Deepak Builders IPO Details:
Deepak Builders to raise around ₹260 crores via IPO that comprises fresh issue of ₹217 crores and offer for sale up to 2,110,000 equity shares with the face value of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Deepak Builders IPO Dates and Schedule:
The IPO open date for Deepak Builders is October 21, 2024, and the close date is October 23, 2024. The Deepak Builders IPO allotment will be finalized on October 24, 2024, and the IPO listing on October 28, 2024.
Deepak Builders IPO GMP Movement:
As of October 16, 2024, the Deepak Builders IPO’s GMP is ₹10. This means that the expected listing price is ₹203 if you subtract it from the IPO price of ₹213. This indicates a 5% potential gain for each share. Deepak Builders IPO is to be listed as premium as per the market speculations and the grey market indicates that still there is a chance for the grey market to move up and down. Investors should look closely at the daily updates of Deepak Builders IPO GMP at the IPO Watch portal or our IPOWatch App available on the Google Play Store.
About Deepak Builders
Deepak Builders & Engineers India Limited is an engineering and construction company established in 2017 in Punjab. The company is focused on constructing hospitals, medical colleges, industrial buildings, and administrative & institutional buildings. Over time, the company’s project portfolio has expanded, leading to increased bidding and execution opportunities.
Today, the company has completed 16 projects, including the Jung e Azadi memorial in Kartarpur, Jalandhar, and other projects in Punjab, with a combined contract value of ₹2,183.60 million. Additionally, it is involved in domestic construction projects. The company boasts a team of 642 full-time employees with exceptional skills and experience, all dedicated to meeting customer requirements.
Deepak Builders Company Financials:
The company reported revenue of ₹516.74 crores in 2024 against ₹435.46 crore in 2023. The company reported a profit of ₹60.41 crores in 2024 against a profit of ₹21.40 crores in 2023.
Objectives of the Issue:
The company proposes the following object: Repayment/prepayment, in full or part, of certain borrowings, Funding of working capital requirements, and General corporate purposes.
Peer Group of Company:
IRCON International Limited is the peer group of Deepak Builder, the EPS is 9.17, and 24.67 is price-to-earning. The return on Net worth of IRCON International Limited is 15.76% and the net asset value is 61.37.
Ahluwalia Contracts (India) Limited is the peer group of Deepak Builder, the EPS is 56.06 and 19.25 is price-to-earning. The return on Net worth of Ahluwalia Contracts (India) Limited is 23.44% and net asset value is 239.17.
PSP Projects Limited is the peer group of Deepak Builder, the EPS is 34.42 and 19.16 is price-to-earning. The return on Net worth of PSP Projects Limited is 13.55% and the net asset value is 254.06.
ITD Cementation Limited is the peer group of Deepak Builder, the EPS is 15.93 and 37.04 is price-to-earning. The return on Net worth of ITD Cementation Limited is 20.00% and the net asset value is 86.95.
Company Promoters:
The promoters of Deepak Builders Private Limited are Deepak Kumar Singal and Sunita Singal.
Lead Managers and Registrar:
Fedex Securities Private Limited is the lead manager of Deepak Builders, and Kfin Technologies Limited is the registrar for the issue.
