Deepak Builders & Engineers IPO
Open MainLineCurrent 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
- Deepak Kumar Singal
- 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:
- Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
- Funding of working capital requirements of the company and
- 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
IPO Timeline (Tentative)
IPO Open Date
Monday, 21 October 2024
IPO Close Date
Wednesday, 23 October 2024
Basis of Allotment
Thursday, 24 October 2024
Initiation of Refunds
Friday, 25 October 2024
Credit of Shares to Demat
Friday, 25 October 2024
Listing Date
Monday, 28 October 2024 — NSE & BSE
Important Dates
Open Date
21 October 2024
Close Date
23 October 2024
Basis Of Allotment
24 October 2024
Listing Date
28 October 2024
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 138.23 | 124.22 | 64.66 | 48.84 |
| Total Borrowings | 153.17 | 153.04 | 96.57 | 79.65 |
EPS Pre
16.84%
EPS Post
12.20%
P/E Pre
12.06
P/E (Post Issue)
16.63x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 8.86 |
| ROCE % | 8.76 |
| Debt / Equity | 0.91 |
| RoNW % | 9.57 |
| PbW | 4.68 |
| Pat Margin % | 13.52 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 3842939 | 30 | 0 |
| Qualified Institutions | 2562061 | 20 | 0 |
| Non-Institutional | 1921500 | 15 | 0 |
| BNII | 1281000 | 10 | 1253 |
| SNII | 640500 | 5 | 626 |
| Retail Investors | 4483500 | 35 | 61417 |
| Total | 12810000 | 100 | 0 |
Subscription Status ( Wed, 23 Oct 24 12:53 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2562061 | 35627577 | 13.91x |
| Non-Institutional | 1921500 | 158468546 | 82.47x |
| BNII | 1281000 | 99740265 | 77.86x |
| SNII | 640500 | 58728281 | 91.69x |
| Retail Investors | 4483500 | 178379953 | 39.79x |
| Total | 8967061 | 372476076 | 41.54x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 73 | 14,819.00 |
| 13 | 949 | 192,647.00 | |
| 14 | 1,022 | 207,466.00 | |
| 67 | 4,891 | 992,873.00 | |
| 68 | 4,964 | 1,007,692.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Fedex Securities Private Limited
RHP Document
DRHP Document
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.