October 28, 2024
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Deepak Builders IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Deepak Builders IPO?
On 28th October 2024, the shares of Deepak Builders are listed at Rs. 200, at discount compared to issue price and the listing has been very much lower than the expectations of the grey market players.
What is the latest GMP of Deepak Builders IPO?
Deepak Builders IPO Subscription Status
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Deepak Builders IPO Subscriptions (Closed) Price Rs. 203 Lot 73 shares, Rs. 260.04 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 13.91 | 77.86 | 91.69 | 82.47 | 39.79 | 41.54 |
| Applications: 25,58,000 / (41.65x) Amount wise Bids recd. Rs. ? Crore |
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Deepak Builders IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of Deepak Builders IPO?
The Promoters of the Company are Deepak Kumar Singal and Sunita Singal.
What are the Objects of Deepak Builders IPO?
The Offer comprises of fresh issue of shares & also an Offer for Sale by the Selling Shareholders.
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
- Funding of working capital requirements of the company and
- General corporate purposes.
A Note on the business of Deepak Builders?
Founded in September 2017, Deepak Builders & Engineers India Limited is a premier construction company specializing in a diverse range of projects, including administrative, institutional, and industrial buildings, hospitals, stadiums, and residential complexes. Its commitment to excellence drives it to deliver high-quality construction services across India.
Its Expertise
It excels in managing comprehensive turnkey projects, encompassing various domains such as:
- Architectural Design
- Structural Engineering
- Civil Engineering
- MEP (Mechanical, Electrical, Plumbing) Systems
- Firefighting Systems
- Public Health Services
- IT Systems
- Operation Theaters
- Medical Gas Pipelines
- Landscaping
Business Verticals
Its operations are divided into three main business verticals:
- Construction Projects
- Infrastructure Projects
- Sale of Products
Project Portfolio
Deepak Builders has successfully completed numerous construction and infrastructure projects across four Indian states—Punjab, Haryana, Rajasthan, and Uttarakhand—and two Union Territories, Chandigarh and the National Capital Territory of Delhi.
Currently, it is managing twelve ongoing projects, which include:
- Seven EPC Projects (Engineering, Procurement, and Construction)
- Five Item Rate/Percentage Rate Contracts
Its active construction portfolio features:
- Four hospital and medical college projects
- One administrative and institutional building
- One industrial facility
In the infrastructure sector, it is focused on upgrading, developing, and redeveloping railway stations and related works, alongside two major road and bridge projects, including rail over bridges.
Financial Performance
As of June 30, 2024, its order book reflects robust growth, with amounts as follows:
- Fiscal 2024: Rs.13,803.89 million
- Fiscal 2023: Rs.11,126.88 million
- Fiscal 2022: Rs.16,578.79 million
- Fiscal 2021: Rs.7,196.32 million
Notable Projects
Its extensive experience includes executing complex projects, such as:
- 3D Domes at Jang-E-Azadi, Kartarpur, Punjab
- Heritage Walk at Golden Temple Corridor, Amritsar, Punjab
- Specialized steel structures for fire ramps at AIIMS, Delhi
For more information, click https://www.deepakbuilders.co.in/
Deepak Builders IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Deepak Builders IPO Details |
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| IPO opens on | 21 October 2024 |
| IPO closes on | 23 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 12810,000 Shares / Rs 260.04 Crore |
| * Fresh Issue | 10,700,000 Sh /Rs 217.21 Cr |
| * Offer for Sale | 2110,000 shares/ Rs.42.83 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 192-203 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. ? per share |
| Retail Lot Size | 73 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Deepak Builders? | Shares | Rs. in Cr |
| QIB (50 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (35 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Deepak Builders IPO? | Amount Rs. | |
| Min Retail Application | 73 Shares | 14819 |
| Max Retail Application | 949 Shares | 192647 |
| Small HNI (Min) application | 1022 Shares | 207466 |
| Small HNI (Max) application | 4891 Shares | 992873 |
| Big HNI Application | 4961 Shares | 1007692 |
What is the timetable of Deepak Builders IPO? |
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| IPO opens on | 21 October 2024 |
| IPO Closes on | 23 October 2024 |
| IPO Allotment on | 24 October 2024 |
| Unblocking of ASBA | 25 October 2024 |
| Credit of Shares | 25 October 2024 |
| Listing on | 28 October 2024 |
| Registered Office of Deepak Builders | |
| Deepak Builders & Engineers India Limited Ahluwalia Chambers, 1st Floor Plot No. 16 &17, Local Shopping Centre Madangir, near Pushpa Bhawan, South Delhi- 110062 |
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| Who are the Lead Managers of Deepak Builders IPO? Fedex Securities pvt ltd |
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| Registrar to IPO | |
| Kfin Technologies Pvt ltd |
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Deepak Builders IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 364.99 | 17.66 | – | – |
| 2022-23 | 435.46 | 21.40 | – | |
| 2023-24 | 516.74 | 60.41 | 16.84 | 8.97 |
| Book Value of the Share on 31.03.2024 |
Rs. | ? | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 203 | ||
| Deepak Builders IPO Ratio Analysis |
|
| Price /EPS | 12.04 |
| Price/Book Value Ratio | 4.68 |
| Price/BV after IPO | ? |
How Deepak Builders IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Deepak Builders | 10 | ? | |
| Ircon International | 24.67 | ||
| Ahluwalia Contracts | 19.25 | ||
| PSP Projects | 19.16 | ||
| ITD Cementation | 37.04 | ||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Deepak Builders IPO Review
Founded in September 2017, Deepak Builders & Engineers India Limited is a premier construction company specializing in a diverse range of projects, including administrative, institutional, and industrial buildings, hospitals, stadiums, and residential complexes. Its commitment to excellence drives it to deliver high-quality construction services across India.
Size: Being a mainboard IPO, the size of this IPO is very small, and hence huge oversubscription is possible.
Financial Angle: The business of the company is highly competitive and there are large number of players vying to grab the projects. However, due to increased allocation for infrastructure projects, the company may continue to grab the projects in near future. The business is promoter-centric and because of its small size, professionalization is a bit difficult. If you look at the topline and bottom-line of the last 3 year, there is significant rise in the net profits of the year 2023-24 vis a vis the turnover of the said year. Such sharp rise raises eyebrows. Without such high earnings in the year 2023-24, the offer price would appear to be costly.
+ from fundamental Angle: So-so
+ from grey market Angle: Ok-Ok
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