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
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.
| 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 | ||
| 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 | |
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.
| 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 |
| 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: |
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.
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
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 | |||
327 3.7 Rating:  Vote Here ... |
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
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