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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 OpenSep 28, 2018 - Oct 3, 2018
Issue TypeBook Built Issue IPO
Issue Size10,000,000 Eq Shares of Rs 10
(aggregating up to Rs 185.00 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 183 - Rs 185 Per Equity Share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE
Dinesh Engineers IPO Tentative Date / Timetable
Bid/Offer Opens OnSep 28, 2018
Bid/Offer Closes OnOct 3, 2018
Finalisation of Basis of AllotmentOct 9, 2018
Initiation of RefundsOct 10, 2018
Credit of Shares to Demat Acct:Oct 10, 2018
IPO Shares Listing Date:

IPO Notices

External Link

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 (Live)

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

Dinesh Engineers IPO Rating

327
3.7
Rating:Rated 3.7 stars

Vote Here ...

Company Contact Information

Dinesh Engineers Limited
DEPL House
Neighbourhood Shopping Complex Sector-4,
Nerul Navi Mumbai -400706
Phone: + 91-022-27704600/4700
Fax:
Email: admn@depl.co.in
Website: http://www.depl.co.in/

Dinesh Engineers IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: dineshengineers.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Dinesh Engineers IPO Lead Manager(s)

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Dinesh Engineers IPO Review / Comments

avatar
90. Aniketiaf  Sep 29, 2018 15:38 I Like It. 8 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 3900+ 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.....?
avatar
90.13. Aniketiaf  Oct 13, 2018 14:35 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 3900+ Likes)
Finally
Last Friday was
A
Good Friday.
avatar
90.14. KVR Krishna  Oct 22, 2018 11:45 I Like It. | Report Abuse
last friday (19 OCT),
MindTree, IndiaBulls Housing, PNB Housing... were down
any guesses on next friday (26th Oct)...???
avatar
89. harit  Oct 4, 2018 19:43 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (900+ Posts, 1400+ Likes)
Administrator
Please remove this page
Needless
avatar
88. KAUSHAL BODANI  Oct 4, 2018 11:09 I Like It. | Report Abuse Reply
VIEW ON IPO :- AVOID
EXPACTED RETURNS :- 0
STAR RATTING :- *
avatar
87. GrowYourMoney  Oct 3, 2018 20:27 I Like It. 2 | Report Abuse Reply
LM failed to engineer Subscriptions for the IPO
avatar
86. Carn Mohan  Oct 3, 2018 20:25 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Overvalued ipo fail ho Gaya.
avatar
85. SJ  Oct 3, 2018 14:54 I Like It. 2 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
Another Garden

Either Extend OR Cancel
avatar
84. iCapital  Oct 3, 2018 19:39 I Like It. | Report Abuse Reply
avatar
83. GrowYourMoney  Oct 3, 2018 17:17 I Like It. 2 | Report Abuse Reply
Heard its withdrawn
avatar
82. AV Rajkot  Oct 3, 2018 16:32 I Like It. 2 | Report Abuse Reply
Where can we see information whether the issue is canceled or price band is revised?
avatar
81. patience & passion  Oct 3, 2018 18:13 I Like It. 2 | Report Abuse Reply
Due to turbulent market conditions company had decided to withdraw Dinesh Engineers Ltd IPO.
avatar
80. Hiteshji  Oct 3, 2018 17:44 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
I think we should avoid all ipos
till november. Let stabilize the
market.
avatar
79. SJ  Oct 3, 2018 17:00 I Like It. 5 | Report Abuse Reply
IPO Mentor 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...
avatar
78. Shareking The BuLLz EyE  Oct 3, 2018 15:26 I Like It. 2 | Report Abuse Reply
Top Contributor 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
avatar
78.1. AjayKMali  Oct 3, 2018 15:57 I Like It. 1 | Report Abuse
True, In Booming market, even chip IPO' sail through wonderfully and in down market even good IPO's fail to get 1 time subscription.
avatar
78.2. Small Investor  Oct 3, 2018 16:24 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ 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
avatar
77. SJ  Oct 3, 2018 16:22 I Like It. 3 | Report Abuse Reply
IPO Mentor 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.
avatar
76. Devenblt  Oct 3, 2018 15:56 I Like It. 2 | Report Abuse Reply
No bid from qib
avatar
75. iCapital  Oct 3, 2018 15:27 I Like It. 2 | Report Abuse Reply
Again another flop show... Withdraw or revised price with some extension?
avatar
74. v for vendetta  Oct 3, 2018 15:09 I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Sensex 500 points down.
Stay away, particularly from small and mid caps.
avatar
73. PKK  Oct 3, 2018 15:09 I Like It. | Report Abuse Reply
Worst then Garden
Only 9% approx
These promoters will never learn any lesson
They want investors to taken to a ride
Investors are also happy on promoters ride
avatar
72. Payal  Oct 3, 2018 13:16 I Like It. | Report Abuse Reply
Apply Karne Jaisa Hai Ke Nahi Dinesh Me ??
avatar
72.1. SJ  Oct 3, 2018 14:52 I Like It. 2 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 1600+ Likes)
nahiiiiiiiiiiiiiiii
avatar
71. DownriteVJ  Oct 3, 2018 14:48 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Still stuck at 0.15X only
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