Dinesh Engineers Limited IPO (Dinesh Engineers IPO) Detail

Sep 28, 2018 - Oct 3, 2018

Incorporated in 2006, Mumbai based Dinesh Engineers Limited is a company engaged in the business of providing passive communication infrastructure services mainly to the Telecom operators and internet service providers ("ISPs").

The company has been licensed by the Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License, which allows the company to establish and maintain wired networks, Duct space to grant on lease or sale on IRU basis to the licensees of Telecom operators, ISPs etc.

The company has created its own optic fiber network of around 7500 km across the state of Rajasthan, Maharashtra, Goa, Gujarat, Karnataka, Andhra Pradesh, and Telangana. The wired network infrastructure solutions of the company are used by many Telecom Companies such as Airtel, BSNL, Idea, Reliance Jio, Vodafone, Tata Communication etc.

Some of the prominent clients of the Company includes Bharti Airtel Ltd, Vodafone, Tata Communications Ltd., Idea Cellular, Atria, Hathway, Sify, Intech, D-vois SSV etc. It also has Mahanagar Gas Limited as its customer for gas pipeline work.

The total revenue of the company for the fiscal years 2018, 2017 and 2016 are Rs 3027.78 million, ₹ 1699.11
million and ₹ 1225.02 million respectively.

The profit after tax for the fiscal years 2018 2017 and 2016 is ₹ 618.01 million, ₹ 219.82 million and ₹ 128.98
million respectively.

Competitive Strengths-

1. Established fiber network of around 7500 km
2. Strong client list with repeat business

Company Promoters:

The Promoters of the Company are Mr. Dinesh Kollaiah Kargal and Mrs. Shashikala Dinesh Kargal. They hold, in aggregate 29,496,640 Equity Shares, representing 99.989 % of the subscribed and paid-up Equity Share Capital of the Company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)	31-Mar-15
Total Assets	4,179.36	1,980.42	1,397.20	808.94
Total Revenue	3027.78	1,699.11	1,225.02	511.55
Profit After Tax	616.99	220.04	128.89	68.99

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)	31-Mar-15	31-Mar-14
Total Assets	4,178.08	1,980.92	1,397.70	809.44	452.35
Total Revenue	3,027.78	1,699.11	1,225.02	511.55	239.50
Profit After Tax	619.32	219.82	128.98	69.49	30.47

Objects of the Issue:

The objects of the Issue are-

1. Setting up of further OFC Network under IP-1 License;
2. Funds for General corporate purposes;
3. Meet public issue expenses.

Dinesh Engineers IPO Details

Issue Open	Sep 28, 2018 - Oct 3, 2018
Issue Type	Book Built Issue IPO
Issue Size	10,000,000 Eq Shares of Rs 10 (aggregating up to Rs 185.00 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 183 - Rs 185 Per Equity Share
Market Lot	80 Shares
Min Order Quantity	80 Shares
Listing At	BSE, NSE

Dinesh Engineers IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 28, 2018
Bid/Offer Closes On	Oct 3, 2018
Finalisation of Basis of Allotment	Oct 9, 2018
Initiation of Refunds	Oct 10, 2018
Credit of Shares to Demat Acct:	Oct 10, 2018
IPO Shares Listing Date:

IPO Notices

Withdrawal of initial public offer by Dinesh Engineers Limited

Date: 03 Oct 2018

The Company has decided to withdraw the application made for IPO on BSE and NSE Platform due to current volatility in the capital market. The entire application money will be refunded forthwith.

