Deepak Builders & Engineers India Limited is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities.
The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.
The company’s business can be categorized into the following verticals:
- Construction Projects business;
- Infrastructure Projects business; and
- Sale of products.
The company has completed construction and infrastructure projects in four states of India – Punjab, Haryana, Rajasthan, Uttarakhand – and two Union Territories – Chandigarh and the National Capital Territory of Delhi.
The company manages twelve projects, including seven EPC projects and five item rate/percentage rate contracts. Within the ongoing projects, the construction portfolio consists of four hospital and medical college projects, one administrative & and institutional building, and one industrial building. The infrastructure projects include four projects focused on upgrading, developing, and redeveloping railway stations and related work, as well as two road and bridge projects related to rail over bridges.
As of June 30, 2024, the company’s order book amounts are as follows: Rs 13,803.89 million for Fiscal 2024, Rs 11,126.88 million for Fiscal 2023, and Rs 16,578.79 million for Fiscal 2022, and Rs 7,196.32 million for Fiscal 2021.
The company has experience in executing projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur, Punjab; Heritage Walk at Golden Temple Corridor, Amritsar, Punjab; 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.
Deepak Builders and Engineers IPO – Details
| IPO Opening Date | 21 October 2024 |
| IPO Closing Date | 23 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,28,10,000 Shares Worth ₹260.04 Crore Fresh Issue: 1,07,00,000 Shares Worth ₹217.21 Crore Offer For Sale: 21,10,000 Shares Worth ₹42.83 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹192 – ₹203 per share |
| Market Lot | 73 Shares |
| Min Order | 73 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Deepak Builders and Engineers IPO – Date Schedule
| IPO Open Date | 21 October 2024 |
| IPO Close Date | 23 October 2024 |
| Basis of Allotment | 24 October 2024 |
| Initiation of Refund | 25 October 2024 |
| Credit of Shares to Demat Account | 25 October 2024 |
| IPO Listing Date | 28 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 23, 2024 |
Deepak Builders and Engineers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 73 | ₹14,819 |
| Retail (Max) | 13 | 949 | ₹1,92,647 |
| S-HNI (Min) | 14 | 1,022 | ₹2,07,466 |
| S-HNI (Max) | 67 | 4,891 | ₹9,92,873 |
| B-HNI (Min) | 68 | 4,964 | ₹10,07,692 |
Competitive Strengths
- Established presence and proven track record;
- Decent order book with a government client base;
- Strong financial performance;
- Experienced Promoters and Strong Senior Management Expertise.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 364.98 | 341.24 | 17.66 | 79.65 |
| 31 March 2023 | 435.46 | 406.73 | 21.39 | 96.57 |
| 31 March 2024 | 516.74 | 434.95 | 60.41 | 153.04 |
| 30 June 2024 | 106.33 | 83.09 | 14.21 | 153.17 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 8.48% |
| ROCE | 8.97% |
| Debt/Equity | 0.91 |
| RoNW | 9.57% |
| P/BV | 4.68 |
| PAT Margin (%) | 13.52 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 16.84 | 12.2 |
| P/E (x) | 12.06 | 16.63 |
Object Of The Issue
- 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 and Engineers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | IRCON International Limited | 24.67 |
| 2 | 2 | Ahluwalia Contracts (India) Limited | 19.25 |
| 3 | 10 | PSP Projects Limited | 19.16 |
| 4 | 1 | ITD Cementation Limited | 37.04 |
Deepak Builders and Engineers IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 72.50% |
Deepak Builders and Engineers IPO Prospectus
Company Contact Information
| Deepak Builders & Engineers India Limited Ahluwalia Chambers, 1st Floor Plot No. 16 &17, Local Shopping Centre Madangir, near Pushpa Bhawan, South Delhi- 110062 Phone: +91 9875909242 Email: investor@deepakbuilders.co.in Website: https://www.deepakbuilders.co.in/ |
Deepak Builders and Engineers IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: deepakbuilders.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Deepak Builders and Engineers IPO Lead Manager(s)
| 1. Fedex Securities Private Limited |
Deepak Builders and Engineers IPO FAQs
| What is Deepak Builders and Engineers IPO? Deepak Builders and Engineers IPO is a main-board IPO. The issue is priced at ₹192 to ₹203 per equity share. The IPO is to be listed on BSE & NSE. |
| When Deepak Builders and Engineers IPO will open? The IPO is to open on 21 October 2024 for QIB, NII, and Retail Investors. |
| What is Deepak Builders and Engineers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Deepak Builders and Engineers IPO? You can apply Deepak Builders and Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Deepak Builders and Engineers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Builders and Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Deepak Builders and Engineers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Builders and Engineers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Deepak Builders and Engineers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Builders and Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Deepak Builders and Engineers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Deepak Builders and Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Deepak Builders and Engineers IPO Size? Deepak Builders and Engineers IPO size is ₹260.04 Crore. |
| What is the Deepak Builders and Engineers IPO Price Band? Deepak Builders and Engineers IPO Price Band is ₹192 to ₹203. |
| What is Deepak Builders and Engineers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 73 Shares with ₹14,819 amount while the maximum bid is 949 Shares with ₹1,92,647. |
| What is the Deepak Builders and Engineers IPO Allotment Date? Deepak Builders and Engineers IPO allotment date is 24 October 2024. |
| What is the Deepak Builders and Engineers IPO Listing Date? Deepak Builders and Engineers IPO listing date is 28 October 2024. The IPO is to be listed on BSE and NSE. |
