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Dinesh Engineers IPO is a book built issue of Rs 185.00 crores.
Dinesh Engineers IPO bidding started from September 28, 2018 and ended on October 3, 2018. The allotment for Dinesh Engineers IPO was finalized on Tuesday, October 9, 2018.
Dinesh Engineers IPO price band is set at ₹183 to ₹185 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,800.
Hem Securities Limited is the book running lead manager of the Dinesh Engineers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Dinesh Engineers IPO RHP for detailed information.
| IPO Date | September 28, 2018 to October 3, 2018 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹183 to ₹185 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 10,000,000 shares (aggregating up to ₹185.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Dinesh Engineers IPO offers 10,000,000 shares. 5,000,000 (50.00%) to QIB, 1,500,000 (15.00%) to NII, 3,500,000 (35.00%) to RII. 43,750 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,000,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,500,000 (15.00%) | |
| Retail Shares Offered | 3,500,000 (35.00%) | 43,750 |
| Total Shares Offered | 10,000,000 (100%) |
Dinesh Engineers IPO opens on September 28, 2018, and closes on October 3, 2018.
| IPO Open Date | Friday, September 28, 2018 |
| IPO Close Date | Wednesday, October 3, 2018 |
| Basis of Allotment | Tuesday, October 9, 2018 |
| Initiation of Refunds | Wednesday, October 10, 2018 |
| Credit of Shares to Demat | Wednesday, October 10, 2018 |
| Listing Date | [.] |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2018 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,800 |
| Retail (Max) | 13 | 1040 | ₹192,400 |
| Lot Size Calculator | |||
Incorporated in 2006, Mumbai based Dinesh Engineers Limited is a company engaged in the business of providing passive communication infrastructure services mainly to the Telecom operators and internet service providers ("ISPs").
The company has been licensed by the Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License, which allows the company to establish and maintain wired networks, Duct space to grant on lease or sale on IRU basis to the licensees of Telecom operators, ISPs etc.
The company has created its own optic fiber network of around 7500 km across the state of Rajasthan, Maharashtra, Goa, Gujarat, Karnataka, Andhra Pradesh, and Telangana. The wired network infrastructure solutions of the company are used by many Telecom Companies such as Airtel, BSNL, Idea, Reliance Jio, Vodafone, Tata Communication etc.
Some of the prominent clients of the Company includes Bharti Airtel Ltd, Vodafone, Tata Communications Ltd., Idea Cellular, Atria, Hathway, Sify, Intech, D-vois SSV etc. It also has Mahanagar Gas Limited as its customer for gas pipeline work.
The total revenue of the company for the fiscal years 2018, 2017 and 2016 are Rs 3027.78 million, Rs 1699.11
million and Rs 1225.02 million respectively.
The profit after tax for the fiscal years 2018 2017 and 2016 is Rs 618.01 million, Rs 219.82 million and Rs 128.98
million respectively.
Competitive Strengths-
1. Established fiber network of around 7500 km
2. Strong client list with repeat business
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 (Proforma) | 31-Mar-15 | |||
| Total Assets | 4,179.36 | 1,980.42 | 1,397.20 | 808.94 | ||
| Total Revenue | 3027.78 | 1,699.11 | 1,225.02 | 511.55 | ||
| Profit After Tax | 616.99 | 220.04 | 128.89 | 68.99 | ||
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 (Proforma) | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 4,178.08 | 1,980.92 | 1,397.70 | 809.44 | 452.35 | |
| Total Revenue | 3,027.78 | 1,699.11 | 1,225.02 | 511.55 | 239.50 | |
| Profit After Tax | 619.32 | 219.82 | 128.98 | 69.49 | 30.47 | |
The objects of the Issue are-
1. Setting up of further OFC Network under IP-1 License;
2. Funds for General corporate purposes;
3. Meet public issue expenses.
[Dilip Davda] Considering the business model, marquee client list and the bright future prospects, this reasonably priced issue may be considered for investment. Due to listing in "T" category, there are remote chances of speculative trades on listing. Read detail review...
The Dinesh Engineers IPO is subscribed 0.08 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.09 times in the retail category, 0.00 times in the QIB category, and 0.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.33 |
| Retail | 0.09 |
| Total | 0.08 |
Date: 03 Oct 2018
The Company has decided to withdraw the application made for IPO on BSE and NSE Platform due to current volatility in the capital market. The entire application money will be refunded forthwith.
Dinesh Engineers Limited
DEPL House
Neighbourhood Shopping Complex Sector-4,
Nerul Navi Mumbai -400706
Phone: + 91-022-27704600/4700
Email: admn@depl.co.in
Website: http://www.depl.co.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dineshengineers.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Dinesh Engineers IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹185.00 Crores. The issue is priced at ₹183 to ₹185 per share. The minimum order quantity is 80 Shares.
The IPO opens on September 28, 2018, and closes on October 3, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Dinesh Engineers IPO opens on September 28, 2018 and closes on October 3, 2018.
Dinesh Engineers IPO lot size is 80 Shares, and the minimum amount required is ₹14,800.
You can apply in Dinesh 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 Dinesh Engineers IPO will be done on Tuesday, October 9, 2018, and the allotted shares will be credited to your demat account by Wednesday, October 10, 2018. Check the Dinesh Engineers IPO allotment status.
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