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Deepak Builders IPO is a book build issue of ₹260.04 crores. The issue is a combination of fresh issue of 1.07 crore shares aggregating to ₹217.21 crores and offer for sale of 0.21 crore shares aggregating to ₹42.83 crores.
Deepak Builders IPO bidding started from Oct 21, 2024 and ended on Oct 23, 2024. The allotment for Deepak Builders IPO was finalized on Oct 24, 2024. The shares got listed on BSE, NSE on Oct 28, 2024.
Deepak Builders IPO price band is set at ₹203.00 per share . The lot size for an application is 73. The minimum amount of investment required by an retail is ₹14,016 (73 shares). The lot size investment for sNII is 14 lots (1,022 shares), amounting to ₹2,07,466, and for bNII, it is 68 lots (4,964 shares), amounting to ₹10,07,692.
Fedex Securities Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Deepak Builders IPO RHP for detailed Information.
| IPO Date | October 21, 2024 to October 23, 2024 |
| Listing Date | October 28, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹192 to ₹203 per share |
| Issue Price Final | ₹203 per share |
| Lot Size | 73 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,28,10,000 shares (aggregating up to ₹260.04 Cr) |
| Fresh Issue | 1,07,00,000 shares (aggregating up to ₹217.21 Cr) |
| Offer for Sale | 21,10,000 shares of ₹10 (aggregating up to ₹42.83 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,58,80,860 shares |
| Share Holding Post Issue | 4,65,80,860 shares |
Deepak Builders & Engineers IPO offers total 1,28,10,000 shares. Out of which 64,05,000 (50.00%) allocated to QIB, 25,62,061 (20.00%) allocated to QIB, 19,21,500 (15.00%) allocated to NII, 44,83,500 (35.00%) allocated to RII and 38,42,939 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 64,05,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 38,42,939 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 25,62,061 (20.00%) | NA |
| NII (HNI) Shares Offered | 19,21,500 (15.00%) | NA |
| − bNII > ₹10L | 12,81,000 (10.00%) | 1,253 |
| − sNII < ₹10L | 6,40,500 (5.00%) | 626 |
| Retail Shares Offered | 44,83,500 (35.00%) | 61,417 |
| Total Shares Offered | 1,28,10,000 (100.00%) |
Deepak Builders IPO raises ₹78.01 crore from anchor investors. Deepak Builders IPO Anchor bid date is October 18, 2024. Deepak Builders IPO Anchor Investors list
| Bid Date | October 18, 2024 |
| Shares Offered | 38,42,939 |
| Anchor Portion Size (In Cr.) | 78.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 21, 2025 |
Deepak Builders IPO opens on October 21, 2024, and closes on October 23, 2024.
| IPO Open Date | Mon, Oct 21, 2024 |
| IPO Close Date | Wed, Oct 23, 2024 |
| Tentative Allotment | Thu, Oct 24, 2024 |
| Initiation of Refunds | Fri, Oct 25, 2024 |
| Credit of Shares to Demat | Fri, Oct 25, 2024 |
| Tentative Listing Date | Mon, Oct 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 23, 2024 |
Investors can bid for a minimum of 73 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 73 | ₹14,819 |
| Retail (Max) | 13 | 949 | ₹1,92,647 |
| S-HNI (Min) | 14 | 1,022 | ₹2,07,466 |
| S-HNI (Max) | 67 | 4,891 | ₹9,92,873 |
| B-HNI (Min) | 68 | 4,964 | ₹10,07,692 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in September 2017, Deepak Builders & Engineers India Limited is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities.
The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.
The company's business can be categorized into the following verticals:
The company has completed construction and infrastructure projects in four states of India - Punjab, Haryana, Rajasthan, Uttarakhand - and two Union Territories - Chandigarh and the National Capital Territory of Delhi.
The company manages twelve projects, including seven EPC projects and five item rate/percentage rate contracts. Within the ongoing projects, the construction portfolio consists of four hospital and medical college projects, one administrative & and institutional building, and one industrial building. The infrastructure projects include four projects focused on upgrading, developing, and redeveloping railway stations and related work, as well as two road and bridge projects related to rail over bridges.
As of June 30, 2024, the company's order book amounts are as follows: Rs 13,803.89 million for Fiscal 2024, Rs 11,126.88 million for Fiscal 2023, and Rs 16,578.79 million for Fiscal 2022, and Rs 7,196.32 million for Fiscal 2021.
The company has experience in executing projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur, Punjab; Heritage Walk at Golden Temple Corridor, Amritsar, Punjab; and fire ramps in specialized steel structures at AIIMS, Delhi.
Competitive Strength
As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.
Deepak Builders & Engineers India Limited's revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 641.1 | 558.75 | 449.3 | 322.18 |
| Total Income | 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 | ||||
The market capitalization of Deepak Builders IPO is ₹945.59 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROE | 8.48% |
| ROCE | 8.97% |
| Debt/Equity | 0.91 |
| RoNW | 9.57% |
| PAT Margin | 13.52% |
| Price to Book Value | 4.68 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.84 | 12.20 |
| P/E (x) | 12.06 | 16.63 |
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] The company is an EPC contractors specializing in various types of constructions. It marked growth in its top and bottom lines for the reported periods, but sudden boost in margins for FY24 raise eyebrows. It has an order book worth Rs. 1380+ cr. as of June 30, 2024, with over 66% contribution from Railway contracts. Litigation matter amounting to over Rs. 87 cr. raises concern. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | October 28, 2024 |
| BSE Script Code | 544276 |
| NSE Symbol | DBEIL |
| ISIN | INE0OPA01019 |
| Final Issue Price | ₹203 per share |
| NSE Listing Group | EQ (Rolling) |
| BSE Listing Group | B |
Deepak Builders & Engineers India Ltd.
Ahluwalia Chambers, 1st Floor
Plot No. 16 &17, Local Shopping Centre
Madangir, near Pushpa Bhawan, South Delhi- 110062
Delhi, New Delhi
Phone: +91 9875909242
Email: investor@deepakbuilders.co.in
Website: https://www.deepakbuilders.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: deepakbuilders.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Deepak Builders IPO is a main-board IPO of 1,28,10,000 equity shares of the face value of ₹10 aggregating up to ₹260.04 Crores. The issue is priced at ₹203 per share. The minimum order quantity is 73.
The IPO opens on October 21, 2024, and closes on October 23, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Deepak Builders IPO using UPI as a payment gateway. Zerodha customers can apply in Deepak Builders IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Deepak Builders IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Deepak Builders IPO opens on October 21, 2024 and closes on October 23, 2024.
Deepak Builders IPO lot size is 73, and the minimum amount required for application is ₹14,819.
You can apply in Deepak Builders IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Deepak Builders IPO will be done on Thursday, October 24, 2024, and the allotted shares will be credited to your demat account by Friday, October 25, 2024. Check the Deepak Builders IPO allotment status.
The Deepak Builders IPO listing date is on Monday, October 28, 2024.
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