Deepak Builders & Engineers India was originally incorporated on September 11, 2017. It is an integrated engineering and construction company, specialising in the execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, stadium and sports complexes, residential complexes, and various developmental and other construction activity.
| Bidding Dates |
|---|
| 21 Oct 2024 - 23 Oct 2024 |
| Subscription |
|---|
| 41.54x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,016 | 1 | 13 | 73 | 12.8 M | ₹192 - ₹203 | 72.5 % | ₹2459.5 M - ₹2600.4 M | RHP DOC |
Deepak Builders & Engineers India Ltd. IPO SUBSCRIPTION STATUS
23 Oct '24Deepak Builders & Engineers India Ltd. IPO overall subscription rate was 41.54 times the total available shares
Deepak Builders & Engineers India Ltd. IPO retail subscription rate was 39.79 times in the retail segment
Deepak Builders & Engineers India Ltd. IPO non-institutional investor subscription rate was 82.47 times in the non-institutional investor category
Deepak Builders & Engineers India Ltd. IPO Qualified Institutional Bidder subscription rate was 13.91 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 Oct 2024 (Day 3) | 39.79x | 82.47x | 13.91x |
22 Oct 2024 (Day 2) | 15.96x | 17.4x | 1.08x |
21 Oct 2024 (Day 1) | 6.12x | 4.26x | 0.52x |
Deepak Builders & Engineers India Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY25 | 142.1 | 1,240.3 | 64.3 | 59.1 | 29.9% |
| FY24 | 604.1 | 6,034.3 | -268.5 | -379.1 | 23.0% |
| FY23 | 214.0 | 5,073.4 | 128.8 | -2.2 | 12.2% |
| FY22 | 176.6 | 4,160.0 | 6.0 | -45.9 | 12.1% |
Deepak Builders & Engineers India Ltd. IPO SUBSCRIPTION STATUS DETAILS
Deepak Builders & Engineers India Ltd. had 12.8 M shares on offer
Deepak Builders & Engineers India Ltd. IPO offer price was in the range ₹192 - ₹203
Deepak Builders & Engineers India Ltd. IPO minimum Investment was ₹14016
Deepak Builders & Engineers India Ltd. IPO issue size was ₹ 2459.5 M - ₹ 2600.4 M
Deepak Builders & Engineers India Ltd. had a minimum lot size of 73 Shares per application
Deepak Builders & Engineers India Ltd. NUMBER OF SHARES ON OFFER
Deepak Builders & Engineers India Ltd. IPO IMPORTANT DATES
| Issue Open Date | 21 Oct 2024 |
| Issue close Date | 23 Oct 2024 |
| Allotment Date | 24 Oct 2024 |
| Refund Date | 25 Oct 2024 |
| Demat Account Credit Date | 25 Oct 2024 |
| Listing Date | 28 Oct 2024 |
| Listing on Exchange(s) | NSE and BSE |
| Deepak Builders & Engineers India Ltd. Allotment Status | Exchange |
Deepak Builders & Engineers India Ltd. IPO subscription opened on 21 Oct 2024, and closed on 23 Oct 2024
IPO allotment for Deepak Builders & Engineers India Ltd. was finalized on Thursday, 24 Oct 2024
IPO listing for Deepak Builders & Engineers India Ltd. was on NSE and BSE on Monday, 28 Oct 2024
Deepak Builders & Engineers India Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 20.3 |
| Listing Open Price | 200.0 |
| Listing Close Price | 161.9 |
| Listing Gain% | -1.5% |
| Current Gain% | -64.2% |
Deepak Builders & Engineers India Ltd. Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deepak Builders & Engineers India Ltd. | 7.3 | 33.8 | 8.5 | -0.3 | 0.6 | 8.9 | 4 | 559.9 | -4.6 | 39.7 | -30.1 | 0.9 | -30.1 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Deepak Builders & Engineers India Ltd. IPO Reports
Deepak Builders & Engineers India Ltd. INFORMATION ON IPO ISSUE
About Deepak Builders & Engineers India Ltd.
Deepak Builders & Engineers India was originally incorporated on September 11, 2017. It is an integrated engineering and construction company, specialising in the execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, stadium and sports complexes, residential complexes, and various developmental and other construction activity.
Object of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed by the company
- Funding of working capital requirements of the company
- General corporate purposes
Deepak Builders & Engineers India Ltd. - PROMOTERS
| Name |
|---|
| Deepak Kumar Singal |
| Sunita Singal |
Deepak Builders & Engineers India Ltd. Book running lead manager
Fedex Securities Private Limited
mb@fedsec.in
Deepak Builders & Engineers India Ltd. Registrar to the issue
Kfin Technologies Limited
deepakbuilders.ipo@kfintech.com
Deepak Builders & Engineers India Ltd. Strengths
Established presence
The company has completed 16 construction & infrastructure projects. It has been accredited as a Class I – (Super) Contractor with the Central Public Work Department, Government of India, and is pre-qualified to bid independently and undertake projects with a contract value of up to Rs 650 crore for construction & infrastructure projects
Decent order book
As of February 29, 2024, the company's order book consists of eleven (11) construction & infrastructure projects, which include: (i) six (6) construction projects, comprising four (4) hospital and medical college building projects, one (1) institutional and administrative building project, and one (1) industrial building project; and (ii) five (5) infrastructure projects, comprising two (2) road projects and three (3) railway projects related to the upgrade/development/redevelopment of railway stations and associated work
Continuous focus on equipment ownership
As of February 29, 2024, the company owns and maintains 397 major pieces of equipment and machinery, including concrete mixers, boom pumps, transit mixers, JCBs, rollers, mobile tower cranes, containers, among others
Deepak Builders & Engineers India Ltd. Risks
Concentrated revenue
The company's revenue is primarily derived from projects undertaken or awarded by government, semi-government, and government-controlled entities. Any adverse changes in government policies may lead to its contracts being foreclosed, terminated, restructured, or renegotiated, which could materially affect the business and results of operations
Project portfolio concentrated in Punjab
While the company has a diversified geographical presence, its project portfolio has historically been concentrated in Punjab, India. Any changes affecting the policies, laws, regulations, or the political and economic environment in the region may adversely impact the business
Limited number of clients
The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant clients could have an adverse effect on the business, financial condition, results of operations, and prospects
IPO FAQs
Deepak Builders & Engineers India Ltd. IPO listing opened at Rs 200.00 while the issue price was Rs 203.00 giving -1.48% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 20.30 giving -64.24% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 42.8 crore, of 2,110,000 shares. It also consists of a fresh issue of Rs 217.2 crore.
The promoters of the company are Deepak Kumar Singal and Sunita Singal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 192.0 - 203.0.
The IPO application opens on Oct 21, 2024 and closes on Oct 23, 2024.
The minimum lot size for the IPO is 73. The maximum lot size for the IPO is 949.
For all category investors, the minimum application amount for this IPO is Rs. 14,016.0, the maximum value for this IPO is Rs 192,647.0.
This IPO will be allotted on Oct 24, 2024.
The refund will be credited to your account on Oct 25, 2024.
The allotted shares will be credited to your demat on Oct 25, 2024.
Deepak Builders & Engineers India Ltd.’s shares listed on the stock exchanges on Oct 28, 2024.