Deepak Builders & Engineers India
IPO Timeline
Issue open date
21 Oct 2024Issue close date
23 Oct 2024UPI mandate deadline
23 Oct 2024Allotment finalization
24 Oct 2024Refund initiation
25 Oct 2024Share credit
25 Oct 2024Listing date
28 Oct 2024Mandate end date
7 Nov 2024Lock-in end date for anchor investors (50%)
23 Nov 2024Lock-in end date for anchor investors (remaining)
22 Jan 2025Key Dates
Quick Stats
About the Company
Deepak Builders and Engineers India Limited is an integrated engineering and construction company specialising in various projects, including administrative and institutional buildings, hospitals, industrial buildings, sports complexes, and more. The company has diversified into infrastructure projects like flyovers, bridges, and railway station development. Projects are executed as EPC services on a turnkey or item-rate basis. Since its inception in 2017, the company has expanded across four Indian states and two Union Territories, completing 60+ projects, with 17 completed since acquiring the business of Deepak Builders. The order book as of June 2024 stands at ₹1380.40 crore, with significant contributions from railway and industrial projects. The company is pre-qualified for government tenders up to ₹650 million and continues to grow with ongoing projects in various sectors.
Strengths
- Deepak Builders and Engineers India Limited has a robust order book, a prestigious client base, and a history of sustained financial performance.
- The company’s investment in its equipment fleet ensures efficient project execution.
- The company benefits from experienced leadership and a motivated workforce.
- The company’s expertise in handling modern construction equipment ensures timely and effective project delivery.
Risks
- Reliance on a small number of clients, especially government agencies, poses risks.
- Potential legal issues could lead to financial penalties and operational disruptions.
- Interest rate fluctuations and bank guarantees could impact financial stability.
- Reliance on leased premises and equipment increases operating costs and risks.
Deepak Builders & Engineers India IPO – Frequently Asked Questions
- The price band for the Deepak Builders & Engineers India IPO is set at ₹192 to ₹203 per share.
- The Deepak Builders & Engineers India IPO opens on October 21, 2024 and closes on October 23, 2024.
- The tentative listing date for the Deepak Builders & Engineers India IPO is October 28, 2024.
- You can apply for the Deepak Builders & Engineers India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Deepak Builders & Engineers India, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Deepak Builders & Engineers India IPO is 73 shares. Investors must apply for at least one lot (i.e., 73 shares).