Deepak Builders & Engineers India IPO to hit Dalal Street on October 21

Deepak Builders Order book.

As of June 2024, Deepak Builders had an orderbook of Rs 1,380.4 crore. The company competes with lister peers like IRCON International, Ahluwalia Contracts, PSP Projects, and ITD Cementation in the construction and infrastructure sectors.There are twelve active projects at the moment, six of which are in the infrastructure and construction segments.

Deepak Builders used funds from the IPO

The company intends to utilize the net fresh issue funds for three purposes: debt repayment (Rs 30 crore), working capital requirements (Rs 111.96 crore), and general corporate purposes.

Finance for Deepak Builders.

From a financial standpoint, it reported a net profit of Rs 60.4 crore for the year that ended in March 2024, a significant increase of 182.4 percent from Rs 21.4 crore in the years prior.

Over the same period, revenue rose by 18% to Rs 511.4 crore. In the fiscal year 2024, earnings before interest, tax, depreciation, and amortisation, or EBITDA, climbed by 120.5% annually to Rs 112.2 crore, with a margin expansion of 1,020 basis points to 21.9%. Revenue of Rs 105.1 crore was accompanied by a profit of Rs 14.2 crore for the April–June quarter of the fiscal year 2025.

About Deepak Builders & Engineers India IPO.
Deepak Builders & Engineers India, a company based in Punjab, has decided to combine its fresh issue and offer-for-sale into an initial public offering (IPO) and has set October 21 as the opening date. The company will discuss specifics regarding the price range in the next sessions. October 23 is the last day to subscribe for an initial public offering (IPO), and on October 18, the day before the issue opening, institutional investors can access the anchor book.

With a new offering of 1.07 crore equity shares and an offer-for-sale of 21.1 lakh shares, the engineering and construction company intends to issue its shares. Deepak Kumar Singal and his spouse, the company’s promoters, will sell shareholders as part of the offer for sale. They own almost all of the company’s shares.The only book running lead manager for the issue is Fedex Securities, and the registrar for the offer is Kfin Technologies.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.