New Delhi : Deepak Builders and Engineers India Limited, a well-known company in the real estate sector, is preparing to launch its IPO in the market soon. Let us tell you that this IPO is a book built issue of Rs 260.04 crore, the subscription of which can start from October 21 and this IPO can also close on October 23.
Deepak Builders and Engineers India Limited is hoping that the company's shares can be listed on BSE and NSE by October 28. This IPO may have a combination of 1.07 crore shares worth Rs 217.21 crore and 21 lakh OFS shares worth Rs 42.83 crore. This company is based in Delhi and the names of Deepak Kumar Singhal and Sunita Singhal have emerged as its promoters.
Read this also :- There will be no change in repo rate, RBI Governor said – this is not the right time
What will be the price band?
The price band of Deepak Builders and Engineers India Limited IPO could be Rs 192-203 per share. Also, information has been received that the minimum lot size in this IPO can be 73 shares. The minimum investment amount for retail investors can be Rs 14 thousand 819.
What work does the company do?
Deepak Builders & Engineers India Limited is a construction company which specializes in hospitals, stadiums, residential complexes and other construction activities. The company has worked on projects related to public health services, IT systems, operation theatres, medical gas pipelines and landscaping. This company works on construction and infrastructure projects in 4 Indian states of Punjab, Haryana, Rajasthan, Uttarakhand and Union Territories of Chandigarh and Delhi.
The revenue of Deepak Builders and Engineers India Limited has increased by 19 percent between the financial year ending March 31, 2023 and March 31, 2024. Also, the PAT of this company has increased by 182%. In the financial year 2024, the company's revenue was Rs 516.74 crore and profit after tax was Rs 60.41 crore. The book running lead manager of Deepak Builders & Engineers IPO is FedEx Securities Pvt. Ltd. Also, let us tell you that Kfin Technologies Limited is the main registrar of this issue.
Comments are closed.