IPO

Deepak Builders & Engineers India Limited IPO

Mainboard

Civil Construction

Listed On: Oct 28, 2024 at ₹ 200.0(NSE)

₹ 14819 /73 Shares

Check Allotment

21 Oct, 2024

Open Date

23 Oct, 2024

Close Date

24 Oct, 2024

Allotment Date

28 Oct, 2024

Listing Date
Price Summary

Last Closing

151.24 (-25.5%)

52 Week High

214.00

52 Week Low

128.50

Last Update

17-Oct-2025 3:30 PM
Deepak Builders & Engineers India IPO Issue Details
  • Issue Price ₹192-203 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 1,28,10,000 shares(aggregating up to ₹260.04 crore)
  • Fresh Share 1,07,00,000 shares(aggregating up to ₹217.21 crore)
  • Offer For Sale 21,10,000 shares(aggregating up to ₹42.83 crore)
  • Listing at BSE, NSE
  • List Price 200.0(NSE)
  • Listing Date 2024-10-28
  • Lead Manager Fedex Securities Pvt Ltd
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 73 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)173₹14,819
Retail(max)13949₹1,92,647
Deepak Builders & Engineers India IPO Reservation

Deepak Builders & Engineers India IPO offers total 12,810,000 shares. Out of which 2,562,061 (20%) allocated to QIB, 1,921,500 (15%) allocated to NII,4,483,500 (35%) allocated to RII, NA (NA%) allocated to employees and 3,842,939 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered3,842,939 (30%)
QIB Shares Offered2,562,061 (20%)
NII (HNI) Shares Offered1,921,500 (15%)
bNII < ₹10L1,281,000 (10%)
sNII < ₹10L640,500 (5%)
Retail Shares Offered4,483,500 (35%)
Total Shares Offered12,810,000 (100%)
Deepak Builders & Engineers India IPO Documents
DRHP
RHP
ANCHOR
Deepak Builders & Engineers India IPO Details


Deepak Builders & Engineers India IPO is a book-built issue of ₹260.04 crores, The total issue size is ₹260.04 crores. The IPO of Deepak Builders & Engineers India is priced at ₹192-203 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Oct 21, 2024 and ends on Oct 23, 2024. The allotment for Deepak Builders & Engineers India IPO will be finalized on Oct 24, 2024. Deepak Builders & Engineers India IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 28, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 73 shares, extendable to 14,819. The book-running lead manager for the IPO is/are Fedex Securities Pvt Ltd.

The total issue ₹260.04 crore, comprising a fresh issue of 1,07,00,000 shares ₹217.21 crore and having Offer for Sale (OFS) of 21,10,000 shares to mop up ₹42.83 crore.

The Deepak Builders & Engineers India IPO sets its price band at 192-203 for each share. A single application for Deepak Builders & Engineers India Limited IPO must contain at least 73 shares. Sentiment investors need to invest a minimum of 73 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,819

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Deepak Builders & Engineers India IPO Subscription Analysis And Details
Retail
39.78x
QIB
13.91x
NII
82.47x
bNII
77.86x
sNII
91.68x
Total
41.53x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved2,562,0611,921,500
1,281,000    640,500		4,483,5008,967,061
Day 1 21-10-24 05:00 PM
0.52 x4.26
3.38 x   6.02 x		6.12 x4.12 x
Day 2 22-10-24 05:00 PM
1.08 x17.40
14.34 x   23.52 x		15.96 x12.02 x
Day 3 23-10-24 05:00 PM
13.91 x82.47
77.86 x   91.68 x		39.78 x41.53 x
Total No of Applications
25,58,000
Subscription on the basis of Applications
Retail:38x BHNI:15.75x SHNI:87.78x
Deepak Builders & Engineers India Valuations
EPS Pre IPO 16.84
EPS Post IPO 12.20
P/E Pre IPO 12.06
P/E Post IPO 16.63
ROE 8.48%
ROCE 8.97%
Debt/Equity 0.91
RoNW 9.57%
PAT Margin 13.52
Price to Book Value 4.68
Deepak Builders & Engineers India Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets558.75449.3322.18
Revenue516.74435.46364.99
Profit After Tax60.4121.417.66
Net Worth141.2589.3570.34
Reserves & Surplus124.2264.6648.84
Total Borrowing153.0496.5779.65
About Deepak Builders & Engineers India Company

Deepak Builders & Engineers India Limited is an integrated engineering and construction company incorporated in September 2017. With unbroken good delivery experiences, the company has gained solid brand repute in not only construction but also in infrastructure development throughout India.

