The IPO of Deepak Builders and Engineers will open for bidding between October 21 (Monday) to October 23 (Wednesday). The construction company will price its shares between Rs 192-203 per share, for which investors can apply for a minimum of 73 equity shares and subsequent multiples.
Deepak Builders & Engineers India is a construction company specializing in administrative, institutional and industrial buildings, hospitals, stadiums, residential complexes and other construction activities.
Deepak Builders and Engineers IPO
Deepak Builders & Engineers’ IPO comprises a fresh sale of 1,07,00,000 equity shares worth Rs 217.21 crore, while an offer (OFS) of 21,10,000 equity shares worth Rs 42.83 crore by its promoters Deepak Kumar Singhal and Sunita Singhal. Is included.
Deepak Builders has completed turnkey projects ranging from Architectural, Structural, Civil, MEP, Firefighting Systems, Public Health Services, IT Systems, Operation Theatre, Medical Gas Pipelines and Landscaping.
net profit earned
Deepak Builders & Engineers reported net profit of Rs 14.21 crore on revenue of Rs 106.34 crore for the quarter ending June 30, 2024. The company made a net profit of Rs 60.41 crore on revenue of Rs 516.74 crore for the financial year ending March 31, 2024.
FedEx Securities is the book running lead manager to Deepak Builders & Engineers IPO, while Kfin Technologies is the registrar to the issue. The company’s shares will be listed on both BSE and NSE and the tentative date of listing is Monday, October 28.