Deepak Builders IPO Details: The Deepak Builders IPO will open on October 21, 2024, and close on October 23, 2024. This IPO follows the Book Built Issue process, with the company aiming to raise approximately ₹260 crores. The offering consists of a fresh issue of ₹217 crores and an offer for sale of up to 2,110,000 equity shares, each with a face value of ₹10.
The IPO price band is set between ₹192 and ₹203 per share. The allocation quota reserves 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Deepak Builders is scheduled to list on both the BSE and NSE on October 28, 2024, with the allotment date confirmed for October 24, 2024.
In terms of financial performance, the company reported revenue of ₹516.74 crores in 2024, up from ₹435.46 crores in 2023. Its profit also saw significant growth, rising to ₹60.41 crores in 2024 from ₹21.40 crores in the previous year. Given the company’s financial trajectory, the IPO presents a promising long-term investment opportunity for investors.
Table of Contents
ToggleDeepak Builders IPO Objectives:
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
- Funding of working capital requirements of the company and
- General corporate purposes.
Deepak Builders IPO Review (Apply or Not)
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Deepak Builders IPO Date & Price Band Details:
IPO Issue Opening Date: | 21st Oct 2024 |
IPO Issue Closing Date: | 23rd Oct 2024 |
IPO Issue Price: | ₹192.00-203.00 Per Share |
DRHP: | Download DRHP |
RHP: | Download RHP |
IPO Listing At: | BSE, NSE |
Retail Quota: | Not less than 35.00% of the Net Issue |
IPO Issue Type: | Book Build Issue |
IPO Issue Size: | ₹260.04 Cr |
Offer for Sale: | ₹42.83 Cr |
Fresh Issue: | ₹217.21 Cr |
Face Value: | ₹10 Per Equity Share |
IPO Discount: | TBD |
Promoter Holding Pre IPO: | 100% |
Promoter Holding Post IPO: | 72.50% |
Deepak Builders IPO Lot Size:
The minimum market lot for the Deepak Builders IPO is 73 shares, requiring an application amount of ₹14,819. Retail investors can apply for a maximum of 13 lots, totaling 949 shares, which amounts to ₹192,647.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 73 | ₹14,819 |
Retail Maximum | 13 | 949 | ₹192,647 |
S-HNI Minimum | 14 | 1,022 | ₹207,466 |
B-HNI Minimum | 68 | 4,964 | ₹1,007,692 |
Deepak Builders IPO Timeline:
The Deepak Builders IPO will open on October 21, 2024, and close on October 23, 2024. The allotment will be finalized on October 24, 2024, with the IPO set to list on the stock exchanges (BSE and NSE) on October 28, 2024.
IPO Open Date: | October 21, 2024 |
IPO Close Date: | October 23, 2024 |
Basis of Allotment: | October 24, 2024 |
Refunds: | October 25, 2024 |
Credit to Demat Account: | October 25, 2024 |
IPO Listing Date: | October 28, 2024 |
Deepak Builders IPO GMP Today:
The latest Grey Market Premium (GMP) for Deepak Builders Engineers IPO is ₹23. Based on the upper price band of ₹203, the estimated listing price is ₹226 (cap price + today’s GMP). This suggests a potential gain of 11.33% per share.
Promoters of Deepak Builders IPO
The company’s promoters are Deepak Kumar Singal and Sunita Singal.
About Deepak Builders & Engineers India Limited
Founded in 2017 in Punjab, Deepak Builders & Engineers India Limited is an engineering and construction company specializing in the development of hospitals, medical colleges, industrial complexes, and administrative & institutional buildings. The company’s expanding project portfolio has opened new avenues for bidding and project execution opportunities.
So far, Deepak Builders has successfully completed 16 projects, including notable works such as the Jung-e-Azadi Memorial in Kartarpur, Jalandhar, along with several other projects in Punjab, amounting to a total contract value of ₹2,183.60 million. The company also undertakes a variety of domestic construction projects.
With a dedicated team of 642 full-time employees, the company prides itself on their expertise and commitment to delivering high-quality projects that meet customer expectations.
Deepak Builders IPO Company Financial Report
The company reported revenue of ₹516.74 crores in 2024 against ₹435.46 crore in 2023. The company reported profit of ₹60.41 crores in 2024 against profit of ₹21.40 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2021 | ₹312.04 | ₹294.01 | ₹12.93 | ₹243.17 |
2022 | ₹364.99 | ₹341.24 | ₹17.66 | ₹322.18 |
2023 | ₹435.46 | ₹406.73 | ₹21.40 | ₹449.30 |
2024 | ₹516.74 | ₹434.96 | ₹60.41 | ₹558.75 |
June 2024 | ₹106.34 | ₹223.46 | ₹14.21 | ₹641.1 |
Deepak Builders IPO Valuation – FY2024
Check Deepak Builders IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 39.39% |
ROCE: | 41.72% |
EBITDA Margin: | 22.98% |
PAT Margin: | 11.81% |
Debt to equity ratio: | 1.00 |
Earning Per Share (EPS): | ₹16.84 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 52.39% |
Net Asset Value (NAV): | ₹39.37 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
IRCON International Limited | 9.17 | 24.67 | 15.76% | 61.37 | – Cr. |
Ahluwalia Contracts (India) Limited | 56.06 | 19.25 | 23.44% | 239.17 | – Cr. |
PSP Projects Limited | 34.42 | 19.16 | 13.55% | 254.06 | – Cr. |
ITD Cementation Limited | 15.93 | 37.04 | 20.00% | 86.95 | – Cr. |
Deepak Builders IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222
E-mail: deepakbuilders.ipo@kfintech.com
Website: https://ris.kfintech.com/
IPO Lead Managers aka Merchant Bankers
- Fedex Securities Private Limited
Company Address
Deepak Builders & Engineers India Limited
Ahluwalia Chambers, 1st Floor, Plot No. 16 &17,
Local Shopping Centre, Madangir, near Pushpa
Bhawan, South Delhi, New Delhi – 110 062, India
Phone: +91 90 3099 4222;
Email: investors@premierenergies.com;
Website: www.premierenergies.com
Deepak Builders IPO FAQs
1. What is Deepak Builders IPO?
Deepak Builders IPO is a main-board IPO through which the company aims to raise ₹260 crores. The issue is priced between ₹192 to ₹203 per share, and the IPO will be listed on both BSE and NSE.
2. When will Deepak Builders IPO open for subscription?
The IPO will open for subscription on October 21, 2024, for QIB, NII, and Retail Investors, and will close on October 23, 2024.
3. What is the Investors’ Portion for Deepak Builders IPO?
- QIB (Qualified Institutional Buyers): 50%
- NII (Non-Institutional Investors): 15%
- Retail Investors: 35%
4. How to Apply for Deepak Builders IPO?
You can apply for the IPO through:
- ASBA via your bank account
- UPI through stockbrokers
- Offline forms provided by stockbrokers
5. What is the Issue Size of Deepak Builders IPO?
The total issue size is ₹260 crores.
6. What is the Price Band of Deepak Builders IPO?
The price band is ₹192 to ₹203 per equity share.
7. What is the Lot Size for Deepak Builders IPO?
The minimum bid is 73 shares, amounting to ₹14,819.
8. When will the Allotment for Deepak Builders IPO be Finalized?
The allotment will be finalized on October 24, 2024.
9. What is the Listing Date for Deepak Builders IPO?
The IPO will be listed on October 28, 2024 on BSE and NSE.