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IPO Details

RHP/DRHP

Issue Date

21 Oct - 23 Oct'24

Investment/lot

₹ 14819

Price Range

192 - 203

Lot Size

73

IPO Size

₹ 260.04 Cr

IPO Listing Details

Listing On

28 Oct'24

Issue Price

203

Listed Price

₹ 200

Retail Gain/Listing Gain

â–¼-1.48%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Deepak Builders and Engineers is an integrated engineering and construction company, specialising in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complex, stadium and sports complex, residential complexes and various developmental and other construction activity (Construction Projects).

Objectives of the IPO:

  1. Repayment/prepayment, in full or part, of certain borrowings availed by our Company;
  2. Funding of working capital requirements of our company; and
  3. General corporate purposes.

Subscription details:

Qualified Institutional Buyer: 50%

Non-Institutional Buyer: 15%

Retail: 35%

Potential benefit for investors:

The company has a strong order book driven by government as well as non-government projects. By investing in Deepak builders and engineers IPO, the investor gets to be a part of a company that has an established and diverse clientele.

The company’s financials have shown a steady increase over the last few years. EBITDA has increased at 122.2% per year and PAT has grown at a rate of 182% Y-o-Y. By investing in Deepak builders and engineers IPO, one can be part of a company that is growing rapidly and one whose finances are in order.

The company is part of an industry that will be a driving force for the economy in the coming decades. Hence, by investing in Deepak builders and engineers, one can be a part of a company that will be a key force in shaping the infrastructure and economy of the country.

Particulars As of March 2024 As of March 2023 As of March 2022
Revenue from Operations
5,114.02
4,334.55
3,630.52
Total Equity and Liability
5,587.50
4,492.98
3,221.84
Return on average net worth
52.39
26.80
28.40

Presentation of key financial metrics and indicators to assess Deepak Builders and Engineers financial health.

Particulars (in Rs. million)

Particulars (in Rs. million)

Particulars (in ₹ Million) As of 31st March, 2024 As of 31st March, 2023 As of 31st March, 2022
Total Income
5,167.42
4,354.60
3,649.87
Profit/(Loss) before tax
817.85
287.26
237.46
Net profit/(loss)
604.10
213.95
176.64
EPS
16.84
5.96
4.92
EBITDA
1,175.39
528.93
438.71
Promoter Name Designation
Deepak Kumar Singhal
Chairman and Managing Director
Sunita Singhal
Whole-time Director

Established presence and proven record of accomplishment:

The company has completed seventeen construction & infrastructure projects, which majorly include projects such as four hospitals, three road projects, six developmental and construction activities, one stadium and sports complex, one residential complex and two administrative & institutional buildings aggregating to a total of ₹15,206.14 million.

Strong order book with a government client base:

The company’s order book for the three-month period ended June 30, 2024, FY 24, FY 23 and FY 22, amounted to ₹13,803.89 million, ₹11,126.88 million, ₹16,578.79 million and ₹7,196.32 million, respectively. As of June 30, 2024, their order book consists of twelve construction & infrastructure projects aggregating to a total value of ₹15,206.14 million.

Strong financial performance

The company’s revenue from operations has grown at a rate of 17.98% year-on-year and 19.39%, year-on-year in FY24 and FY23, respectively. EBITDA has grown at a rate of 122.22% year-on-year and 20.56%, year-on-year in FY24 and FY23, respectively and PAT has grown at a rate of 182.36% year-on-year and 21.12%, year-on-year in FY24, and FY23, respectively.

  • Their revenue is dependent on projects undertaken or awarded by government, semi-government, and government-controlled entities. Any adverse changes in the government policies may lead to their contracts being foreclosed, terminated, restructured, or renegotiated which may hurt the business.

  • Their project portfolio has historically been concentrated in Punjab, India and any changes affecting the policies, laws and regulations or the political and economic environment in the region may hurt their business.

  • In the past, their Promoter, Deepak Kumar Singal has been penalised for contravention of the Foreign Exchange Management Act, 1999.

  • Establish their position in Northern India and expand footprint in other geographies

  • Enhance their project execution capabilities

  • Leverage core competencies with enhanced in-house integration

Conclusion

Deepak Builders and Engineers comes with a strong order book, established clientele and a track record of handling diverse projects and solid financials. However, chances of disruptions in the global supply chains, and changes in government regulations domestically as well as internationally pose challenges to the company. If you want to invest in the IPO, ensure you do your homework and assess the risks and challenges thoroughly.

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Deepak Builders & Engineers India Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Deepak Builders & Engineers India Limited IPO FAQs

Deepak Builders & Engineers India Limited IPO will list on 2024-10-28.

260.04 is the issue size of Deepak Builders & Engineers India Limited IPO.

The minimum lot size is 73 shares and the investment required is ₹14819.

The price band of Deepak Builders & Engineers India Limited IPO is ₹192 to ₹203.

You can read more about Deepak Builders & Engineers India Limited and its IPO from the company’s red herring prospectus (RHP) here.

The Deepak Builders and Engineers IPO has an issue size of ₹260.04 crores. The IPO opens for subscription on 21/10/2024 and closes on 23/10/2024.

Kfin Technologies Limited is the registrar for this IPO.

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