Company services majorly concentrate on two areas :
1.⁠ ⁠Construction Projects:
Company have successfully undertaken numerous construction projects that serve the needs of the following segments of society:
Administrative and institutional buildings,Hospitals and medical colleges,Industrial buildings,Historical memorials,Sports complexes,Residential complexes
All the projects work at the highest level to center around quality, sustainability, and timely delivery with a smile to satisfy all clients.

2.⁠ ⁠Infrastructure Projects:
Infrastructure group focuses on developing modern and robust infrastructure that meets the accelerating needs in a city. Key focus areas include:
Flyovers ,RUBs and ROBs, Developments and redevelopment railway stations.
Company reputation for excellence and attention to detail in structural work supporting public utilities and improving transportation networks.

The company has executed projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur,; Heritage Walk at Golden Temple Corridor, Amritsar, and fire ramps in specialized steel structures at AIIMS, Delhi.

As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.

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Deepak Builders & Engineers India - Promoter(s)

Deepak Kumar Singal

Sunita Singal

Pre Issue Share Holding : 100%

Post Issue Share Holding : 72.50%

Deepak Builders & Engineers India IPO - Issue Objectives
1

Repayment/prepayment, in full or part, of certain borrowings availed by the Company

2

Funding of working capital requirements of the Company

3

General corporate purposes

Deepak Builders & Engineers India IPO - Anchor Investors

Deepak Builders & Engineers India mobilises over Rs 78 crore from 5 anchor investors ahead of IPO.

Neomile Growth Fund became the largest investor by buying 14.77 lakh shares worth Rs 30 Crore, followed by Citadel Capital Fund which took 9.85 lakh shares worth Rs 20 Crore.

Zeal Global Opportunities Fund,Saint Capital Fund & Elite Capital Fund were other investors, combined investing Rs 28 Crore against 13.8 lakh shares.

Deepak Builders & Engineers India IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Deepak Builders & Engineers India Limited16.8416.8439.37N/A52.39N/ARestated Consolidated
Ircon International Ltd9.179.1761.3724.6715.763.7Consolidated
Ahluwalia Contracts (India) Ltd.56.0656.06239.1719.2523.444.51Consolidated
Psp Projects Ltd34.4234.42254.0619.1613.552.59Consolidated
Itd Cementation India Ltd15.9315.9386.9537.04206.86Consolidated

Notes:

  1. NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been calculated as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
  2. The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as of October 11, 2024, sourced from the NSE website, as divided by the Basic/Diluted EPS, as applicable.
  3. RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the owners of the Company divided by closing net worth.
  4. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
Strength
Deepak Builders and Engineers India Limited has completed 76 construction and infrastructure projects since its inception, establishing a strong market presence.
The company owns 397 major construction machines as of February 2024, ensuring reduced reliance on external providers and efficient project execution.
Accredited as a Class I – (Super) Contractor, the company can independently bid for projects up to ₹6,500 million, reflecting its substantial government clientele.
Weakness
Deepak Builders and Engineers India Limited faces risks from its dependency on government contracts. Any policy changes can terminate or delay projects, impacting financial results significantly.
Concentration on large-scale projects poses a risk; delays or complications could significantly affect the company's financial health due to the potential for cost overruns and reduced profitability.
Geographical concentration in Punjab exposes the company to regional policy changes, economic fluctuations, and potential project interruptions, which could adversely affect operations and earnings.
Contact Details

Deepak Builders & Engineers India

Ahluwalia Chambers, 1st Floor, Plot No. 16 &17, Local Shopping Centre, Madangir, near Pushpa Bhawan, South Delhi- 110062

+91 9875909242

investor@deepakbuilders.co.in

https://www.deepakbuilders.co.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

deepakbuilders.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/