Deepak Builders & Engineers India Ltd - IPO

Deepak Builders & Engineers India Ltd IPO Details

Initial public offering of 12,810,000 equity shares of face value of Rs. 10 each (Equity Shares) of Deepak Builders & Engineers India Limited (The Company or the Issuer) for cash at a price of Rs. 203 per equity share (including a securities premium of Rs. 193 per equity share) (Offer Price) aggregating to Rs. 260.04 crores comprising a fresh issue of 10,700,000 equity shares of face value of Rs. 10 each aggregating to Rs. 217.21 crores by the company (Fresh Issue) and an offer for sale of 2,110,000 equity shares of face value of Rs. 10 each aggregating to Rs. 42.83 crores (Offered Shares) by the selling shareholders, comprising 1,920,000 equity shares of face value of Rs. 10 each aggregating to Rs. 38.98 crores by Deepak Kumar Singal and 190,000 equity shares of face value of Rs. 10 each aggregating to Rs. 3.86 crores by Sunita Singal (collectively the Selling Shareholders or Promoter Selling Shareholders), (Offer for Sale, together with the fresh issue, the Offer). The offer will constitute 27.50% of its post-offer paid-up equity share capital. The face value of the equity shares is Rs. 10 each and the offer price is 20.3 times the face value of the equity shares.

Objective of issue

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

Deepak Builders & Engineers India Ltd Contact Details

Deepak Builders & Engineers India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investor@deepakbuilders.co.in

Website - www.deepakbuilders.co.in