Dilip Buildcon IPO
Dilip Buildcon IPO — date, price band, lot size & details 2016
Dilip Buildcon listed on 11 Aug 2016 at ₹240, 9.6% above the ₹219 issue price.
Dilip Buildcon is a Bhopal based EPC contractor building state and national highways, city roads, bridges and irrigation projects. Its total income was Rs 4,100.71 crore in FY2016.
Stock price
Dilip Buildcon 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 01 Aug 2016
- Close 03 Aug 2016
- Allotment 08 Aug 2016
- Refund/credit TBA
- Listing 11 Aug 2016
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 3 Aug, 2016 |
|---|---|
| Price Band | ₹214 – ₹219 |
| Face Value | ₹10 |
| Lot Size | 65 Shares |
| Issue Size | ₹653.98 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,235 |
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 65 shares at the ₹219 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 65 | ₹14,235 |
| Retail (max) | 14 | 910 | ₹1,99,290 |
| S-HNI (min) | 15 | 975 | ₹2,13,525 |
| S-HNI (max) | 70 | 4,550 | ₹9,96,450 |
| B-HNI (min) | 71 | 4,615 | ₹10,10,685 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 2,322.38 crore in FY2014 to Rs 4,100.71 crore in FY2016.
- 02Profit after tax rose from Rs 145.78 crore in FY2015 to Rs 219.89 crore in FY2016.
- 03Net worth rose from Rs 728.37 crore in FY2014 to Rs 1,092.51 crore in FY2016.
- 04Rs 202.38 crore of the issue was for prepaying term loans.
Risks · 5
- 01Total borrowing rose from Rs 993.68 crore in FY2014 to Rs 2,207.29 crore in FY2016, about twice its net worth.
- 02Profit after tax fell from Rs 194.28 crore in FY2014 to Rs 145.78 crore in FY2015.
- 03Road contracts come from government agencies, so payments and policies can change; Rs 200.00 crore was needed for working capital.
- 04Rs 223.98 crore of the issue went to selling shareholders.
- 05Promoter holding fell from 90.25% before the issue to 75.63% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Dilip Buildcon offer document.
| Metric | 31 Mar 2016 | 31 Mar 2015 | 31 Mar 2014 |
|---|---|---|---|
| Assets | 5,333.94 | 4,555.15 | 2,785.04 |
| Total Income | 4,100.71 | 2,630.14 | 2,322.38 |
| Profit After Tax | 219.89 | 145.78 | 194.28 |
| NET Worth | 1,092.51 | 872.97 | 728.37 |
| Reserves and Surplus | 975.38 | 755.83 | 669.13 |
| Total Borrowing | 2,207.29 | 1,959.09 | 993.68 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
₹403.10 Cr of the issue is earmarked to named objects.
Dilip Buildcon IPO Anchor Investors
14 anchor investors across 7 fund houses committed ₹196.19 Cr a day before the issue opened.
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
Its core business is construction projects across India in roads and irrigation.
It specialises in state and national highways, city roads, culverts and bridges.
The IPO was Rs 653.98 crore, with Rs 430.00 crore of fresh issue and Rs 223.98 crore of offer for sale, at Rs 219, the top of the Rs 214 to Rs 219 band. The fresh money was for prepaying term loans 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.
Dilip Buildcon 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.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
255 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Pnb Investment Services Ltd
6 issues handledBest listing: Pranav Constructions (+33.1%). Weakest: Aastha Spintex (-4.4%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
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 Dilip Buildcon?
The current Grey Market Premium is ₹0.
What is the Dilip Buildcon IPO price band?
₹214 to ₹219, on a face value of ₹10.
When is the allotment?
The basis of allotment is 8 August 2016, with listing on 11 August 2016.
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.
