Deepak Builders & Engineers IPO Details
The Deepak Builders & Engineers IPO is a book build issue with a total issue size of ₹260.04 cr, comprising of fresh issue of 10700000 equity shares., and a offer for sale of 2110000 equity shares. Deepak Builders & Engineers IPO opened for subscription on Oct 21, 2024 and closed on Oct 23, 2024. Deepak Builders & Engineers IPO is set price band at ₹192 to ₹203 per share, with a lot size of 73 shares. Minimum investment for Retail investors was ₹14,819.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 24, 2024, and listed on both the NSE and BSE on Oct 28, 2024.
Kfin Technologies Limited has been appointed as the registrar. Fedex Securities Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Deepak Builders & Engineers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 192 – 203
- Lot Size
- 73
- Issue Size
- ₹260.04 Cr
- Minimum Investment
- ₹14819 (73 Shares)
- Listing Date
- 28 October 2024
Current GMP
₹32 (+15.76%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Deepak Builders & Engineers India Limited
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.
Deepak Builders & Engineers IPO Promoters
- Deepak Kumar Singal
- Sunita Singal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
72.50%
Deepak Builders & Engineers IPO Objective
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
Book Running Lead Managers
- Fedex Securities Private Limited
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 with a total issue size of ₹260.04 crore. The Deepak Builders & Engineers IPO price band is ₹192 to 203 per share. The Deepak Builders & Engineers IPO subscription opens on Mon, Oct 21, 2024, and closes on Wed, Oct 23, 2024. The Deepak Builders & Engineers IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Deepak Builders & Engineers IPO.
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 per share.
Deepak Builders & Engineers IPO lot size is 73 shares, Retail investors need a minimum investment of ₹14819 based on the upper price band
The minimum investment for Deepak Builders & Engineers IPO is ₹14819, based on one lot of 73 shares at the upper price band of ₹203 per share.
Investors can apply for the Deepak Builders & Engineers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Oct 23, 2024. The application amount remains blocked until the Deepak Builders & Engineers IPO allotment is finalized.
Deepak Builders & Engineers IPO issue size is ₹260.04 crores.
Deepak Builders & Engineers IPO allotment date is Wed, Jul 1, 2026.
The registrar for Deepak Builders & Engineers IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Deepak Builders & Engineers IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.