Deepak Builders & Engineers India Ltd IPO

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.

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