Deepak Builders & Engineers India IPO
Deepak Builders & Engineers India IPO — date, price band, lot size & details 2024
Deepak Builders & Engineers India listed on 28 Oct 2024 at ₹200, 1.5% below the ₹203 issue price.
Deepak Builders & Engineers India is an integrated engineering and construction company building institutional buildings, hospitals, stadiums and structural works such as flyovers and rail over bridges. Its total income was Rs 516.74 crore in FY2024.
Stock price
Deepak Builders & Engineers India 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 14 November.
- Open 21 Oct 2024
- Close 23 Oct 2024
- Allotment 24 Oct 2024
- Refund/credit 25 Oct 2024
- Listing 28 Oct 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 23 Oct, 2024 |
|---|---|
| Price Band | ₹192 – ₹203 |
| Face Value | ₹10 |
| Lot Size | 73 Shares |
| Issue Size | ₹260.04 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,819 |
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 73 shares at the ₹203 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 73 | ₹14,819 |
| Retail (max) | 13 | 949 | ₹1,92,647 |
| S-HNI (min) | 14 | 1,022 | ₹2,07,466 |
| S-HNI (max) | 67 | 4,891 | ₹9,92,873 |
| B-HNI (min) | 68 | 4,964 | ₹10,07,692 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 364.99 crore in FY2022 to Rs 516.74 crore in FY2024.
- 02Profit after tax rose from Rs 17.66 crore in FY2022 to Rs 60.41 crore in FY2024.
- 03The pre-issue P/E was 12.06 at the upper band of Rs 203, based on EPS of Rs 16.84.
- 04Rs 217.21 crore of the issue was fresh capital for debt repayment and working capital.
- 05Net worth grew from Rs 70.34 crore on 31 March 2022 to Rs 155.81 crore on 30 June 2024.
Risks · 5
- 01Total borrowing was Rs 153.17 crore on 30 June 2024, and the source puts debt to equity at 0.91.
- 02Most work is for government bodies, so payment delays and bidding competition matter, and the source puts the PAT margin at 13.52%.
- 03Profit jumped in FY2024 from Rs 21.40 crore in FY2023, so it may not repeat every year.
- 04Return on net worth was 9.57% as per the source.
- 05Promoters held 100% before the issue and 72.5% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Deepak Builders & Engineers India offer document.
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 641.10 | 558.75 | 449.30 | 322.18 |
| Total Income | 106.34 | 516.74 | 435.46 | 364.99 |
| Profit After Tax | 14.21 | 60.41 | 21.40 | 17.66 |
| NET Worth | 155.81 | 141.25 | 89.35 | 70.34 |
| Reserves and Surplus | 138.23 | 124.22 | 64.66 | 48.84 |
| Total Borrowing | 153.17 | 153.04 | 96.57 | 79.65 |
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 Deepak Builders & Engineers India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Deepak Builders & Engineers India IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹16.84 | ₹12.20 |
| P/E Ratio (x) | 12.06 | 16.63 |
| Market Cap at Offer Price (₹ Cr) | ₹171.30 | ₹236.45 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹203 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹191.72 Cr of the issue is earmarked to named objects.
Deepak Builders & Engineers India IPO Anchor Investors
5 anchor investors across 3 fund houses committed ₹78.00 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| Saint Capital Fund | Saint Capital | 511,000 | 10.37 | 13.30% |
| Neomile Growth Fund | - | 1,477,885 | 30.00 | 38.46% |
| Zeal Global Opportunities Fund | Zeal Global | 376,096 | 7.63 | 9.79% |
| Citadel Capital Fund | - | 985,281 | 20.00 | 25.64% |
| Elite Capital Fund | - | 492,677 | 10.00 | 12.82% |
| Total anchor allocation | 78.00 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It specialises in administrative and institutional buildings, hospitals and medical colleges, industrial buildings, memorial complexes, stadiums and sports complexes, and residential complexes. It has diversified into structural work such as flyovers, approach roads, rail under bridges and rail over bridges.
Its promoters are Deepak Kumar Singal and Sunita Singal.
The IPO was Rs 260.04 crore, with Rs 217.21 crore of fresh issue and Rs 42.83 crore of offer for sale by Deepak Kumar Singal and Sunita Singal. Fresh money was planned for repaying borrowings and working capital.
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.
Deepak Builders & Engineers India 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.
Fedex Securities Pvt. Ltd
2 issues handled2 of their issues have listed so far, and 2 opened above the issue price (average +30.3%). 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 Deepak Builders & Engineers India?
The current Grey Market Premium is ₹28, or 14% over the issue price.
What is the Deepak Builders & Engineers India IPO price band?
₹192 to ₹203, on a face value of ₹10.
When is the allotment?
The basis of allotment is 24 October 2024, with listing on 28 October 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies 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.
