IPO

Deepak Builders & Engineers India Limited IPO

Mainboard

Civil Construction

Listed On: Oct 28, 2024 at ₹ 200.0(NSE)

₹ 14819 /73 Shares

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Price Summary

Last Closing

150.33 (-25.95%)

52 Week High

200.00

52 Week Low

139.10

Last Update

22-Nov-2024 3:30 PM

Deepak Builders & Engineers India IPO Details

21 Oct, 2024

Open Date

23 Oct, 2024

Close Date

24 Oct, 2024

Allotment Date

28 Oct, 2024

Listing Date

Issue Price

₹192-203 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

200.0(NSE)

Listing Date

2024-10-28

Market Lot

Retail : 73 Shares (₹14,819/-)
S-HNI : 1,022 Shares (₹2,07,466/-)
B-HNI : 4,964 Shares (₹10,07,692/-)

Lead Manager

Fedex Securities Pvt Ltd

Issue Size

Total ₹260.04 Cr :
#Fresh Issue : 10,700,000 shares(aggregating up to ₹217.21 Cr) +
#OFS : 2,110,000 shares of ₹10(aggregating up to ₹42.83 Cr)

Retail Portion

35% (Number of Retail Applications: 61,418 Approx),
(Number of S-HNI Applications : 627 Approx),
(Number of B-HNI Applications : 1,253 Approx)

Subscription

41.53 times

IPO Docs

DRHP RHP ANCHOR

Deepak Builders & Engineers India IPO Subscription Details

As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,562,0611,921,500
1,281,000    640,500		4,483,5008,967,061
Day 1 - 21-10-24 05:00 PM0.52 x4.26
3.38 x   6.02 x		6.12 x4.12 x
Day 2 - 22-10-24 05:00 PM1.08 x17.40
14.34 x   23.52 x		15.96 x12.02 x
Day 3 - 23-10-24 05:00 PM13.91 x82.47
77.86 x   91.68 x		39.78 x41.53 x
Total No. of Applications: 25,58,000 (Approx)
Retail Subscription on the basis of Applications: Retail:38x BHNI:15.75x SHNI:87.78x times

Deepak Builders & Engineers India Valuations

EPS Pre IPO

16.84

EPS Post IPO

12.20

P/E Pre IPO

12.06

P/E Post IPO

16.63

RoNW

9.57%

Deepak Builders & Engineers India Company Financials All values are in ₹ Cr.

31-Mar-2431-Mar-2331-Mar-22
Assets558.75449.3322.18
Revenue516.74435.46364.99
Profit After Tax60.4121.417.66

About The Company

Deepak Builders & Engineers India Limited is an integrated engineering and construction company incorporated in September 2017. With unbroken good delivery experiences, the company has gained solid brand repute in not only construction but also in infrastructure development throughout India.

Company services majorly concentrate on two areas :
1.⁠ ⁠Construction Projects:
Company have successfully undertaken numerous construction projects that serve the needs of the following segments of society:
Administrative and institutional buildings,Hospitals and medical colleges,Industrial buildings,Historical memorials,Sports complexes,Residential complexes
All the projects work at the highest level to center around quality, sustainability, and timely delivery with a smile to satisfy all clients.

2.⁠ ⁠Infrastructure Projects:
Infrastructure group focuses on developing modern and robust infrastructure that meets the accelerating needs in a city. Key focus areas include:
Flyovers ,RUBs and ROBs, Developments and redevelopment railway stations.
Company reputation for excellence and attention to detail in structural work supporting public utilities and improving transportation networks.

The company has executed projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur,; Heritage Walk at Golden Temple Corridor, Amritsar, and fire ramps in specialized steel structures at AIIMS, Delhi.

As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.

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Deepak Builders & Engineers India - Strength and Weakness

Strength

Deepak Builders and Engineers India Limited has completed 76 construction and infrastructure projects since its inception, establishing a strong market presence.

The company owns 397 major construction machines as of February 2024, ensuring reduced reliance on external providers and efficient project execution.

Accredited as a Class I – (Super) Contractor, the company can independently bid for projects up to ₹6,500 million, reflecting its substantial government clientele.

Weakness

Deepak Builders and Engineers India Limited faces risks from its dependency on government contracts. Any policy changes can terminate or delay projects, impacting financial results significantly.

Concentration on large-scale projects poses a risk; delays or complications could significantly affect the company's financial health due to the potential for cost overruns and reduced profitability.

Geographical concentration in Punjab exposes the company to regional policy changes, economic fluctuations, and potential project interruptions, which could adversely affect operations and earnings.

Deepak Builders & Engineers India - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

  1. Deepak Kumar Singal
  2. Sunita Singal

Deepak Builders & Engineers India IPO - Issue Objectives

  1. Repayment/prepayment, in full or part, of certain borrowings availed by the Company
  2. Funding of working capital requirements of the Company
  3. General corporate purposes

Deepak Builders & Engineers India IPO - Anchor Investors

Deepak Builders & Engineers India mobilises over Rs 78 crore from 5 anchor investors ahead of IPO.

Neomile Growth Fund became the largest investor by buying 14.77 lakh shares worth Rs 30 Crore, followed by Citadel Capital Fund which took 9.85 lakh shares worth Rs 20 Crore.

Zeal Global Opportunities Fund,Saint Capital Fund & Elite Capital Fund were other investors, combined investing Rs 28 Crore against 13.8 lakh shares.

Other Details

Company Contact Details

Deepak Builders & Engineers India

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/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: deepakbuilders.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Deepak Builders & Engineers India IPO - FAQs

Ans. Deepak Builders & Engineers India Limited IPO is a Mainboard IPO. The issue is priced at ₹192-203 per equity share. The minimum order quantity is 73 Shares. The IPO opens on Oct 21, 2024, and closes on Oct 23, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Deepak Builders & Engineers India Limited IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.

Ans. The size of Deepak Builders & Engineers India Limited IPO is Total ₹260.04 Cr : #Fresh Issue : 10,700,000 shares(aggregating up to ₹217.21 Cr) + #OFS : 2,110,000 shares of ₹10(aggregating up to ₹42.83 Cr).

Ans. The IPO price band is set between ₹192-203 per equity share.

Ans. To apply for Deepak Builders & Engineers India Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Deepak Builders & Engineers India Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Deepak Builders & Engineers India Limited IPO is Oct 24, 2024.

Ans. The Deepak Builders & Engineers India Limited IPO will be listed on Oct 28, 2024.

Ans. Follow the steps to check the allotment status for Deepak Builders & Engineers India Limited IPO here.