Deepak Builders & Engineers IPO
IPO Listing Details
- Listing Date
28 Oct 2024
- Listing Price
₹198.50
- Listing Change
-2.22%
- Last Traded Price
₹183.85
IPO Details
- Open Date
21 Oct 2024
- Close Date
23 Oct 2024
- IPO
Price Range
₹ 192 - ₹203
- IPO
Size
₹ 260.04 Cr
- Listing Exchange
BSE, NSE
- Listing Date
28 Oct 2024
IPO Timeline
Deepak Builders & Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Oct-24 | 0.52 | 4.27 | 6.16 | 4.15 |
| 22-Oct-24 | 1.08 | 17.42 | 16.05 | 12.06 |
| 23-Oct-24 | 13.91 | 82.47 | 39.79 | 41.54 |
Last Updated: 23 October 2024 6:39 PM by 5Paisa
Deepak Builders & Engineers IPO is set to open on 21 October 2024 and will close on 23 October 2024. Deepak Builders & Engineers India is a construction company that focuses on building various structures including offices, schools, hospitals, stadiums, residential complexes and other construction projects.
The IPO is a combination of a fresh issue of 1.07 Cr shares aggregating to ₹217.21 Cr and offer for sale of 0.21 Cr shares aggregating to ₹42.83 Cr. The price range is set between ₹192 to ₹203 per share and the lot size is 73 shares.
The allotment is scheduled to be finalized on 24 October 2024. It will go public on BSE, NSE, with a tentative listing date of 28 October 2024.
Fedex Securities Pvt Ltd is the book running lead manager, while Kfin Technologies Limited is the registrar.
| Types | Size |
|---|---|
| Total IPO Size | ₹ 260.04 Cr |
| Offer For Sale | ₹ 42.83 Cr |
| Fresh Issue | ₹ 217.21 Cr |
Deepak Builders & Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 73 | ₹14,819 |
| Retail (Max) | 13 | 949 | ₹192,647 |
| S-HNI (Min) | 14 | 1,022 | ₹207,466 |
| S-HNI (Max) | 67 | 4,891 | ₹992,873 |
| B-HNI (Min) | 68 | 4,964 | ₹1,007,692 |
Deepak Builders IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 13.91 | 25,62,061 | 3,56,27,577 | 723.24 |
| NII (HNI) | 82.47 | 19,21,500 | 15,84,68,546 | 3,216.91 |
| Retail | 39.79 | 44,83,500 | 17,83,79,953 | 3,621.11 |
| Total | 41.54 | 89,67,061 | 37,24,76,076 | 7,561.26 |
Deepak Builders & Engineers IPO Anchor Allocation
| Anchor Bid Date | 18 October 2024 |
| Shares Offered | 3,842,939 |
| Anchor portion Size (In ₹ Cr.) | 78.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | 23 November 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 22 January 2025 |
1. Repayment or prepayment of specific borrowings
2. Funding working capital needs
3. General corporate purposes
Founded in September 2017, Deepak Builders & Engineers India is a construction company that focuses on building various types of structures including administrative buildings, hospitals, stadiums and residential complexes.
The company has successfully completed projects that cover architectural, structural, civil, mechanical, electrical, firefighting systems, public health services, IT systems and landscaping.
Deepak Builders operates in three main areas: construction projects, infrastructure projects and product sales. They have worked on projects in four states Punjab, Haryana, Rajasthan and Uttarakhand as well as in Chandigarh and Delhi.
Currently, they are managing twelve projects including four hospital and medical college projects, an administrative building and an industrial building. Their infrastructure projects involve upgrading railway stations and developing roads and bridges.
They have experience in executing complex projects including notable structures like the 3D Domes at Jang-E-Azadi in Punjab, the Heritage Walk at the Golden Temple Corridor in Amritsar and specialized fire ramps at AIIMS in Delhi.
Peers
Ircon International Ltd
Ahluwalia Contracts (India) Ltd.
PSP Projects Ltd
ITD Cementation India Ltd
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 516.74 | 435.46 | 364.99 |
| EBITDA | 117.54 | 52.89 | 43.87 |
| PAT | 60.41 | 21.4 | 17.66 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 558.75 | 449.3 | 322.18 |
| Share Capital | 35.88 | 35.88 | 35.88 |
| Total Borrowings | 153.04 | 96.57 | 79.65 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -26.85 | 12.88 | 0.60 |
| Net Cash Generated From / (used in) investing activities | -11.13 | -13.10 | -5.19 |
| Net Cash Generated From / (used in) financing activities | 34.80 | 3.15 | 0.04 |
| Net Increase (Decrease) In Cash And Cash Equivalents | -3.08 | 2.93 | -4.55 |
Strengths
1. Deepak Builders & Engineers has a strong order book indicating a robust pipeline of projects which can lead to stable revenue streams.
2. The company has established relationships with reputable government and semi government entities providing credibility and reliability in its operations.
3. The presence of a seasoned team of promoters and managers enhances the company’s capability to execute projects effectively and navigate challenges in the construction industry.
Risks
1. A significant reliance on government and semi government projects can expose the company to risks associated with policy changes, budget constraints or delays in government funding.2.
2. Construction industry is highly competitive and increased competition could impact margins and project acquisition
3. Economic downturns or fluctuations can affect the demand for construction services, potentially leading to project delays or cancellations which may impact financial performance.
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FAQs
Deepak Builders & Engineers IPO opens from 21 October to 23 October 2024.
The size of Deepak Builders & Engineers IPO is ₹260.04 Cr.
The price of Deepak Builders & Engineers IPO is fixed at ₹192 to ₹203 per share.
To apply for Deepak Builders & Engineers IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Deepak Builders & Engineers IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Deepak Builders & EngineersIPO is 73 shares and the investment required is ₹14016.
The share allotment date of Deepak Builders & Engineers IPO is 24 October 2024
The Deepak Builders & Engineers IPO will be listed on 28 October 2024.
Fedex Securities Pvt Ltd is the book running lead manager for Deepak Builders & Engineers IPO.
1. Repayment or prepayment of specific borrowings
2. Funding working capital needs
3. General corporate purposes
Contact Information
Deepak Builders & Engineers
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/
Deepak Builders & Engineers IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: deepakbuilders.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Deepak Builders & Engineers IPO Lead Manager
Fedex Securities Pvt Ltd
