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Deepak Builders & Engineers IPO is a book built issue of 1.28 crore shares. The issue is a combination of fresh issue of 1.07 crore shares and offer for sale of 0.21 crore shares.
Deepak Builders & Engineers IPO opens for subscription on October 21, 2024 and closes on October 23, 2024. The allotment for the Deepak Builders & Engineers IPO is expected to be finalized on Thursday, October 24, 2024. Deepak Builders & Engineers IPO will list on BSE, NSE with tentative listing date fixed as Monday, October 28, 2024.
Deepak Builders & Engineers IPO price bands are yet to be announced.
Fedex Securities�Pvt Ltd is the book running lead manager of the Deepak Builders & Engineers IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Deepak Builders & Engineers IPO RHP for detailed information.
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 12,810,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 10,700,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 2,110,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,880,860 |
| Share holding post issue | 46,580,860 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Deepak Builders & Engineers IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | Monday, October 21, 2024 |
| IPO Close Date | Wednesday, October 23, 2024 |
| Basis of Allotment | Thursday, October 24, 2024 |
| Initiation of Refunds | Friday, October 25, 2024 |
| Credit of Shares to Demat | Friday, October 25, 2024 |
| Listing Date | Monday, October 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
The Promoters of the Company are Deepak Kumar Singal and Sunita Singal.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in September 2017, Deepak Builders & Engineers India Limited is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities.
The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.
The company's business can be categorized into the following verticals:
The company has completed construction and infrastructure projects in four states of India - Punjab, Haryana, Rajasthan, Uttarakhand - and two Union Territories - Chandigarh and the National Capital Territory of Delhi.
The company manages twelve projects, including seven EPC projects and five item rate/percentage rate contracts. Within the ongoing projects, the construction portfolio consists of four hospital and medical college projects, one administrative & and institutional building, and one industrial building. The infrastructure projects include four projects focused on upgrading, developing, and redeveloping railway stations and related work, as well as two road and bridge projects related to rail over bridges.
As of June 30, 2024, the company's order book amounts are as follows: Rs 13,803.89 million for Fiscal 2024, Rs 11,126.88 million for Fiscal 2023, and Rs 16,578.79 million for Fiscal 2022, and Rs 7,196.32 million for Fiscal 2021.
The company has experience in executing projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur, Punjab; Heritage Walk at Golden Temple Corridor, Amritsar, Punjab; and fire ramps in specialized steel structures at AIIMS, Delhi.
Competitive Strength
As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.
Deepak Builders & Engineers India Limited's revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROE | 8.86% |
| ROCE | 8.76% |
| Debt/Equity | 0.91 |
| RoNW | 9.57% |
| PAT Margin (%) | 13.52 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Deepak Builders & Engineers India Limited
Ahluwalia Chambers, 1st Floor
Plot No. 16 &17, Local Shopping Centre
Madangir, near Pushpa Bhawan, South Delhi- 110062
Phone: +91 9875909242
Email: investor@deepakbuilders.co.in
Website: https://www.deepakbuilders.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: deepakbuilders.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Deepak Builders & Engineers IPO is a main-board IPO of 12,810,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The IPO opens on October 21, 2024, and closes on October 23, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Deepak Builders & Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Deepak Builders & Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deepak Builders & Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deepak Builders & Engineers IPO opens on October 21, 2024 and closes on October 23, 2024.
Deepak Builders & Engineers IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Deepak Builders & Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Deepak Builders & Engineers IPO will be done on Thursday, October 24, 2024, and the allotted shares will be credited to your demat account by Friday, October 25, 2024. Check the Deepak Builders & Engineers IPO allotment status.
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