Deepak Builders & Engineers India Limited IPO

NiftyTrader • October 17, 2024

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Deepak Builders & Engineers India Limited IPO

Deepak Builders & Engineers India Limited IPO opens for subscription on October 21, 2024, and closes on October 23, 2024. The allotment for the Deepak Builders & Engineers IPO is expected to be finalized on Thursday, October 24, 2024. Deepak Builders & Engineers IPO will list on BSE, and NSE with a tentative listing date fixed as Monday, October 28, 2024.

Deepak Builders & Engineers IPO price band is set at ₹192 to ₹203 per share. The minimum lot size for an application is 73 Shares. The minimum amount of investment required by retail investors is ₹14,819. The minimum lot size investment for sNII is 14 lots (1,022 shares), amounting to ₹207,466, and for bNII, it is 68 lots (4,964 shares), amounting to ₹1,007,692.

Deepak Builders & Engineers IPO is a book-built issue of Rs 260.04 crores. The issue is a combination of a fresh issue of 1.07 crore shares aggregating to Rs 217.21 crore and an offer for sale of 0.21 crore shares aggregating to Rs 42.83 crore.

Deepak Builders & Engineers IPO Details

IPO Date	October 21, 2024 to October 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹192 to ₹203 per share
Lot Size	73 Shares
Total Issue Size	12,810,000 shares (aggregating up to ₹260.04 Cr)
Fresh Issue	10,700,000 shares (aggregating up to ₹217.21 Cr)
Offer for sale	2,110,000 shares of ₹10 (aggregating up to ₹42.83 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	35,880,860
Shareholding post-issue	46,580,860

Deepak Builders & Engineers IPO Lot Size

Investors can bid for a minimum of 73 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	73	₹14,819
Retail (Max)	13	949	₹192,647
S-HNI (Min)	14	1,022	₹207,466
S-HNI (Max)	67	4,891	₹992,873
B-HNI (Min)	68	4,964	₹1,007,692

Deepak Builders & Engineers IPO Objectives

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.

About Deepak Builders & Engineers India Limited

Deepak Builders & Engineers India Limited, established in September 2017, is a dynamic construction company focused on delivering high-quality projects across various sectors, including administrative, institutional, and industrial buildings, as well as hospitals and residential complexes. Our expertise extends to executing comprehensive turnkey projects that encompass architectural, structural, civil, MEP, firefighting, and landscaping services. With a proven track record in four Indian states and two Union Territories, we manage a diverse portfolio of twelve ongoing projects, including critical healthcare facilities and infrastructure upgrades. Our commitment to leveraging modern construction technologies and a skilled workforce ensures timely and efficient project delivery, making us a trusted partner in the construction industry. As we continue to grow, we remain dedicated to excellence and innovation in every endeavor.

Deepak Builders & Engineers India Limited Financial Information

Period Ended	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
Reserves and Surplus	138.23	124.22	64.66	48.84
Total Borrowing	153.17	153.04	96.57	79.65
				Amount in ₹ Crore

Deepak Builders & Engineers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Deepak Builders & Engineers IPO Timeline

Deepak Builders & Engineers IPO opens on October 21, 2024, and closes on October 23, 2024.

IPO Open Date	Monday, October 21, 2024
IPO Close Date	Wednesday, October 23, 2024
Basis of Allotment	Thursday, October 24, 2024
Initiation of Refunds	Friday, October 25, 2024
A credit of Shares to Demat	Friday, October 25, 2024
Listing Date	Monday, October 28, 2024
Cut-off time for UPI mandate confirmation	5 PM on October 23, 2024