Dinesh Engineers IPO Subscription Status (Bidding Detail)

Dinesh Engineers IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Total
Shares Offered	5,000,000	1,500,000	3,500,000	10,000,000
Oct 3, 2018 17:00	0.00x	0.33x	0.09x	0.08x

Dinesh Engineers IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Dinesh Engineers IPO Rating

327

3.7

Rating:

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Dinesh Engineers IPO Reviews / Ratings

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Company Contact Information

Dinesh Engineers Limited
DEPL House
Neighbourhood Shopping Complex Sector-4,
Nerul Navi Mumbai -400706

Phone: + 91-022-27704600/4700
Email: admn@depl.co.in
Website: http://www.depl.co.in/

Dinesh Engineers IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: dineshengineers.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Dinesh Engineers IPO Lead Manager(s)

Hem Securities Limited

Lead Manager Reports

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Useful Articles

Dinesh Engineers IPO Review / Comments

94. Eagleye Dec 3, 2018 16:27

1 |

IPO Guru (4800+ Posts, 15500+ Likes)

THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 30th November 2018)

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6) Emami Cement >>> DRHP date 12-Oct-18
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17) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
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23) Century Metal Recycling>>> SEBI Approval 27-Sep-18
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94.1. ADITYA DABHI Dec 3, 2018 17:20

Pan Market ma kedi avse?

94.2. Dhan Ki Baat Dec 5, 2018 21:26

IPO Mentor (500+ Posts, 500+ Likes)

They all may remain in Pipeline until 2020

93. R R Patel Nov 9, 2018 17:40

3 |

IPO Mentor (700+ Posts, 3100+ Likes)

Sub: Streamlining the Process of IPO:

SEBI, in its endeavor to provide an efficient mechanism for raising funds, has been
continuously striving to streamline the process and methodologies associated with
public issue fund raising process. Towards this end, the time duration from issue
closure to listing was shortened from 12 working days to 6 working days with effect
from January 01, 2016, making Application Supported by Blocked Amount (ASBA)
mechanism as the sole payment mechanism in public issues.

As a part of the continuing efforts to further streamline the process, it has been
decided, in consultation with the stake holders to introduce the use of Unified
Payments Interface (UPI) as a payment mechanism with Application Supported by Block Amount (ASBA) for applications in public issues by retail individual investors
through intermediaries (Syndicate members, Registered Stock Brokers, Registrar and
Transfer agent and Depository Participants). The proposed process would increase
efficiency, eliminate the need for manual intervention at various stages, and will
reduce the time duration from issue closure to listing by upto 3 working days.

Considering the time required for making necessary changes to the systems and to
ensure complete and smooth transition to UPI payment mechanism, the proposed
alternate payment mechanism and consequent reduction in timelines is proposed to
be introduced in a phased manner as under:

Phase I: From January 01, 2019, the UPI mechanism for retail individual investors
through intermediaries will be made effective along with the existing process and
existing timeline of T+6 days. The same will continue, for a period of 3 months or
floating of 5 main board public issues, whichever is later.

Phase II: Thereafter, for applications by retail individual investors through
intermediaries, the existing process of physical movement of forms from
intermediaries to Self-Certified Syndicate Banks (SCSBs) for blocking of funds
will be discontinued and only the UPI mechanism with existing timeline of T+6
days will continue, for a period of 3 months or floating of 5 main board public
issues, whichever is later.

Phase III: Subsequently, final reduced timeline will be made effective using the
UPI mechanism.

Number of applications per bank account:

In order to ensure parity across the various channels for submitted
applications, it has been decided that an investor making application using any
of the aforesaid channel, shall use only his / her own bank account or only his
/ her own bank account linked UPI ID to make an application in public issues.

Applications made using third party bank account or using third party linked
bank account UPI ID are liable for rejection.

Sponsor Bank shall provide the investors UPI linked bank account details to
RTA for purpose of reconciliation.

RTA shall undertake technical rejection of all applications to reject applications
made using third party bank account.

So it means, multiple applications and grey market activities may reduce because only online application through UPI payment system and only by own bank account.

These new norms will be fully applicable from 2nd half of 2019 onwards.....

92. yazoo Oct 31, 2018 19:28

1 |

Please start an OFS Message board
An forum for Coal india ofs ?

92.1. KAMMA SIVA RAMA KRISHNA Nov 1, 2018 20:00

May I know Whether anyone has applied for COAL INDIA LIMITED OFS? May I also please know the subscription figures of OFS for COAL INDIA LIMITED and the particulars of date,rate and mode of allotment?

