engineers IPO?
The finalization of the basis of allotment will occur on Thursday, October 24, 2024.
What is the lot size for Deepak Builders & Engineers IPO?
The lot size for the IPO is 73 shares, with a minimum investment of ₹14,819.
For the latest updates on the GMP of IPOs, including GMP on IPO and IPO allotment status, visit IPOGMP.IN. Stay updated with real-time insights on the GMP of Deepak Builders IPO to help you make informed investment decisions.
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