Deepak Builders & Engineers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 21 Oct 2024
Close Date
Wed, 23 Oct 2024
Price Band
₹ 192 – 203
Lot Size
73
Issue Size
₹ 260.04 Cr
Minimum Investment
₹ 14,819 (73 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Deepak Builders & Engineers IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹260.04 Crore, comprising a fresh issue of 1.07 Crore equity shares aggregating to ₹217.21 Crore and an offer for sale (OFS) of 21.10 Lakh equity shares aggregating to ₹42.83 Crore by the existing shareholders.
The Deepak Builders & Engineers IPO remained open for subscription from October 21, 2024, to October 23, 2024. The basis of allotment was finalized on October 24, 2024, and the company's shares were listed on the NSE and BSE on October 28, 2024.
The company had fixed the price band at ₹192 to ₹203 per share, with a lot size of 73 shares. Retail investors were required to make a minimum investment of ₹14,819 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Fedex Securities Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Deepak Builders & Engineers India Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Deepak Builders & Engineers IPO Timeline (Tentative)
- IPO Open Date
- Mon, 21 Oct 24
- IPO Close Date
- Wed, 23 Oct 24
- Basis of Allotment
- Thu, 24 Oct 24
- Initiation of Refunds
- Fri, 25 Oct 24
- Credit of Shares to Demat
- Fri, 25 Oct 24
- Listing Date
- Mon, 28 Oct 24 — NSE & BSE
Open Date
21 October 2024
Close Date
23 October 2024
Basis Of Allotment
24 October 2024
Listing Date
28 October 2024
IPO Subscription
Check Live Subscription →The Deepak Builders & Engineers IPO has received bids for 37,24,76,076 shares against 89,67,061 shares offered, resulting in an overall subscription of 41.54x. the NII category is subscribed 82.47x, Retail Investors 39.79x, and QIBs 13.91x. Within the NII category, BNII is subscribed 77.86x, while SNII is subscribed 91.69x.
QIB
13.91x
NII
82.47x
BNII
77.86x
SNII
91.69x
RII
39.79x
Total
41.54x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 44,83,500 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 25,62,061 shares (20%), while Non-Institutional Investors (NIIs) receive 19,21,500 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 3,842,939 | 30% |
| Qualified Institutions | 2,562,061 | 20% |
| Non-Institutional | 1,921,500 | 15% |
| BNII | 1,281,000 | 10% |
| SNII | 640,500 | 5% |
| Retail Investors | 4,483,500 | 35% |
| Total | 12,810,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Deepak Builders & Engineers India Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Deepak Builders & Engineers India Limited Address / Contact Details
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
Deepak Builders & Engineers IPO Lot Size
The Deepak Builders & Engineers IPO has a lot size of 73 shares. Retail investors require a minimum investment of ₹14,819 by applying for 1 lot (73 shares). The maximum application allowed for the retail category is 0 lots (0 shares), requiring an investment of ₹.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Fedex Securities Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Deepak Builders & Engineers 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.
When will the Deepak Builders & Engineers IPO open for subscription?
The Deepak Builders & Engineers IPO opens on Mon, Oct 21, 2024 and closes on Wed, Oct 23, 2024
What is Deepak Builders & Engineers IPO Price Band?
Deepak Builders & Engineers IPO Price Band is ₹192 to 203 per share.
What is Deepak Builders & Engineers IPO Lot Size?
Deepak Builders & Engineers IPO lot size is 73 shares, Retail investors need a minimum investment of ₹14819 based on the upper price band
What is the minimum investment for Deepak Builders & Engineers IPO?
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.
How to apply for Deepak Builders & Engineers IPO?
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.
What is Deepak Builders & Engineers IPO Issue Size?
Deepak Builders & Engineers IPO issue size is ₹260.04 crores.
What is the Deepak Builders & Engineers IPO Allotment Date?
Deepak Builders & Engineers IPO allotment date is Thu, Oct 24, 2024.
Who is the Deepak Builders & Engineers IPO Registrar?
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.
What is the Deepak Builders & Engineers IPO GMP?
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 15.76% over the issue price.
Who is the Deepak Builders & Engineers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Deepak Builders & Engineers IPO are Fedex Securities Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Deepak Builders & Engineers IPO Red Herring Prospectus (RHP).