91. Dhan Ki Baat Oct 26, 2018 15:52

6 |

IPO Mentor (500+ Posts, 500+ Likes)

Equitas and Ujjivan participated in FRIDAYS Disaster Chain

Now its time for Biggies from Nifty Index to crash >10%

Nifty Should nosedive >5% in a single day Trade

90. Aniketiaf Sep 29, 2018 15:38

7 |

IPO Mentor (800+ Posts, 4700+ Likes)

DHFL Crashed on last to last Friday....

INFIBEAM Crashed on last Friday....

Can any body guess....

Who is the suitable candidate for next Friday.....?

Load more comments (12 replies)

90.1. JSP Sep 29, 2018 16:03

6 |

Monday Bandhan Bank will crash!

90.2. SJ Sep 29, 2018 16:04

2 |

IPO Mentor (700+ Posts, 1600+ Likes)

Garden reach sureshot if deadline not extended

90.3. PSR Sep 29, 2018 16:32

2 |

IPO Mentor (700+ Posts, 400+ Likes)

It is most unlikely that Bandhan bank will crash on Monday, since the issue involved is delay dilution of ownershop.

However, it may trade weak.

if it trades below listing price, it may be good opportunity to accumulate the stock.

90.4. Quality Comment Sep 29, 2018 18:41

6 |

Kin kin ko accumulate kare?
Kin kin ko average kare?
Kisko long term k liye rakhe?
Kis kis se bache?
Kisme he kitna dum?
Kaun he gaddar?
Kis kis ko portfolio me bithaye?
Kaun Bagawat Karega?
Kyu kyu kyu? Akhir retailer hi kyu?
Hahahaha

90.5. Aniketiaf Sep 29, 2018 19:12

6 |

IPO Mentor (800+ Posts, 4700+ Likes)

BTW,

There is a crash in Food Panda...

Orders upto of 100 are just for 9 only..

."code-RUSH9"

Almost 90% Fall....

😝😁😃

90.6. VIE Sep 30, 2018 10:32

1 |

IPO Mentor (500+ Posts, 500+ Likes)

@ jsp
Bandan bank will not make free fall like infibeam or dfhl. It fall like yes bank.

90.7. JSP Sep 30, 2018 11:00

2 |

@VIE - I agree with you. Expecting some good decision by management on 10th Oct. 2018.

90.8. JSP Sep 30, 2018 11:03

2 |

Monday I will face a big negative portfolio - coz I've 880 shares of Bandhan Bank. Let's hope for recovery soon :(

90.9. Aniketiaf Sep 30, 2018 16:58

5 |

IPO Mentor (800+ Posts, 4700+ Likes)

Risk taker can buy INFIBEAM Tomorrow....

Medium / Long term investor can add DHFL, YES BANK, INDIABULLS HOUSING FINANCE, HDFC AMC If corrected some more....

90.10. Aniketiaf Sep 30, 2018 17:03

4 |

IPO Mentor (800+ Posts, 4700+ Likes)

Bandan Bank below 480 (If available) is a good buy.

90.11. Aniketiaf Oct 5, 2018 17:35

2 |

IPO Mentor (800+ Posts, 4700+ Likes)

Finally....

This Friday......

It was HPCL, IOC, BPCL

Can any body guess....

Who is the suitable candidate for next Friday.....?

90.12. KVR Krishna Oct 8, 2018 11:49

on 11th Oct (Thursday), TCS is going to announce the results. This friday should be +ve i think.

90.13. Aniketiaf Oct 13, 2018 14:35

1 |

IPO Mentor (800+ Posts, 4700+ Likes)

Finally
Last Friday was
A
Good Friday.

90.14. KVR Krishna Oct 22, 2018 11:45

last friday (19 OCT),
MindTree, IndiaBulls Housing, PNB Housing... were down
any guesses on next friday (26th Oct)...???

