Bookbuilding IPO | ₹654 Cr | Listed at BSE, NSE | Mon, Aug 1, 2016 - Wed, Aug 3, 2016
Dilip Buildcon IPO is a book build issue of ₹653.98 crores. The issue is a combination of fresh issue of 1.96 crore shares aggregating to ₹430.00 crores and offer for sale of 1.02 crore shares aggregating to ₹223.98 crores.
Dilip Buildcon IPO bidding started from Aug 1, 2016 and ended on Aug 3, 2016. The shares got listed on BSE, NSE on Aug 11, 2016.
Dilip Buildcon IPO price band is set at ₹219 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,235 (65 shares) (based on upper price). The lot size investment for sNII is 15 lots (975 shares), amounting to ₹2,13,525, and for bNII, it is 71 lots (4,615 shares), amounting to ₹10,10,685.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Dilip Buildcon IPO RHP for detailed Information.
IPO Open
Mon, Aug 1, 2016
IPO Close
Wed, Aug 3, 2016
Issue Price
₹219 per share
Market Cap (Pre-IPO)
₹2,995.26 Cr
| IPO Date | 1 to 3 Aug, 2016 |
| Listed on | Thu, Aug 11, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹219 |
| Issue Price | ₹219 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,98,61,976 shares (agg. up to ₹654 Cr) |
| Fresh Issue | 1,96,34,703 shares (agg. up to ₹430 Cr) |
| Offer for Sale | 1,02,27,273 shares of ₹10 (agg. up to ₹224 Cr) |
| Share Holding Pre Issue | 11,71,35,065 shares |
| Share Holding Post Issue | 13,67,69,768 shares |
| BSE Script Code / NSE Symbol | 540047 / DBL |
| ISIN | INE917M01012 |
Dilip Buildcon IPO comprises a total issue size of 2,98,61,976 shares. Out of which, 1,49,30,987 (50.00%) are allocated to QIB, 44,79,297 (15.00%) allocated to NII 1,04,51,692 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,49,30,987 | 50.00% | NA |
| − Anchor Investor Shares Offered | 89,58,592 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 59,72,395 | 20.00% | NA |
| NII (HNI) Shares Offered | 44,79,297 | 15.00% | NA |
| Retail Shares Offered | 1,04,51,692 | 35.00% | 1,60,795 |
| Total Shares Offered | 2,98,61,976 | 100.00% |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,235 |
| Retail (Max) | 14 | 910 | ₹1,99,290 |
| S-HNI (Min) | 15 | 975 | ₹2,13,525 |
| S-HNI (Max) | 70 | 4,550 | ₹9,96,450 |
| B-HNI (Min) | 71 | 4,615 | ₹10,10,685 |
Incorporated in 2006, Dilip Buildcon Ltd is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India. Information in this paragraph is taken from chittorgarh.com, India's No. 1 IPO Investment Portal.
Company's core business is undertaking construction projects across India in the roads and irrigation sectors. Dilip Buildcon is specialize in constructing state and national highways, city roads, culverts and bridges. Company is expanded into the irrigation and urban development businesses.
In last 5 years Dilip Buildcon completed the construction of 51 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra with an length of 5,858.49 lane kms. Company is owner of the one of the largest fleets of construction equipment in India with over 6,604 vehicles. Company is also one of the largest employer in construction sector with around 18,000 employees. Discuss this IPO on Chittorgarh.com, the most active IPO discussion forum.
Dilip Buildcon's Competitive Strengths:
1. One of the Leading Road-focused EPC Contractor
2. Efficient business model
3. Excellent execution track record through strong operating systems and controls
4. Strong financial performance and credit profile
5. Visible growth through a robust order book and excellent pre-qualification credentials
6. Experienced management and promoters
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Pre-payment or scheduled repayment of a portion of term loans availed by the Company | 202.38 |
| 2 | To meet working capital requirements | 200.00 |
| 3 | General corporate purposes | 0.72 |
The Dilip Buildcon IPO is subscribed 20.95 times on August 3, 2016 6:45:00 PM (Day 3). The public issue subscribed 2.35 times in the retail category, 9.76 times in the QIB category, and 79.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.76 | 62,01,772 | |
| NII | 79.64 | 45,48,110 | |
| Retail | 2.35 | 1,06,12,256 | |
| Total | 20.95 | 2,13,62,138 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 18.02 |
| 2 | Commission/processing fee for SCSBs | 1.26 |
| 3 | Brokerage and selling commission for Registered Brokers, RTAs and CDPs | 1.17 |
| 4 | Registrar to the Issue | 0.81 |
| 5 | Other advisors to the Issue | 5.69 |
| 6 | Listing fees, SEBI filing fees, book building software fees | 3.10 |
| 7 | Printing and stationary | 1.84 |
| 8 | Advertising and marketing expenses | 2.06 |
| 9 | Miscellaneous | 6.94 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹219.00 | ₹219.00 |
| Open | ₹240.00 | ₹240.00 |
| Low | ₹239.25 | ₹240.00 |
| High | ₹255.00 | ₹254.80 |
| Last Trade | ₹251.95 | ₹251.75 |
Dilip Buildcon IPO is a main-board IPO of 2,98,61,976 equity shares of the face value of ₹10 aggregating up to ₹654 Crores. The issue is priced at ₹219 per share. The minimum order quantity is 65.
The IPO opens on Mon, Aug 1, 2016, and closes on Wed, Aug 3, 2016.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dilip Buildcon IPO using UPI as a payment gateway. Zerodha customers can apply in Dilip Buildcon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dilip Buildcon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dilip Buildcon IPO opens on Mon, Aug 1, 2016 and closes on Wed, Aug 3, 2016.
Dilip Buildcon IPO lot size is 65, and the minimum amount required for application is ₹14,235.
You can apply in Dilip Buildcon 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 Dilip Buildcon IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Dilip Buildcon IPO allotment status.
The Dilip Buildcon IPO listing date is on Thu, Aug 11, 2016.
