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DMR Hydroengineering IPO is a fixed price issue of ₹2.09 crores. The issue is a combination of fresh issue of 0.08 crore shares aggregating to ₹1.68 crores and offer for sale of 0.02 crore shares aggregating to ₹0.4158 crores.
DMR Hydroengineering IPO bidding started from Nov 24, 2021 and ended on Nov 29, 2021. The allotment for DMR Hydroengineering IPO was finalized on Dec 2, 2021. The shares got listed on BSE SME on Dec 7, 2021.
DMR Hydroengineering IPO price is ₹21.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,52,000.
Shreni Shares Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Shreni Shares Ltd..
Refer to DMR Hydroengineering IPO RHP for detailed Information.
| IPO Date | November 24, 2021 to November 29, 2021 |
| Listing Date | December 7, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹21 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,96,000 shares (aggregating up to ₹2.09 Cr) |
| Reserved for Market Maker | 54,000 shares Shreni Shares Ltd. (aggregating up to ₹0.1134 Cr) |
| Fresh Issue (Ex Market Maker) | 7,44,000 shares (aggregating up to ₹1.56 Cr) |
| Offer for Sale | 1,98,000 shares of ₹10 (aggregating up to ₹0.4158 Cr) |
| Net Offered to Public | 9,42,000 shares (aggregating up to ₹1.98 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 29,28,200 shares |
| Share Holding Post Issue | 37,26,200 shares |
DMR SME IPO offers total 9,96,000 shares. Out of which 4,68,000 (46.99%) allocated to NII, 4,74,000 (47.59%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 54,000 (5.42%) |
| NII (HNI) Shares Offered | 4,68,000 (46.99%) |
| Retail Shares Offered | 4,74,000 (47.59%) |
| Total Shares Offered | 9,96,000 (100.00%) |
DMR Hydroengineering IPO opens on November 24, 2021, and closes on November 29, 2021.
| IPO Open Date | Wed, Nov 24, 2021 |
| IPO Close Date | Mon, Nov 29, 2021 |
| Tentative Allotment | Thu, Dec 2, 2021 |
| Initiation of Refunds | Fri, Dec 3, 2021 |
| Credit of Shares to Demat | Fri, Dec 3, 2021 |
| Tentative Listing Date | Tue, Dec 7, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 29, 2021 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,26,000 |
| Retail (Max) | 1 | 6,000 | ₹1,26,000 |
| HNI (Min) | 2 | 12,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
DMR is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels. The services offered by the company include the entire life cycle of projects covering design & engineering, due diligence & regulatory, bid management & construction engineering, and quality & inspection. Other serving sectors of the company are renewables, water resources, mining, and urban infrastructure.
The company has a presence across 11 states in India. Internationally the company provides services to over 5 countries including Nepal, Nigeria, Dubai, Germany, and Senegal.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 33.80 | 33.76 | 29.74 | 23.65 | |
| Total Revenue | 6.91 | 24.44 | 24.48 | 16.09 | |
| Profit After Tax | 2.03 | 6.05 | 5.15 | 3.02 | |
The net proceed from the IPO will be utilized towards the following purposes;
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. There are many big players as well. Margins reported by it from FY20 till now raise the concern of sustainability going forward. Based on IPO expenses, this issue is fully structured with funding arrangements. Though the issue appears lucratively priced based on its super earnings, considering its minuscule performance and concern for the sustainability of margins going forward, there is no harm in ignoring this issue. There is some mismatch in the Basis for the offer price data. Read detail review...
| Listing Date | December 7, 2021 |
| BSE Script Code | 543410 |
| NSE Symbol | |
| ISIN | INE07L501010 |
| Final Issue Price | ₹21 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹21.00 |
| Open | ₹25.00 |
| Low | ₹24.05 |
| High | ₹26.25 |
| Last Trade | ₹26.25 |
DMR Hydroengineering & Infrastructures Ltd.
H. No.- 473,
Sector-30,
Faridabad, Haryana, 121003
Phone: +91 1294360445
Email: investors@dmrengineering.net
Website: https://www.dmrengineering.net/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
DMR Hydroengineering IPO is a SME IPO of 9,96,000 equity shares of the face value of ₹10 aggregating up to ₹2.09 Crores. The issue is priced at ₹21 per share. The minimum order quantity is 6000.
The IPO opens on November 24, 2021, and closes on November 29, 2021.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DMR Hydroengineering IPO using UPI as a payment gateway. Zerodha customers can apply in DMR Hydroengineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DMR Hydroengineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DMR Hydroengineering IPO opens on November 24, 2021 and closes on November 29, 2021.
DMR Hydroengineering IPO lot size is 6000, and the minimum amount required for application is ₹1,26,000.
You can apply in DMR Hydroengineering 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 DMR Hydroengineering IPO will be done on Thursday, December 2, 2021, and the allotted shares will be credited to your demat account by Friday, December 3, 2021. Check the DMR Hydroengineering IPO allotment status.
The DMR Hydroengineering IPO listing date is on Tuesday, December 7, 2021.
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