Deepak Builders & Engineers India Ltd IPO

Deepak Builders & Engineers India Ltd IPO

We are an integrated engineering and construction company, specializing in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial building, historical memorial complex, stadium and sports complex, and residential complex. We have diversified in undertaking specialized structural work such as flyovers, approach roads, rail under bridge, rail over bridges and development and redevelopment of railway stations. We undertake Construction & Infrastructure Projects both, as EPC services on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis and also derive revenue from sale of residue construction products. We execute projects on a turnkey basis comprising of architectural & structural, civil, HVAC, MEP, etc. In addition to revenue from EPC projects on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis, we also derive revenue from sale of residue construction products.

Deepak Builders & Engineers India Ltd IPO Details

Total Shares Offered

₹ 1,28,10,000

Offer to Public

21,10,000

Retail Max (Shares)

₹ 44,83,500

Pre Issue Promoters Holding

₹ 3,58,80,560

Exchange

BSE

Issue size

₹ 260.04 Cr

IPO Open Date

Oct 21, 2024

Close Date

Oct 23, 2024

Lot Size

73

Min Investment

₹ 14,016

Issue Type

Book Building

Listing Date

Oct 28, 2024

Deepak Builders & Engineers India Ltd IPO Dates

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Oct 21, 2024
Opening date
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Oct 23, 2024
Closing date
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Oct 24, 2024
Basis of Allotment
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Oct 25, 2024
Initiation of Refunds
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Oct 25, 2024
Credit of Shares
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Oct 28, 2024
Listing date

Details

SectorType
SectorConstruction
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor Type

QIB

NII

Retail

Employee

Total

Deepak Builders & Engineers India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)
Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations87.8388.9634.30
EBITDA94.6396.1339.87
PAT56.7560.4121.40
Total Assets621.41378.27306.18
Share Capital46.5835.8835.88
Total Borrowings292.16238.37129.61
Operating Activities (Net Cash)63.5567.5826.97
Investing Activities (Net Cash)0.300.070.00
Financing Activities (Net Cash)292.16238.37129.61
Net Cashflow9.480.093.17

About Deepak Builders & Engineers India Ltd

Deepak Builders & Engineers India Limited was originally incorporated as `Deepak Builders & Engineers India Private Limited', a private limited company under provisions of the Companies Act, 2013, pursuant to a certificate of incorporation dated September 11, 2017 issued by the Registrar of Companies, Central Registration Centre on behalf of Jurisdictional Registrar of Companies. The Company then acquired the business of M/s. Deepak Builders, a partnership firm, vide a Business Takeover Agreement dated March 1, 2018. Subsequently, the Company was converted into a public limited company pursuant to a special resolution passed by its shareholders at an extraordinary general meeting held on May 25, 2022 and a fresh certificate of incorporation dated October 12, 2022 was issued by the Registrar of Companies, Delhi, recording the change in the name of the Company to `Deepak Builders & Engineers India Limited'.

Infrastructure development has remained recurring theme in India's economic development. As India aims to grow to a USD 5 trillion economy by 2027, Construction sector that include Infrastructure construction will be critical for boosting economic growth as it is the key growth enabler for several other sector. Infrastructure development provides impetus to other sectors like cement, bitumen, iron and steel, chemicals, bricks, paints, tiles, financial services among others. The sector enjoys intense focus from the Government which is well reflection in higher budgetary allocations.

We are an integrated engineering and construction company, specializing in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial building, historical memorial complex, stadium and sports complex, and residential complex. We have diversified in undertaking specialized structural work such as flyovers, approach roads, rail under bridge, rail over bridges and development and redevelopment of railway stations. We undertake Construction & Infrastructure Projects both, as EPC services on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis and also derive revenue from sale of residue construction products. We execute projects on a turnkey basis comprising of architectural & structural, civil, HVAC, MEP, etc. In addition to revenue from EPC projects on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis, we also derive revenue from sale of residue construction products.

Peer Comparison:

  • Ircon International Ltd
  • Ahluwalia Contracts (India) Ltd
  • PSP Projects Ltd
  • ITD Cementation India Ltd

Deepak Builders & Engineers India Ltd Key Points

Strengths

Established presence and proven track record.

Decent order book with a government client base.

Strong financial performance.

Experienced Promoters and Strong Senior Management Expertise.

Risk

Its revenue is majorly concentrated from projects undertaken or awarded by government, semi- government and government-controlled entities. Any adverse changes in the government policies may lead to its contracts being foreclosed, terminated, restructured or renegotiated, which may have a material effect on its business and results of operations.

Its portfolio of projects is concentrated in certain large-scale projects. Any delay or impediment to such projects may have adverse impact on its financial position.

While the company has a diversified geographical presence, its project portfolio has historically been concentrated in Punjab, India and any changes affecting the policies, laws and regulations or the political and economic environment in the region may adversely impact its business, financial condition and results of operations.

Strategy

Establish its position in Northern India and expand its foot print in other geographies.

Constant expansion of its pre-qualification and bid capacities.

Further enhance its project execution capabilities.

Leverage core competencies with enhanced in-house integration.

How To Apply for Deepak Builders & Engineers India Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Deepak Builders & Engineers India Ltd IPO?

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Deepak Builders & Engineers India Ltd's IPO offers shares for up to 217.21 It begins on Oct 21, 2024 and ends on Oct 23, 2024.

What is the price of the Deepak Builders & Engineers India Ltd IPO?

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The price of Deepak Builders & Engineers India Ltd IPO ranges between ₹192 to ₹203 per share.

What are the open and close dates for the Deepak Builders & Engineers India Ltd IPO?

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The Deepak Builders & Engineers India Ltd IPO opens on Oct 21, 2024 and closes on Oct 23, 2024.

When will the Deepak Builders & Engineers India Ltd IPO be allotted?

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The allotment for the Deepak Builders & Engineers India Ltd IPO will be finalised on Oct 24, 2024. The shares will be listed on BSE and NSE on Oct 28, 2024.

What is the minimum lot size required for Deepak Builders & Engineers India Ltd IPO?

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The minimum lot size for Deepak Builders & Engineers India Ltd IPO is 73 shares, priced between ₹192 to ₹203 per share.

What is the GMP of Deepak Builders & Engineers India Ltd IPO?

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The GMP (Grey Market Premium) of Deepak Builders & Engineers India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Deepak Builders & Engineers India Ltd IPO?

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To check the allotment status of Deepak Builders & Engineers India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Deepak Builders & Engineers India Ltd IPO getting listed?

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The Deepak Builders & Engineers India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 21, 2024, and closes on Oct 23, 2024. The allotment is finalised on Oct 24, 2024.

How do you apply for the Deepak Builders & Engineers India Ltd IPO?

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To apply for the Deepak Builders & Engineers India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.

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