Deepak Builders & Engineers India IPO Details, Financials, Valuation & Peers
Explore Deepak Builders & Engineers India IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Deepak Builders & Engineers India Limited is an integrated engineering and construction company that specializes in the execution and construction of a diverse range of projects, including administrative and institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, stadiums, sports complexes, and residential complexes. The company also has a significant focus on infrastructure projects such as flyovers, rail under bridges, rail over bridges, approach roads, and the development and redevelopment of railway stations. Operating primarily as an Engineering, Procurement, and Construction (EPC) contractor, Deepak Builders offers both fixed-sum turnkey services and item-rate contracts. Since its incorporation in September 2017, the company has demonstrated a strong track record of executing complex turnkey projects across various states in India, including Punjab, Haryana, Rajasthan, Uttarakhand, and the Union Territories of Chandigarh and Delhi.
Key Points:
- Project Portfolio: Deepak Builders engages in a wide range of construction projects, including:
- Administrative & institutional buildings
- Hospitals and medical colleges
- Industrial buildings
- Historical memorial complexes
- Stadiums and sports complexes
- Residential complexes
- Infrastructure Expertise: The company specializes in infrastructure projects such as:
- Flyovers and bridges
- Rail infrastructure upgrades and redevelopment
- Road construction
- EPC Services: Operates primarily on a fixed-sum turnkey basis, as well as item-rate and percentage contracts, allowing flexibility in project execution.
- Proven Track Record: Since its establishment, Deepak Builders has completed over 60 projects, demonstrating its capability in handling large-scale constructions. Notable projects include:
- Jang-E-Azadi Memorial, Jalandhar
- AIIMS Campus Geriatrics Block, New Delhi
- Super Specialty Block at Government Medical College, Patiala
- Accreditations and Qualifications: Deepak Builders is accredited as a Class I (Super) Contractor with the Central Public Works Department (CPWD) and is pre-qualified to bid independently for projects up to ₹650 crore.
- Current Projects: As of June 30, 2024, the company has 12 ongoing projects, with a substantial order book valued at ₹1,380.39 crore, showcasing its strong operational capacity.
Objects of the Issue
- Repayment/prepayment, in full or part, of certain borrowings availed by the Company
- Funding of working capital requirements of the Company
- General corporate purposes.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 21 Oct - 23 Oct 2024 |
| IPO Price Band | ₹192 - ₹203 per share |
| Fresh Issue | 10,700,000 shares (₹217.21 crore) |
| Offer For Sale | 2,110,000 shares (₹42.83 crore) |
| Total IPO Size | ₹260.04 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 21 Oct 2024 |
| IPO Closing Date | 23 Oct 2024 |
| Basis Of Allotment | 24 Oct 2024 |
| Refunds | 25 Oct 2024 |
| Demat Transfer | 25 Oct 2024 |
| IPO Listing Date | 28 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 364.99 | 435.46 | 516.74 | 106.34 |
| Total Expenses | 341.24 | 406.73 | 434.96 | 83.10 |
| Net Profit/Loss | 17.66 | 21.40 | 60.41 | 14.21 |
| NPM (*) | 4.87 | 4.94 | 11.81 | 13.52 |
| Total Assets | 322.18 | 449.30 | 558.75 | 641.10 |
| Total Liabilities | 237.47 | 348.76 | 398.65 | 467.00 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 4.92 | 5.96 | 16.84 | 3.96 |
| ROE (%) | 24.72 | 23.06 | 39.39 | 8.48 |
| ROCE (%) | 27.26 | 26.10 | 41.72 | 8.97 |
| D/E Ratio | 1.11 | 1.04 | 1.00 | 0.91 |
| Current Ratio | 1.26 | 1.46 | 1.65 | 1.71 |
| EBITDA MARGIN (%) | 12.08 | 12.20 | 22.98 | 29.92 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Total income | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Deepak Builders & Engineers India Limited | 511.40 | 12.05 | 16.84 | 52.39 | 39.37 |
| IRCON International Limited | 11,950.40 | 24.67 | 9.17 | 15.76 | 61.37 |
| Ahluwalia Contracts (India) Limited | 3,855.30 | 19.25 | 56.06 | 23.44 | 239.17 |
| PSP Projects Limited | 2,462.50 | 19.16 | 34.42 | 13.55 | 254.06 |
| ITD Cementation Limited | 7,542.0 | 37.04 | 15.93 | 20.0 | 86.95 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 13.91 |
| Non-Institutional Investor (NII/HNI) | 82.47 |
| Retail Individual Investor (RII) | 39.79 |
| Total | 41.54 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- DEEPAK KUMAR SINGAL
- SUNITA SINGAL
Lead Managers
- Fedex Securities Private Limited
Company Address
Deepak Builders & Engineers India Limited
Ahluwalia Chambers, 1st Floor, Plot No. 16 &17, Local Shopping Centre, Madangir, near Pushpa Bhawan, South Delhi, New Delhi – 110 062, India
Phone: +91 98759 09242
Email: investor@deepakbuilders.co.in
Website: www.deepakbuilders.co.in
FAQs
- What is the issue size of the Deepak Builders & Engineers India IPO?The Deepak Builders & Engineers India IPO has an issue size of ₹260.04 crore. This includes a fresh issue of 10,700,000 shares (₹217.21 crore) and an offer for sale (OFS) of 2,110,000 shares (₹42.83 crore).
- What is the price band of the Deepak Builders & Engineers India IPO?The price band for the Deepak Builders & Engineers India IPO is ₹192 - ₹203 per share.
- What are the bidding dates for the Deepak Builders & Engineers India IPO?The Deepak Builders & Engineers India IPO will open for bidding on 21 Oct 2024 and close on 23 Oct 2024.
- What is the allotment date for the Deepak Builders & Engineers India IPO?The allotment date for the Deepak Builders & Engineers India IPO is 24 Oct 2024.
- What is the minimum lot size and investment required for the Deepak Builders & Engineers India IPO?The minimum lot size for the Deepak Builders & Engineers India IPO is 73 shares and the minimum investment required is ₹14,819.
- What is the listing date for the Deepak Builders & Engineers India IPO?The listing date for the Deepak Builders & Engineers India IPO is 28 Oct 2024.
- What is the Deepak Builders & Engineers India IPO grey market premium?The grey market premium (GMP) for the Deepak Builders & Engineers India IPO is currently at ₹30, with an expected listing gain of approximately 14.78%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.