Deepak Builders IPO: Overview

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Deepak Builders & Engineers India Limited IPO: Overview

If you're looking to invest in an IPO that combines expertise in infrastructure development with steady growth potential, Deepak Builders & Engineers India Limited's upcoming IPO might be worth your attention. Here’s a detailed look at this construction company's public offering, covering all the key details you'll need before deciding whether to invest.

About Deepak Builders IPO

Incorporated in September 2017, Deepak Builders & Engineers India Limited has made its mark in the construction industry. The company specializes in constructing various types of buildings and complexes, including:
  • Administrative Buildings
  • Institutional and Industrial Buildings
  • Hospitals and Healthcare Facilities
  • Stadiums
  • Residential Complexes
They provide turnkey solutions that include architectural, structural, civil, mechanical, electrical, and plumbing (MEP) services, as well as specialized systems like:
Firefighting systems
  • Public health services
  • IT systems
  • Operation theaters
  • Medical gas pipelines
  • Landscaping
Their extensive project portfolio reflects the company's capability in handling large-scale, complex construction projects, making them a significant player in India's infrastructure development space.

Deepak Builders IPO Overview

Deepak Builders & Engineers India Limited is launching an IPO that aims to raise ₹260.04 crores. This IPO includes a fresh issue of 1.07 crore shares worth ₹217.21 crores and an offer for sale (OFS) of 0.21 crore shares, which aggregates to ₹42.83 crores.
  • Issue Size: ₹260.04 crores
  • Fresh Issue: ₹217.21 crores (1.07 crore shares)
  • Offer for Sale: ₹42.83 crores (0.21 crore shares)

Deepak Builders IPO important Dates to Remember

  • IPO Opens for Subscription: October 21, 2024
  • IPO Closes: October 23, 2024
  • Allotment Finalization Date: October 24, 2024
  • Tentative Listing Date: October 28, 2024 (on BSE and NSE)

Deepak Builders IPO Pricing and Lot Size

The price band for the Deepak Builders & Engineers IPO is set between ₹192 to ₹203 per share, and investors must apply in lots. Here’s a breakdown:
  • Minimum Lot Size: 73 shares
  • Retail Investment (Min): ₹14,819
  • sNII (Min): 14 lots (1,022 shares) - ₹207,466
  • bNII (Min): 68 lots (4,964 shares) - ₹1,007,692
This price band makes the IPO accessible for a range of investors, from small retail investors to large non-institutional investors (NIIs).

Strengths of Deepak Builders & Engineers India Limited

Here’s what makes Deepak Builders & Engineers an attractive IPO option:
  • Diverse Project Portfolio: The company has experience in a wide array of sectors, including industrial, healthcare, and residential construction. This versatility ensures a steady flow of projects across different sectors.
  • Turnkey Solutions: Deepak Builders specializes in offering end-to-end solutions for complex projects, which adds significant value for its clients.
  • Strong Financial Growth: The company’s revenue has seen substantial growth, driven by large-scale projects and strong execution capabilities.
  • Growing Industry: The Indian construction and infrastructure sector is poised for growth, especially with government initiatives like Smart Cities Mission and increased investments in healthcare infrastructure.
  • Experienced Management Team: The leadership at Deepak Builders has a proven track record in delivering large-scale, high-quality construction projects, which is a strong positive for potential investors.

Risks to Consider

As with any investment, it's important to weigh the potential risks:
  • Industry Cyclicality: The construction industry can be cyclical, with periods of high demand followed by slower growth.
  • Dependence on Government Contracts: A significant portion of the company’s revenue may come from government projects, which could be subject to delays or budget cuts.

How to Apply for Deepak Builders IPO

If you're interested in subscribing to this IPO, here’s a quick guide:
  • Log in to your trading platform: Most online trading apps and brokerages allow you to apply for IPOs.
  • Select the IPO: Find Deepak Builders & Engineers India Limited in the IPO section.
  • Enter bid details: Choose the number of lots you want to apply for, keeping in mind the minimum investment required.
  • Submit your application: Ensure you have adequate funds in your linked bank account as your application amount will be blocked until allotment.

FAQs About Deepak Builders IPO

1. When does the Deepak Builders IPO open?

The IPO opens for subscription on October 21, 2024, and closes on October 23, 2024.

2. What is the price band for Deepak Builders IPO?

The price band is set between ₹192 to ₹203 per share.

3. What is the minimum lot size for retail investors?

Retail investors can apply for a minimum of 73 shares, requiring a minimum investment of ₹14,819.

4. How can I check the allotment status?

You can check the allotment status after October 24, 2024, through your trading platform or on the IPO registrar’s website.

5. What is the listing date for Deepak Builders IPO?

The tentative listing date is October 28, 2024, on both BSE and NSE.

6. What sectors does Deepak Builders IPO specialize in?

The company specializes in administrative, institutional, and industrial buildings, hospitals, stadiums, and residential complexes.

7. What is the growth outlook for the company?

With a strong project portfolio and increasing demand in the construction sector, the company is well-positioned for future growth.

Conclusion

Deepak Builders & Engineers India Limited’s IPO offers an opportunity to invest in a growing company with a diverse portfolio of projects in the booming construction sector. If you're looking to add a reliable construction company to your investment portfolio, this IPO is certainly worth considering.

As always, make sure to do your own research and consult with a financial advisor if needed before investing.

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