Deepak Builders & Engineers India ltd

Incorporated in September 2017, Deepak Builders & Engineers India Limited is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities.

The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.

The company’s business can be categorized into the following verticals:

  • Construction Projects business;
  • Infrastructure Projects business; and
  • Sale of products.

The company has completed construction and infrastructure projects in four states of India – Punjab, Haryana, Rajasthan, Uttarakhand – and two Union Territories – Chandigarh and the National Capital Territory of Delhi.

The company manages twelve projects, including seven EPC projects and five item rate/percentage rate contracts. Within the ongoing projects, the construction portfolio consists of four hospital and medical college projects, one administrative & and institutional building, and one industrial building. The infrastructure projects include four projects focused on upgrading, developing, and redeveloping railway stations and related work, as well as two road and bridge projects related to rail over bridges.

As of June 30, 2024, the company’s order book amounts are as follows: Rs 13,803.89 million for Fiscal 2024, Rs 11,126.88 million for Fiscal 2023, and Rs 16,578.79 million for Fiscal 2022, and Rs 7,196.32 million for Fiscal 2021.

The company has experience in executing projects with varying degrees of complexity, including 3D Domes at Jang-E-Azadi, Kartarpur, Punjab; Heritage Walk at Golden Temple Corridor, Amritsar, Punjab; and fire ramps in specialized steel structures at AIIMS, Delhi.

Competitive Strength

  • High-quality construction projects are achieved with the use of technology, efficient processes, and a dedicated workforce.
  • Investing in modern construction equipment fleets enables the timely delivery of high-quality infrastructure development and construction projects.
  • Experienced Management Team

As of June 30 2024, the company has 632 permanent employees and 2129 contract labourers.

Deepak Builders & Engineers India Limited Financial Information (Restated)

Deepak Builders & Engineers India Limited’s revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets641.1558.75449.3322.18
Revenue106.34516.74435.46364.99
Profit After Tax14.2160.4121.417.66
Net Worth155.81141.2589.3570.34
Reserves and Surplus138.23124.2264.6648.84
Total Borrowing153.17153.0496.5779.65
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Deepak Builders & Engineers IPO is Rs 945.59 Cr.

KPI as of June 30, 2024.

KPIValues
ROE8.48%
ROCE8.97%
Debt/Equity0.91
RoNW9.57%
P/BV4.68
PAT Margin (%)13.52
 
 Pre IPOPost IPO
EPS (Rs) 16.8412.2
P/E (x) 12.0616.63
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Deepak Builders & Engineers IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
  • Funding of working capital requirements of the company and
  • General corporate purposes.

Deepak Builders & Engineers IPO Details

IPO DateOctober 21, 2024 to October 23, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹192 to ₹203 per share
Lot Size73 Shares
Total Issue Size12,810,000 shares
(aggregating up to ₹260.04 Cr)
Fresh Issue10,700,000 shares
(aggregating up to ₹217.21 Cr)
Offer for Sale2,110,000 shares of ₹10
(aggregating up to ₹42.83 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue35,880,860
Share holding post issue46,580,860

Deepak Builders & Engineers IPO Promoter Holding

The Promoters of the Company are Deepak Kumar Singal and Sunita Singal.

Share Holding Pre Issue100%
Share Holding Post Issue72.50%

SHARIAH SCREENING for - Deepak Builders & Engineers India Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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