89. harit Oct 4, 2018 19:43

IPO Guru (1000+ Posts, 1700+ Likes)

Administrator
Please remove this page
Needless

88. KAUSHAL BODANI Oct 4, 2018 11:09

VIEW ON IPO :- AVOID
EXPACTED RETURNS :- 0
STAR RATTING :- *

87. GrowYourMoney Oct 3, 2018 20:27

2 |

Top Contributor (200+ Posts, 300+ Likes)

LM failed to engineer Subscriptions for the IPO

86. Carn Mohan Oct 3, 2018 20:25

IPO Mentor (600+ Posts, 200+ Likes)

Overvalued ipo fail ho Gaya.

85. SJ Oct 3, 2018 14:54

2 |

IPO Mentor (700+ Posts, 1600+ Likes)

Another Garden

Either Extend OR Cancel

85.1. iCapital Oct 3, 2018 19:41

1 |

Dear SJ,

It looks withdrawn, please see below link.

https://www.moneycontrol.com/news/business/ipo/dinesh-engineers-withdraws-ipo-on-weak-equity-market-conditions-3010271.html

84. iCapital Oct 3, 2018 19:39

Dinesh Engineers withdraws IPO on weak equity market conditions

https://www.moneycontrol.com/news/business/ipo/dinesh-engineers-withdraws-ipo-on-weak-equity-market-conditions-3010271.html

83. GrowYourMoney Oct 3, 2018 17:17

2 |

Top Contributor (200+ Posts, 300+ Likes)

Heard its withdrawn

83.1. iCapital Oct 3, 2018 19:38

Yes, you are right, see below link.

https://www.moneycontrol.com/news/business/ipo/dinesh-engineers-withdraws-ipo-on-weak-equity-market-conditions-3010271.html

82. AV Rajkot Oct 3, 2018 16:32

2 |

Where can we see information whether the issue is canceled or price band is revised?

82.1. iCapital Oct 3, 2018 19:38

you can check on below link.

https://www.moneycontrol.com/news/business/ipo/dinesh-engineers-withdraws-ipo-on-weak-equity-market-conditions-3010271.html

81. patience & passion Oct 3, 2018 18:13

2 |

Due to turbulent market conditions company had decided to withdraw Dinesh Engineers Ltd IPO.

80. Hiteshji Oct 3, 2018 17:44

2 |

Top Contributor (300+ Posts, 200+ Likes)

I think we should avoid all ipos
till november. Let stabilize the
market.

79. SJ Oct 3, 2018 17:00

5 |

IPO Mentor (700+ Posts, 1600+ Likes)

Subscribed up to 17 % only.i.e 30 crore only.

T group IPOs are receiving subscription of SME IPOs...

78. Shareking The BuLLz EyE Oct 3, 2018 15:26

2 |

Top Contributor (400+ Posts, 600+ Likes)

A good ipo couldn't go through due to market conditions
i have applied for this ipo
hope the application will be cancelled automatically

78.1. AjayKMali Oct 3, 2018 15:57

1 |

True, In Booming market, even chip IPO' sail through wonderfully and in down market even good IPO's fail to get 1 time subscription.

78.2. Small Investor Oct 3, 2018 16:24

1 |

IPO Mentor (800+ Posts, 300+ Likes)

sir do't apply in this ipo
after listing this stock will down every day in 5% lower circuit till 10 days of listing

keep awey this stock
bechara accha ipo ki aaisi ki tesi kr di is market ne

77. SJ Oct 3, 2018 16:22

3 |

IPO Mentor (700+ Posts, 1600+ Likes)

Nifty seeks strong support at this level 10760-10780.It must bounce back from that level otherwise it'll plunge down to bloodbath 10200-10250 level.
Tomorrow RBI policy.Rate hike negative for banks,nbfc,hfc,realty.

76. Devenblt Oct 3, 2018 15:56

2 |

No bid from qib

75. iCapital Oct 3, 2018 15:27

2 |

Again another flop show... Withdraw or revised price with some extension?

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