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Deepak Builders & Engineers IPO

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BSE,NSE 21 October - 23 October 2024
Deepak Builders & Engineers India Limited IPO is a book build issue of 260.04 Cr. The issue is a combination of fresh issue of 10700000 shares aggregating to 217.21 Cr and offer for sale of 2110000 shares aggregating to 42.83 Cr. Deepak Builders & Engineers India Limited IPO opened for subscription on Oct 21, 2024 and closed on Oct 23, 2024. The allotment for the this IPO was finalized on Oct 24, 2024. IPO was listed on NSE and BSE on Oct 28, 2024. Deepak Builders & Engineers India Limited IPO is set issue price band at ₹192 to ₹203 per share.

Current GMP

₹32 (+15.76%)

Price Band

₹ 192 – 203

Lot Size

73

Issue Size

₹260.04 Cr

Minimum Investment

₹14819 (73 Shares)

Listing Date

28 October 2024

Subscription

41.54x

About the Company

Deepak Builders & Engineers India Limited is an integrated engineering and construction firm specializing in a wide range of construction and infrastructure projects. These include administrative and institutional buildings, hospitals, medical colleges, industrial buildings, historical memorial complexes, stadiums, sports complexes, residential complexes, and various other development activities. It also undertakes specialized infrastructure work like flyovers, rail bridges, approach roads, and railway station developments.

Key Areas of Operation:
1. Construction Projects: Includes architectural, structural, civil, HVAC, mechanical, electrical, plumbing (MEP), firefighting systems, public health services, IT systems, and external development (landscaping).
2. Infrastructure Projects: Specializes in flyovers, rail under and over bridges, railway station development, and other infrastructure projects.

The company operates as both an EPC (Engineering, Procurement, and Construction) service provider and a contractor on item-rate or percentage basis. It has completed a range of projects across four states in India (Punjab, Haryana, Rajasthan, Uttarakhand) and two Union Territories (Chandigarh, Delhi).

Key Milestones:
- Revenue Growth: From ₹3,630.52 million in Fiscal 2022 to ₹5,114.02 million in Fiscal 2024.
- Business History: Founded in September 2017, it took over the business of M/s. Deepak Builders, which has been operational since 1990.
- Project Expertise: The company has successfully completed over 60 projects, including high-profile ones such as the Jang-E-Azadi Memorial and the Geriatrics Block at AIIMS New Delhi.

Ongoing and Completed Projects:
- The company is currently executing 12 ongoing projects, including hospitals, medical colleges, administrative buildings, industrial buildings, and infrastructure works related to railways and roads.
- It has completed notable projects like the Jang-E-Azadi Memorial (₹2,183.60 million) and the construction of a super specialty block at Government Medical College, Patiala (₹665.00 million).

Financials:
- Order Book: As of June 30, 2024, the company had an order book of ₹13,803.89 million, with projects primarily awarded by Indian Railways (66%), IOCL (25%), and government entities for hospitals and medical projects (4.38%).
- Accreditations: The company is accredited as a Class I – (Super) Contractor by the Central Public Work Department (CPWD) and is pre-qualified to bid for projects up to ₹6,500 million.

Core Vertical Businesses:
1. Construction Projects
2. Infrastructure Projects
3. Sale of Products


The company’s robust project portfolio and increasing revenue position it as a key player in the construction and infrastructure sectors, with a strong presence across northern India.

Promoters

  1. Deepak Kumar Singal
  2. Sunita Singal
Promoters Holding

Holding Pre Issue

100.00%

Holding Post Issue

72.50%

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

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

Address / Contact Info

Deepak Builders & Engineers India Limited
Ahluwalia Chambers, 1st Floor,
Plot No. 16 &17, Local Shopping Centre,
Madangir, near Pushpa Bhawan,
South Delhi, New Delhi – 110 062, India

 Phone: +91 9875909242
Email: investor@deepakbuilders.co.in
Website: https://www.deepakbuilders.co.in

IPO Snapshot

Face Value₹10 per share
Price Band₹ 192 – 203
Lot Size73
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 217.21 Cr
Offer for Sale₹ 42.83 Cr
Total Issue Size₹ 260.04 Cr
Listing AtBSE,NSE
Industry
Sector
QIB Quota20%
BNII Quota10%
SNII Quota5%
Retail Quota35%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Deepak Builders & Engineers IPO is a Book-building IPO worth ₹260.04 crores. The price band is ₹192 to 203 per share. The IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Deepak Builders & Engineers IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024

Deepak Builders & Engineers IPO Price Band is ₹192 to 203.

Deepak Builders & Engineers IPO lot size is 73, and the minimum amount required for application is ₹14819.

The minimum investment for Deepak Builders & Engineers IPO is approximately ₹14819 based on the upper price band.

To apply for the Deepak Builders & Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Oct 23, 2024. After submission, funds are blocked until the basis of allotment of Deepak Builders & Engineers IPO is finalised.

Deepak Builders & Engineers IPO issue size is ₹260.04 crores.

Deepak Builders & Engineers IPO allotment date is Sat, Jun 27, 2026.

The registrar for Deepak Builders & Engineers IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Deepak Builders & Engineers IPO through their official website or helpline.

The Deepak Builders & Engineers IPO GMP (Grey Market Premium) is ₹32 as of Mon, Oct 28, 2024. Based on the upper price band of ₹203 per share, the estimated Deepak Builders & Engineers IPO listing price is ₹235, indicating a potential listing gain of approximately 31% over the issue price.