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Deepak Builders Engineers IPO
Price Band
₹192.0–203.0
Issue Size
₹260.04 Cr
Lot Size
73 shares
Min Investment
₹14,819
GMP
+₹32.0 (15.76%)
Issue Price
₹203.0
Subject to Sauda
₹1800
Paid only if allotted
Deepak Builders Engineers IPO AI Summary
- Deepak Builders Engineers IPO is listed on BSE, NSE in the Civil Construction sector.
- Price band: ₹192.0–₹203.0 per share, lot size 73 shares (min. investment ₹14,819).
- Subscription window: 21 Oct–23 Oct 2024, listing on 28 Oct 2024.
- Current GMP is +₹32.0 (15.76%), an estimated listing price of ₹235 — unofficial and can change daily.
Deepak Builders & Engineers India Limited is a civil construction firm with a diverse project portfolio and a focus on quality. The IPO aims to raise funds for debt repayment and working capital, and it is positioned within a competitive market, as indicated by its P/E ratio relative to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Deepak Builders Engineers IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 23 Oct 2024 — not a current signal.
2 of 3 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Deepak Builders Engineers IPO Grey Market Premium (GMP) Today
GMP
+₹32.0
GMP %
+15.76%
Est. Listing
₹235.0
Updated: 25 Jul 2026 14:03
About the Company
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.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 641.10 | 558.75 | 449.30 | 322.18 |
| Total Income | 106.34 | 516.74 | 435.46 | 364.99 |
| Profit After Tax | 14.21 | 60.41 | 21.40 | 17.66 |
| NET Worth | 155.81 | 141.25 | 89.35 | 70.34 |
| Reserves and Surplus | 138.23 | 124.22 | 64.66 | 48.84 |
| Total Borrowing | 153.17 | 153.04 | 96.57 | 79.65 |
Key Ratios
EPS
₹16.84
NAV
₹43.42
ROE
8.48%
ROCE
8.97%
RoNW
9.57%
P/B Value
4.68
P/E Ratio
12.06
Market Cap
₹945.59 Cr
PAT Margin
13.52%
Debt/Equity
0.91
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Itd Cementation India Ltd | 86.95 | 20% | 37.04 | 15.93 | 15.93 |
| Psp Projects Ltd | 254.06 | 13.55% | 19.16 | 34.42 | 34.42 |
| Ahluwalia Contracts (india) Ltd. | 239.17 | 23.44% | 19.25 | 56.06 | 56.06 |
| Ircon International Ltd | 61.37 | 15.76% | 24.67 | 9.17 | 9.17 |
| Deepak Builders & Engineers India Limited This IPO | 39.37 | 52.39% | — | 16.84 | 16.84 |
Promoters
Deepak Kumar Singal and Sunita Singal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/prepayment, in full or part, of certain borrowings availed by the Company 30.00 2 Funding of working capital requirements of the Company; and 111.96 3 General corporate purposes 49.76
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹364.99 Cr for the period ending 31 Mar 2022, rising to ₹435.46 Cr by 31 Mar 2023, and further increasing to ₹516.74 Cr by 31 Mar 2024. However, for the period ending 30 Jun 2024, total income dropped to ₹106.34 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹17.66 Cr for the period ending 31 Mar 2022, increasing to ₹21.40 Cr by 31 Mar 2023, and further rising to ₹60.41 Cr by 31 Mar 2024. For the period ending 30 Jun 2024, profit after tax was ₹14.21 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Deepak Builders & Engineers India Limited has an implied P/E ratio of 12.06 at the issue price of ₹203.0, compared to peers trading at a P/E range of 19.16 to 37.04.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests demand for the stock, while a negative GMP indicates weaker interest.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market conditions, and their own investment strategy.
Who May Want to Wait
Investors with a low risk tolerance or those seeking guaranteed returns may want to avoid IPOs, as they can be subject to significant price fluctuations after listing.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by market sentiment, demand for the stock, and overall market conditions. Investors should be prepared for the possibility of price volatility on the first trading day.
This evaluation is generated from Deepak Builders Engineers's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Deepak Builders Engineers IPO GMP today?
Deepak Builders Engineers IPO GMP today is +₹32.0 (15.76%), indicating an estimated listing price of ₹235. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Deepak Builders Engineers IPO?
The price band of Deepak Builders Engineers IPO is ₹192.0–₹203.0 per share.
When does Deepak Builders Engineers IPO open and close?
Deepak Builders Engineers IPO opens on 21 October 2024 and closes on 23 October 2024.
When does Deepak Builders Engineers IPO list on the stock exchange?
Deepak Builders Engineers IPO listed on 28 October 2024 at ₹235.0.
What is the lot size for Deepak Builders Engineers IPO?
The lot size for Deepak Builders Engineers IPO is 73 shares, requiring a minimum investment of ₹14,819.
What is the lot size for this IPO?
The lot size for Deepak Builders & Engineers India Limited's IPO is 73 shares.
What is the minimum investment required?
The minimum investment required is ₹14,819.
What is the price band for this IPO?
The price band for the IPO is between ₹192.0 and ₹203.0.
When is the listing date?
The listing date for the IPO is October 28, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount of an IPO's listing price compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Oct 2024
Close
23 Oct 2024
Allotment
24 Oct 2024
Listing
28 Oct 2024
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