The shares of the corporate are buying and selling at a grey market premium (GMP) of Rs 50.
The corporate has fastened a value band of Rs 192-203 apiece for the difficulty and the identical might be a mixture of contemporary fairness sale of Rs 217 crore and a suggestion on the market (OFS) of 21 lakh shares.
About 50% of the supply is reserved for certified institutional consumers, 35% for retail traders and the opposite 15% for non-institutional traders. Buyers can place bids for 73 shares in a single lot and in multiples thereafter.
IPO funds to the tune of Rs 95 crore might be used for working capital necessities of the corporate and Rs 30 crore for fee of debt, in addition to, a portion might be utilised for normal company functions, as per the draft papers filed final week.
Deepak Builders is an built-in engineering and building firm, specialising in execution and building of administrative and institutional buildings, hospitals and medical schools, industrial buildings, historic memorial complicated, stadiums and sports activities complicated, and residential complexes.It has diversified in enterprise specialised structural work resembling flyovers, strategy roads, rail beneath bridges, rail over bridges and improvement and redevelopment of railway stations.The corporate executes tasks on a turnkey foundation consisting of architectural and structural, civil, HVAC, MEP, and so forth. Along with income from EPC tasks on a fixed-sum turnkey foundation in addition to on an item-rate foundation, it additionally derives income from sale of residue building merchandise.
Its EPC tasks contribute practically 45% to the general income, whereas item-rate or share foundation tasks make up 30% of the gross sales. Moreover, about 25% of the income comes from sale of merchandise.
For FY24, income from operations stood at Rs 511 crore, up from Rs 433 crore a 12 months in the past. Internet revenue after tax greater than doubled to Rs 60.4 crore.
Fedex Securities is the only real book-running lead supervisor to the difficulty.
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