Bookbuilding IPO | ₹260 Cr | Listed at BSE, NSE | Mon, Oct 21, 2024 - Wed, Oct 23, 2024
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 per share. The lot size for an application is 73. The minimum amount of investment required by an retail is ₹14,819 (73 shares) (based on upper price). 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 Open
Mon, Oct 21, 2024
IPO Close
Wed, Oct 23, 2024
Issue Price
₹203 per share
Market Cap (Pre-IPO)
₹945.59 Cr
| IPO Date | 21 to 23 Oct, 2024 |
| Listed on | Mon, Oct 28, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹192 to ₹203 |
| Issue Price | ₹203 per share |
| Lot Size | 73 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,28,10,000 shares (agg. up to ₹260 Cr) |
| Fresh Issue | 1,07,00,000 shares (agg. up to ₹217 Cr) |
| Offer for Sale | 21,10,000 shares of ₹10 (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 3,58,80,860 shares |
| Share Holding Post Issue | 4,65,80,860 shares |
| BSE Script Code / NSE Symbol | 544276 / DBEIL |
| ISIN | INE0OPA01019 |
Deepak Builders 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 73 shares and in multiples thereof.
| 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 |
Deepak Builders IPO raises ₹78.01 crore from anchor investors. Deepak Builders IPO Anchor bid date is October 18, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Oct 18, 2024 |
| Shares Offered | 38,42,939 |
| Anchor Portion (₹ Cr.) | 78.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Nov 22, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jan 21, 2025 |
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.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 641.10 | 558.75 | 449.30 | 322.18 |
| Total Income | 106.34 | 516.74 | 435.46 | 364.99 |
| Profit After Tax | 14.21 | 60.41 | 21.40 | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment, in full or part, of certain borrowings availed by the Company | 30.00 |
| 2 | Funding of working capital requirements of the Company; and | 111.96 |
| 3 | General corporate purposes | 49.76 |
| KPI | Jun 30, 2024 |
|---|---|
| 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 (₹) | 16.84 | 12.20 |
| P/E (x) | 12.06 | 16.63 |
| Promoter Holding | 100% | 72.5% |
| Market Cap | ₹945.59 Cr. |
The Deepak Builders & Engineers IPO is subscribed 41.54 times on October 23, 2024 6:19:09 PM (Day 3). The public issue subscribed 39.79 times in the retail category, 13.91 times in the QIB category, and 82.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 13.91 | 25,62,061 | 3,56,27,577 |
| NII | 82.47 | 19,21,500 | 15,84,68,546 |
| bNII (bids above ₹10L) | 77.86 | 12,81,000 | 9,97,40,265 |
| sNII (bids below ₹10L) | 91.69 | 6,40,500 | 5,87,28,281 |
| Retail | 39.79 | 44,83,500 | 17,83,79,953 |
| Total | 41.54 | 89,67,061 | 37,24,76,076 |
Total Application : 25,58,000
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLM | 2.60 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDP | 18.00 |
| 3 | Advertising and marketing expenses | 1.50 |
| 4 | Fee payable to auditors, consultants, advisors, market research firms, commissions | 1.00 |
| 5 | Others: Listing fees, SEBI, BSE and NSE processing fees, book building software fees, upload fees and other regulatory expenses, Depositories fees, Printing and distribution of stationery, Fees payable to the Registrar to the Offer, Fees payable to legal counsels; Monitoring Agency; and Miscellaneous | 2.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹203.00 | ₹203.00 |
| Open | ₹198.50 | ₹200.00 |
| Low | ₹160.15 | ₹160.51 |
| High | ₹198.85 | ₹200.00 |
| Last Trade | ₹161.90 | ₹161.95 |
Lead Manager Reports
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 Crores. The issue is priced at ₹203 per share. The minimum order quantity is 73.
The IPO opens on Mon, Oct 21, 2024, and closes on Wed, Oct 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 Mon, Oct 21, 2024 and closes on Wed, Oct 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 Fri, Oct 25, 2024. Check the Deepak Builders IPO allotment status.
The Deepak Builders IPO listing date is on Mon, Oct 28, 2024.
