Deep Industries IPO
Deep Industries IPO — date, price band, lot size & details 2006
Deep Industries listed on 25 Sep 2006 at ₹49, 36.1% above the ₹36 issue price.
Deep Industries is an Ahmedabad based provider of air and gas compression services to oil and gas exploration companies. Its total income was Rs 7.96 crore in FY2006.
Stock price
Deep Industries is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 29 Aug 2006
- Close 04 Sep 2006
- Allotment 15 Sep 2006
- Refund/credit TBA
- Listing 25 Sep 2006
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Aug to 4 Sep, 2006 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 175 Shares |
| Issue Size | ₹40.68 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 175 shares at the ₹36 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 175 | ₹6,300 |
| Retail (max) | 31 | 5,425 | ₹1,95,300 |
| S-HNI (min) | 32 | 5,600 | ₹2,01,600 |
| S-HNI (max) | 158 | 27,650 | ₹9,95,400 |
| B-HNI (min) | 159 | 27,825 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose from Rs 0.56 crore in FY2004 to Rs 1.79 crore in FY2006.
- 02Net worth rose from Rs 11.56 crore in FY2004 to Rs 19.40 crore in FY2006.
- 03It worked with at least 3 large oil and gas clients, ONGC, GACL and IOC.
- 04Rs 51.45 crore of planned spending was for new compression plant and machinery.
Risks · 5
- 01Total income fell from Rs 10.99 crore in FY2004 to Rs 7.96 crore in FY2006.
- 02ONGC disputed gas compression charges of Rs 252.86 lacs and Rs 239.15 lacs, which led to tax demands of Rs 115.76 lacs and Rs 151.44 lacs.
- 03It depended on a few oil and gas customers, led by ONGC, with units of up to 2400 HP.
- 04The issue of Rs 40.68 crore was large next to its net worth of Rs 19.40 crore.
- 05Promoter holding fell from 91.95% before the issue to 40% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Deep Industries offer document.
| Metric | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|
| Total Income | 7.96 | 8.22 | 10.99 |
| Profit After Tax | 1.79 | 0.63 | 0.56 |
| NET Worth | 19.40 | 11.65 | 11.56 |
| Reserves and Surplus | 10.96 | 5.15 | 5.07 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Deep Industries RHP.
Where the money goes
₹60.27 Cr of the issue is earmarked to named objects.
About the company
It provides air and gas compression services to oil and gas exploration companies, including operation and maintenance, and earlier also ran liquid transport services.
It competed mainly in transportable natural gas compression units of up to 2400 HP, and its clients included ONGC, GACL and IOC.
The IPO was Rs 40.68 crore and was entirely a fresh issue at a fixed price of Rs 36. Most of the money was for new plant and machinery.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Deep Industries IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Keynote Financial Services
29 issues handledBest listing: Gravita India (+60.9%). Weakest: Vishal Information Technologies (-13.3%).
IDBI Capital Markets & Securities Ltd.
42 issues handledBest listing: Route Mobile (+104.9%). Weakest: Bharat Dynamics (-13.6%).
Nexgen Capitals Ltd
1 issue handled1 of their issues has listed so far, and 1 opened above the issue price (average +10%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Deep Industries?
The current Grey Market Premium is ₹0.
What is the Deep Industries IPO price band?
₹36, on a face value of ₹10.
When is the allotment?
The basis of allotment is 15 September 2006, with listing on 25 September 2006.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
