Schedule of Deepak Builders & Engineers India
| Issue open date | 21 Oct 2024 |
| Issue close date | 23 Oct 2024 |
| UPI mandate deadline | 23 Oct 2024 (5 PM) |
| Allotment finalization | 24 Oct 2024 |
| Refund initiation | 25 Oct 2024 |
| Share credit | 25 Oct 2024 |
| Listing date | 28 Oct 2024 |
| Mandate end date | 07 Nov 2024 |
| Lock-in end date for anchor investors (50%) | 23 Nov 2024 |
| Lock-in end date for anchor investors (remaining) | 22 Jan 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Deepak Builders & Engineers India
Deepak Builders and Engineers India Limited is an integrated engineering and construction company specialising in various projects, including administrative and institutional buildings, hospitals, industrial buildings, sports complexes, and more. The company has diversified into infrastructure projects like flyovers, bridges, and railway station development. Projects are executed as EPC services on a turnkey or item-rate basis. Since its inception in 2017, the company has expanded across four Indian states and two Union Territories, completing 60+ projects, with 17 completed since acquiring the business of Deepak Builders. The order book as of June 2024 stands at ₹1380.40 crore, with significant contributions from railway and industrial projects. The company is pre-qualified for government tenders up to ₹650 million and continues to grow with ongoing projects in various sectors.
Financials of Deepak Builders & Engineers India
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹260.04 crores |
| Fresh Issue | ₹217.21 crores |
| Offer for sale | ₹42.83 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Repayment/prepayment of borrowings | 30 (11.54%) |
| Funding working capital requirements | 111.96 (43.05%) |
| General corporate purposes | 118.08 (45.41%) |
Strengths
- Deepak Builders and Engineers India Limited has a robust order book, a prestigious client base, and a history of sustained financial performance.
- The company’s investment in its equipment fleet ensures efficient project execution.
- The company benefits from experienced leadership and a motivated workforce.
- The company’s expertise in handling modern construction equipment ensures timely and effective project delivery.
Risks
- Reliance on a small number of clients, especially government agencies, poses risks.
- Potential legal issues could lead to financial penalties and operational disruptions.
- Interest rate fluctuations and bank guarantees could impact financial stability.
- Reliance on leased premises and equipment increases operating costs and risks.