{"id":35644,"date":"2024-10-19T12:41:32","date_gmt":"2024-10-19T07:11:32","guid":{"rendered":"https:\/\/bizzsight.com\/index.php\/2024\/10\/19\/deepak-builders-engineers-india-limited-ipo-opens-on-october-21-2024\/"},"modified":"2024-10-19T12:41:32","modified_gmt":"2024-10-19T07:11:32","slug":"deepak-builders-engineers-india-limited-ipo-opens-on-october-21-2024","status":"publish","type":"post","link":"https:\/\/bizzsight.com\/index.php\/2024\/10\/19\/deepak-builders-engineers-india-limited-ipo-opens-on-october-21-2024\/","title":{"rendered":"Deepak Builders &amp; Engineers India Limited IPO Opens on October 21, 2024"},"content":{"rendered":"<div>\n<div>\n<p><strong>Mumbai (Maharashtra) [India] October 19: <\/strong>Deepak Builders &amp; Engineers India Limited provides integrated engineering and construction services for diverse projects across India, proposes to open its Initial Public Offering on October 21, 2024, aiming to raise \u20b9 260.04Crore, with shares to be listed on the NSE &amp; BSE platform.<\/p>\n<p>The issue size is\u00a0Up To\u00a012,810,000\u00a0equity shares at\u00a0a\u00a0face value of\u00a0\u20b9\u00a010\u00a0each.<\/p>\n<p><strong>Equity Share Allocation<\/strong><\/p>\n<ul>\n<li>QIB Portion \u2013 Not More Than 6,405,000 Equity Shares<\/li>\n<li>Non-Institutional Investors \u2013 Not Less Than 1,921,500Equity Shares<\/li>\n<li>Retail Individual Investors \u2013 Not Less Than 4,483,500Equity Shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized for\u00a0Repayment\/prepayment, in full or part, of certain borrowings availed by\u00a0the\u00a0Company\u00a0and\u00a0Funding of\u00a0working capital requirements.\u00a0The\u00a0anchor portion\u00a0will\u00a0open on\u00a0October\u00a018,2024\u00a0and issue will\u00a0close on\u00a0October\u00a023, 2024.<\/p>\n<p>The\u00a0Book Running\u00a0Lead Manager to the Issue is\u00a0Fedex Securities Private Limited,\u00a0The Registrar to the Issue is\u00a0<a name=\"_Hlk179386769\"><\/a>Kfin Technologies Limited<\/p>\n<p>Mr.\u00a0Deepak Kumar Singal,\u00a0Chairman &amp;\u00a0Managing Director,\u00a0of\u00a0Deepak Builders &amp; Engineers India Limited\u00a0expressed,\u00a0announcing\u00a0our IPO is a momentous occasion for Deepak Builders &amp; Engineers India Limited, marking a new chapter in our journey as a leader in the infrastructure sector. This milestone reflects our commitment to excellence and innovation in delivering high-quality construction and engineering solutions.<\/p>\n<p>The proceeds from the IPO will be instrumental in enhancing our working capital, enabling us to strategically manage our borrowings and invest in future projects that align with our growth objectives. We are excited about the opportunities that lie ahead and remain dedicated to building a sustainable infrastructure that meets the needs of our communities and clients. This IPO will not only strengthen our operational capabilities but also contribute to our long-term growth.\u201d<\/p>\n<p>Mr.\u00a0Uday Nair,\u00a0Director\u00a0of\u00a0Fedex Securities Private\u00a0Limited\u00a0said\u00a0we are\u00a0glad\u00a0to be a part of the upcoming IPO ofDeepak Builders &amp; Engineers India Limited is\u00a0a strategic move that aligns perfectly with the substantial growth in India\u2019s infrastructure sector.\u00a0The company\u2019s\u00a0portfolio includes a diverse range of high-quality construction projects, Deepak Builders is well-positioned to capitalize on the significant opportunities presented by increasing government investments and a rising demand for infrastructure development.\u201d<\/p>\n<p>The net proceeds from this IPO will be strategically allocated to bolster working capital, facilitate the repayment and prepayment of certain borrowing. This financial strategy is essential for enhancing the company\u2019s operational efficiency and positioning it for sustained growth. We believe that this IPO will provide Deepak Builders with the necessary resources to enhance their service capabilities and drive future success.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai (Maharashtra) [India] October 19: Deepak Builders &amp; Engineers India Limited provides integrated engineering and construction services for diverse projects across India, proposes to open its Initial Public Offering on October 21, 2024, aiming to raise \u20b9 260.04Crore, with shares to be listed on the NSE &amp; BSE platform. The issue size is\u00a0Up To\u00a012,810,000\u00a0equity shares [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":35645,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11],"class_list":["post-35644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/35644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/comments?post=35644"}],"version-history":[{"count":0,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/posts\/35644\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media\/35645"}],"wp:attachment":[{"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/media?parent=35644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/categories?post=35644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzsight.com\/index.php\/wp-json\/wp\/v2\/tags?post=35644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}