Dilip builders IPO is going to open for subscription on 21st October, at present IPO GMP trading at 60 rupees per share. GMP showing around 20% gains at present. IPO price band is set between 192-203 rupees.
Deepak Builders & Engineers India Limited
Deepak Builders & Engineers India Limited (DBEIL), established in 1987, is a leading construction and infrastructure firm in India. Throughout the years, it has undertaken numerous large-scale projects, focusing on civil construction and infrastructure development. The company operates in various sectors, including government buildings, hospitals, residential complexes, stadiums, and essential infrastructure such as flyovers, rail over bridges, and the redevelopment of railway stations.
Deepak Builders IPO Financials Details
| IPO Financial Detail | Information |
|---|---|
| IPO Size | ₹246–₹260 crore |
| Price Band | ₹192–₹203 per share |
| Market Lot | 73 shares per lot |
| Minimum Investment Amount | ₹14,819 (for one lot) |
| Issue Type | Book Built Issue |
| Listing Exchange | NSE, BSE |
| Face Value | ₹10 per share |
Deepak Builders IPO Important Dates
Dilip Builders and Engineers IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | October 24, 2024 |
| IPO Closing Date | October 26, 2024 |
| Finalization of Allotment | October 30, 2024 |
| Initiation of Refunds | October 31, 2024 |
| Credit of Shares to Demat Accounts | November 1, 2024 |
| IPO Listing Date | November 5, 2024 |
Deepak Builders IPO GMP Today
| Date | GMP |
|---|---|
| Today | 60 |
| 19 Oct 2024 | 45 |
| 18 Oct 2024 | 28 |
| 17 Oct 2024 | 25 |
| 16 Oct 2024 | 15 |
Deepak Builders IPO Subscription status
Deepak Builders & Engineers India Limited – DRHP
Company Financial Details
| Metric | FY 2023 | FY 2024 | Growth |
|---|---|---|---|
| Revenue (₹ crore) | ₹435.46 crore | ₹516.74 crore | 19% |
| Profit After Tax (PAT) | ₹21.4 crore | ₹60.41 crore | 182% |
| Net Worth (₹ crore) | ₹89.35 crore | ₹141.25 crore | 58% |
| Debt-to-Equity Ratio | 1.00 | 0.91 | Improved |
| Return on Equity (ROE) | 23.95% | 39.39% | – |
Operating Model
Construction Projects: This encompasses the building of administrative complexes, hospitals, medical colleges, industrial facilities, memorial sites, and sports stadiums.
Infrastructure Projects: The company specializes in large-scale government contracts, particularly in structural endeavors such as flyovers, road overbridges, and the redevelopment of railway stations.
As of 2024, DBEIL operates across four Indian states and two Union Territories, including Delhi and Chandigarh, showcasing its robust regional presence. The company has notably completed over 76 significant projects, demonstrating its vast experience and capability in managing both construction and infrastructure tasks.
Strengths and Risks
Strengths:
Track Record: DBEIL has a proven history of completing turnkey projects. This gives it a strong position in the construction and infrastructure fields.
Accreditation: The company has “Class I – Super” contractor status. This allows it to make independent bids for big government projects worth up to ₹6,500 million.
Equipment Ownership: DBEIL owns 397 major construction machines. This gives it flexibility in its operations and cuts down its need for third-party providers.
Risks:
Government Contract Dependence: The company’s strong reliance on government projects makes it vulnerable to policy shifts and project holdups, which could affect its earnings and profits.
Regional Focus: A large part of the company’s work centers on Punjab exposing it to local economic and policy challenges.
Ongoing Projects
DBEIL keeps growing its project list with several major government and private sector jobs. Its skill in managing big and intricate tasks in city infrastructure, has built its strong standing in the field.
Deepak Builders IPO FAQs
1. What is the Deepak Builders IPO?
The Deepak Builders IPO is the initial public offering of shares by Deepak Builders, allowing the public to invest in the company for the first time.
2. When will the Deepak Builders IPO open and close?
The IPO will open for subscription on 21 Oct 2024 and close on 21 Oct 2024.
3. What is the price band for the Deepak Builders IPO?
The price band for the IPO is set between 192-203.
4. How can I apply for the Deepak Builders IPO?
Investors can apply through their brokerage accounts like zerodha, angel one etc. online platforms or ASBA (Applications Supported by Blocked Amount) through banks. Offline applications can also be submitted via physical forms.
5. What is GMP of Deepak Builders IPO?
Its Trading at 60 today.
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