Deepak Builders & Engineers India is a prominent integrated engineering and construction company with a strong track record in the execution of a diverse range of projects. Founded by Deepak Kumar Singal on April 1, 1990, the company specializes in constructing administrative and institutional buildings, hospitals and medical colleges, industrial structures, historical memorials, sports complexes, residential projects, and much more. Their expertise extends to infrastructure projects like flyovers, rail under bridges, rail over bridges, approach roads, and railway station developments, primarily focusing on large-scale projects within both government and private sectors.

The upcoming Deepak Builders & Engineers IPO represents a Book Built Issue amounting to ₹260.04 Crores, comprising a Fresh Issue of 107 Lakh Shares valued at ₹217.21 Crores and an Offer for Sale of 21.1 Lakh Shares, totaling ₹42.83 Crores. The subscription period for this IPO opens on October 21, 2024, and closes on October 23, 2024. Investors can expect the allotment to be finalized on or around October 24, 2024, with the shares listed on the BSE and SME market on a tentative date of October 28, 2024.

The share price band for the Deepak Builders & Engineers IPO is set between ₹192 to ₹203 per equity share, with a minimum lot size of 73 shares. Retail investors will need to invest a minimum of ₹14,819, while High-Net-Worth Individuals (HNIs) must invest in 14 lots (1,022 shares), amounting to ₹2,07,466. Fedex Securities Private Limited serves as the book-running lead manager, with Kfin Technologies Limited acting as the registrar for the issue.

Deepak Builders & Engineers India Limited IPO GMP Today

As of now, the Grey Market Premium (GMP) for Deepak Builders & Engineers India Limited is expected to be in the range of ₹57 to ₹42, reflecting the company's overall financial performance. However, it's important to note that the GMP can fluctuate based on unregulated market dynamics, and actual trading conditions might not represent genuine price discovery before the shares are officially listed. The GMP is mentioned here for educational purposes, aiding investors in making informed decisions.

Deepak Builders & Engineers India Limited IPO Live Subscription Status Today

As of 12:30 PM on October 21, 2024, the live subscription status for the Deepak Builders & Engineers India IPO shows that it has been subscribed 1.60 times on its first day. For real-time updates, investors can check the Deepak Builders & Engineers India IPO Live Subscription Status on the BSE.

Deepak Builders & Engineers India IPO Anchor Investors Report

Deepak Builders & Engineers India has successfully raised ₹78.01 Crore from Anchor Investors at a price of ₹203 per share, following consultations with the Book Running Lead Managers. A total of 38,42,939 equity shares were allocated to these Anchor Investors. It’s important to note that the equity shares allotted to Anchor Investors are taken from the Qualified Institutional Buyers (QIBs) reservation portion.

Deepak Builders & Engineers India Limited IPO Allotment Date - Step-by-Step Guide to Check Allotment Status Online

The allotment date for the Deepak Builders & Engineers IPO is set for October 24, 2024 (Thursday). Once the allotment is finalized, investors can check their status on the Registrar's Website. Here’s a guide on how to check your allotment status:

Navigate to the IPO allotment status page.

Select Deepak Builders & Engineers India Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to check your allotment status.

This method allows investors to quickly verify their allotment status and make informed investment decisions.

Objectives of Deepak Builders & Engineers India Limited IPO

The proceeds from the Fresh Issue will be allocated towards the following objectives:

₹300.00 Million will be utilized for the repayment or prepayment of certain borrowings availed by the company.

₹1,119.56 Million will support the funding of working capital requirements for ongoing projects.

Funds will also be allocated for general corporate purposes.

Deepak Builders & Engineers India IPO Review

Financially, Deepak Builders & Engineers India has demonstrated steady growth over the years. The company reported revenues of ₹5,167.42 Million, ₹4,354.60 Million, and ₹3,649.87 Million for the fiscal years 2024, 2023, and 2022, respectively. The EBITDA figures for the same periods were ₹1,175.39 Million, ₹528.93 Million, and ₹438.71 Million. The Profit After Tax has also seen a steady increase, with figures of ₹604.10 Million, ₹213.95 Million, and ₹176.64 Million for the respective fiscal years.

For the Deepak Builders & Engineers IPO, the company is issuing shares with a pre-issue EPS of ₹16.84 and a post-issue EPS of ₹12.96. The pre-issue P/E ratio stands at 12.05x, while the post-issue P/E ratio is at 15.66x, compared to the industry P/E ratio of 25.03x. The company's Return on Capital Employed (ROCE) for FY24 is 41.72%, and the Return on Equity (RoE) is 39.39%. These metrics suggest that the IPO is fairly priced in comparison to industry standards.

The Grey Market Premium (GMP) for Deepak Builders & Engineers indicates potential listing gains of 15% - 20%. However, given the company's performance and IPO valuation, we recommend that investors exercise caution and consider avoiding the Deepak Builders & Engineers India Limited IPO for immediate listing gains or long-term investment purposes.

In conclusion, the Deepak Builders & Engineers IPO offers a significant opportunity, but potential investors should carefully evaluate the risks and the market conditions before making investment decisions. For further insights into investment opportunities, consider exploring the best IPOs to apply now and staying updated with the latest IPO news and stock market developments.

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