Deepak Builders & Engineers India Limited (MAINBOARD)

Oct 21, 2024 - Oct 23, 2024

Premium	₹32
Price	₹192 - ₹203
Lot size	73
Allotment	Oct 24, 2024
Listing	Oct 28, 2024

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	73	14819	61418
sHNI	14	1022	207466	627
bHNI	68	4964	1007692	1253

Last updated on 23-Oct-2024 18:39:08

Category	Offered	Applied	Times
QIBs	2562061	35627577	13.91
HNIs	1921500	158468546	82.47
HNIs 10+	1281000	99740265	77.86
HNIs 2+	640500	58728281	91.69
Retail	4483500	178383749	39.79
Total	8967061	372479872	41.54

Application Wise Breakup (Approx)
Category	Reserved	Applied	Times
HNIs (10L+)	1253	19732	15.75
HNIs (2-10L)	627	55037	87.78
Retail	61418	2483279	40.43
Total Applications: 2558048
© IPO Premium

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
QIBs	52.01	723.24	13.91
FIIs	-	413.47	-
DIIs	-	178.31	-
Mutual funds	-	0	-
Others	-	131.46	-
HNIs	39.01	3216.91	82.47
HNIs 10+	26	2024.73	77.86
HNIs 2+	13	1192.18	91.69
Retail	91.02	3621.19	39.79
Total	182.03	7561.34	41.54

QIB Interest Cost per share (7 Days)
@7% ₹3.79	@8% ₹4.33	@9% ₹4.87	@10% ₹5.42	@11% ₹5.96	@12% ₹6.5

About

Deepak Builders & Engineers IPO Details

Issue Size	12,810,000 shares (aggregating up to ₹[260.04] Cr)
Fresh Issue	10,700,000 shares (aggregating up to ₹[217.21] Cr)
Offer for Sale	2,110,000 shares of ₹10 (aggregating up to ₹[42.83] Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share holding pre issue	35,880,860
Share holding post issue	46,580,860

Deepak Builders & Engineers IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Key Performance Indicator

KPI	Jun-24	Mar-24	Mar-23
ROE	8.48%	39.39%	23.06%
ROCE	8.97%	41.72%	26.10%
RONW	9.57%	52.39%	26.80%
D/E	0.91	1	1.04
EPS (basic)	3.96	16.84	5.96
P/E Pre IPO	12.06
P/E Post IPO	16.63

Company Financials

Deepak Builders & Engineers India Limited Financial Information (Restated)

Deepak Builders & Engineers India Limited's revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.

Period	30 Jun 2024	Mar 2024	Mar 2023	Mar 2022
Assets	641.1	558.75	449.3	322.18
Revenue	106.34	516.74	435.46	364.99
Profit	14.21	60.41	21.4	17.66
Net Worth	155.81	141.25	89.35	70.34
Reserves	138.23	124.22	64.66	48.84
Borrowing	153.17	153.04	96.57	79.65
Amount in ₹ Crore

About Company

Deepak Builders & Engineers India Limited, incorporated in September 2017, is an integrated engineering and construction firm engaged in executing a diverse range of projects under two primary categories: Construction Projects and Infrastructure Projects. The company's Construction Projects encompass administrative and institutional buildings, hospitals, medical colleges, industrial buildings, historical memorials, sports complexes, and residential complexes. In Infrastructure Projects, they specialize in structural work such as flyovers, rail under bridges and over bridges, and the development and redevelopment of railway stations. Operating on a national scale, the company manages projects across four states—Punjab, Haryana, Rajasthan, and Uttarakhand—and two Union Territories, including Chandigarh and the National Capital Territory of Delhi. Deepak Builders & Engineers India Limited provides Engineering, Procurement, and Construction (EPC) services on both fixed-sum turnkey and item-rate/percentage bases.

Lead Manager(s)

Fedex Securities Pvt Ltd

Strength

Proven Track Record: With 76 completed construction and infrastructure projects, Deepak Builders & Engineers India Limited has established a strong market presence and expertise in diverse project types.

Class I – (Super) Contractor Status: The company's accreditation allows it to independently bid for projects up to ₹6,500 million, highlighting its capability to handle large-scale government projects.

Extensive Equipment Ownership: Owning 397 major construction machines as of February 2024 enables efficient project execution and reduces dependency on external providers.

Weakness

Dependency on Government Contracts: Reliance on government projects makes the company vulnerable to policy changes, which could lead to project delays or cancellations, significantly impacting financial results.

Concentration on Large-Scale Projects: The focus on large projects increases the risk of cost overruns or delays, which could severely affect profitability and financial stability.

Geographical Risk: Heavy concentration in Punjab exposes the company to regional economic shifts, policy changes, and potential project interruptions, threatening operational continuity and earnings.

Avoid

Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: deepakbuilders.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/