Deepak Builders and Engineers India Limited IPO Opens On October 21. Check IPO Details Issue Date Price

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Deepak Builders and Engineers India Limited IPO Opens On October 21. Check IPO Details Issue Date Price

October 21, 2024
Deepak Builders and Engineers India Limited IPO Opens On October 21. Check IPO Details Issue Date Price

Deepak Builders and Engineers India Limited is coming out with an initial public offer to raise Rs. 260.04 crores from the market.

Below are the details of the Deepak Builders and Engineers India Limited IPO:

  • Issue opens – October 21 (Monday)
  • Issue closes – October 23 (Wednesday)
  • Issue size – Rs. 260.04 crores
  • Price band – Rs. 192 to 203 per equity share
  • Bid lot – 73 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Deepak Builders & Engineers India Limited is an integrated engineering and construction company, specializing in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial building, historical memorial complex, stadium and sports complex, residential complex and various developmental and other construction activity (“Construction Projects”). While their primary focus and strength are deeply rooted in Construction Projects, they have diversified in undertaking specialized structural work such as flyovers, rail under bridge, rail over bridges, approach roads and development and redevelopment of railway stations (“Infrastructure Projects”) (Construction Projects and Infrastructure Projects collectively referred to as “Construction & Infrastructure Projects”).
  • They undertake Construction & Infrastructure Projects both, as EPC services on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis. As an engineering and construction company, they have a proven track record of executing turnkey projects comprising of architectural & structural work, civil works, HVAC, Mechanical Electrical & Plumbing (“MEP”) works, firefighting & fire alarm systems, public health services, information technology system, modular operation theatre, medical gas pipeline systems and external development work, including landscaping work. Since incorporation, they believe they have transitioned into an established EPC player, demonstrating their expertise in various construction and infrastructure development projects including specialized structures across four (4) states of India, i.e. Punjab, Haryana, Rajasthan, Uttarakhand and two (2) Union Territories i.e. Chandigarh and National Capital Territory of Delhi.
  • Currently, Company has twelve (12) ongoing projects, including seven (7) EPC projects and five (5) item-rate/percentage rate contracts. Of their total ongoing projects, their Construction Projects comprises of four (4) hospital and medical college projects, one (1) administrative & institutional buildings; one (1) industrial building; and their Infrastructure Projects comprises of four (4) projects relating to upgradation/development/redevelopment of Railway Station and related work, and two (2) roads & bridges projects relating to rail over bridges. Further, they also undertake operation and maintenance (“O&M”) activities in accordance with their contractual obligations under the projects.

Issue Size: Rs. 260.04 crores

Issue break-up:

QIB – 50 % of the offer – Rs. 130.02 Cr.
NIB – 15 % of the offer – Rs. 39.01 Cr.
RET – 35 % of the offer – Rs. 91.02 Cr.

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Wednesday, October 23rd, 2024.

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