Deepak Builders & Engineers India Limited is an engineering and construction company established in 2017 in Punjab. The company is focused on constructing hospitals, medical colleges, industrial buildings, and administrative & institutional buildings. To date, the company has completed 16 projects, including the Jung e Azadi memorial in Kartarpur, Jalandhar, and other projects in Punjab, with a combined contract value of ₹2,183.60 million. The company boasts a team of 642 full-time employees with exceptional skills and experience, all dedicated to meeting customer requirements.
Deepak Builders IPO open date is October 21, 2024 and the IPO will close on October 23, 2024. Deepak Builders IPO is a Book Built Issue. The company to raise around ₹260 crores via IPO that comprises fresh issue of ₹217 crores and offer for sale up to 2,110,000 equity shares with face value of ₹10 each. Deepak Builders IPO price band is ₹192 to ₹203 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Deepak Builders IPO to list on BSE & NSE on October 28, 2024. The allotment of Deepak Builders IPO date is October 24, 2024. The company reported profit of ₹60.41 crores in 2024 against profit of ₹21.40 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Deepak Builders and Engineers IPO Details
| IPO Open Date: | October 21, 2024 |
| IPO Close Date: | October 23, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹192 to ₹203 Per Share |
| Issue Size: | Approx ₹260 Crores, 12,810,000 Equity Shares |
| Fresh Issue: | Approx ₹217.21 Crores, 10,700,000 Equity Shares |
| Offer for Sale: | Approx 2,110,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Deepak Builders and Engineers IPO Timeline
The Deepak Builders IPO date is October 21, 2024, and the close date is October 23, 2024. The Deepak Builders IPO allotment will be finalized on October 24, 2024, and the IPO listing 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 Market Lot
| IPO Activity | Date |
|---|---|
| Issue Price | ₹192.00-203.00 |
| Market Lot: | 73 Shares |
| 1 Lot Amount: | ₹14819 |
| Min Small HNI Lots(2-10 Lakh): | 1022 shares (14 lots) – ₹207466 |
| Min Big HNI Lots(10+ Lakh): | 4964 shares (68 lots) – ₹1007692 |
Deepak Builders & Engineers India Limited Financial Information
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 Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 641.1 | 558.75 | 449.3 | 322.18 |
| Revenue | 106.34 | 516.74 | 435.46 | 364.99 |
| Profit After Tax | 14.21 | 60.41 | 21.4 | 17.66 |
| Net Worth | 155.81 | 141.25 | 89.35 | 70.34 |
| Reserves and Surplus | 138.23 | 124.22 | 64.66 | 48.84 |
| Total Borrowing | 153.17 | 153.04 | 96.57 | 79.65 |
