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Dinesh Engineers Limited IPO (Dinesh Engineers IPO) Detail

September 28, 2018 - October 3, 2018

Dinesh Engineers IPO is a book built issue of Rs 185.00 crores.

Dinesh Engineers IPO bidding started from September 28, 2018 and ended on October 3, 2018. The allotment for Dinesh Engineers IPO was finalized on Tuesday, October 9, 2018.

Dinesh Engineers IPO price band is set at ₹183 to ₹185 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,800.

Hem Securities Limited is the book running lead manager of the Dinesh Engineers IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Dinesh Engineers IPO RHP for detailed information.

Dinesh Engineers IPO Details

IPO Date September 28, 2018 to October 3, 2018
Listing Date [.]
Face Value ₹10 per share
Price Band ₹183 to ₹185 per share
Lot Size 80 Shares
Total Issue Size10,000,000 shares
(aggregating up to ₹185.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Dinesh Engineers IPO Reservation

Dinesh Engineers IPO offers 10,000,000 shares. 5,000,000 (50.00%) to QIB, 1,500,000 (15.00%) to NII, 3,500,000 (35.00%) to RII. 43,750 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,000,000 (50.00%)NA
NII (HNI) Shares Offered1,500,000 (15.00%)
Retail Shares Offered3,500,000 (35.00%)43,750
Total Shares Offered10,000,000 (100%)

Dinesh Engineers IPO Timeline (Tentative Schedule)

Dinesh Engineers IPO opens on September 28, 2018, and closes on October 3, 2018.

IPO Open Date Friday, September 28, 2018
IPO Close Date Wednesday, October 3, 2018
Basis of Allotment Tuesday, October 9, 2018
Initiation of Refunds Wednesday, October 10, 2018
Credit of Shares to Demat Wednesday, October 10, 2018
Listing Date [.]
Cut-off time for UPI mandate confirmation 5 PM on October 3, 2018

Dinesh Engineers IPO Lot Size

Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 80 ₹14,800
Retail (Max) 13 1040 ₹192,400
Lot Size Calculator

About Dinesh Engineers Limited

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, Rs 1699.11
million and Rs 1225.02 million respectively.

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

Competitive Strengths-

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

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 (Dinesh Engineers IPO Objectives)

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 Review (Apply)

[Dilip Davda]  Considering the business model, marquee client list and the bright future prospects, this reasonably priced issue may be considered for investment. Due to listing in "T" category, there are remote chances of speculative trades on listing. Read detail review...


Dinesh Engineers IPO Subscription Status (Bidding Detail)

The Dinesh Engineers IPO is subscribed 0.08 times on October 3, 2018 5:00:00 PM. The public issue subscribed 0.09 times in the retail category, 0.00 times in the QIB category, and 0.33 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.00
NII0.33
Retail0.09
Total0.08

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 Prospectus

Dinesh Engineers IPO Rating

327
3.7
Rating:Rated 3.7 stars
Vote Here ...

Dinesh Engineers Limited Contact Details

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

Phone: +91-22-4918 6270
Email: dineshengineers.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Dinesh Engineers IPO - Buy or Not

Dinesh Engineers IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 2 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Dinesh Engineers IPO FAQs

Dinesh Engineers IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹185.00 Crores. The issue is priced at ₹183 to ₹185 per share. The minimum order quantity is 80 Shares.

The IPO opens on September 28, 2018, and closes on October 3, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Dinesh Engineers IPO opens on September 28, 2018 and closes on October 3, 2018.

Dinesh Engineers IPO lot size is 80 Shares, and the minimum amount required is ₹14,800.

You can apply in Dinesh Engineers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Dinesh Engineers IPO will be done on Tuesday, October 9, 2018, and the allotted shares will be credited to your demat account by Wednesday, October 10, 2018. Check the Dinesh Engineers IPO allotment status.

The Dinesh Engineers IPO listing date is not yet announced. The tentative date of Dinesh Engineers IPO listing is [.].
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Dinesh Engineers IPO Message Board

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175 Comments

94. Eagleye |   Link |  Bookmark |December 3, 2018 4:27:35 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
THE MOST RELIABLE
List of Main board IPOs IN THE PIPELINE
(Status as on 30th November 2018)


A) DRHP Filed - SEBI Approval *Awaited*:

1) Coldex >>> DRHP date 29-Nov-18
2) Neogen Chemicals >>> DRHP date 05-Nov-18
3) Penna Cement Industries >>> DRHP date 05-Nov-18
4) Polycab Wires >>> DRHP date 31-Oct-18
5) Prince Pipes And Fittings >>> DRHP date 15-Oct-18
6) Emami Cement >>> DRHP date 12-Oct-18
7) Heranba Industries >>> DRHP date 29-Sep-18
8) Stove Kraft >>> DRHP date 28-Sep-18
9) Chartered Speed >>> DRHP date 27-Sep-18
10) Narmada Biochem >>> DRHP date 26-Sep-18
11) Anand Rathi Wealth Services >>> DRHP date 24-Sep-1
12) T & T Infra >>> DRHP date 24-Sep-18
13) Shri Bajrang Power and Ispat >>> DRHP date 12-Sep-18
14) Angel Broking >>> DRHP date 05-Sep-18
15) Studds Accessories >>> DRHP date 27-Aug-18
16) Senco Gold >>> DRHP date 21-Aug-18
17) Shyam Metallics and Energy >>> DRHP date 06-Aug-18
18) Vishwaraj Sugar Industries >>> DRHP date 20-Dec-17


B) SEBI Approval *Received* *(within the past 4 months)*:

1) Flair Writing Industries >>> SEBI Approval 30-Nov-18
2) Neccon Power & Infra >>> SEBI Approval 29-Nov-18
3) Metropolis Healthcare >>> SEBI Approval 22-Nov-18
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8) Mrs.Bectors Food Specialities >>> SEBI Approval 09-Nov-18
9) PNB Metlife India Insurance Co. >>> SEBI Approval 02-Nov-18
10) AGS Transact Technologies >>> SEBI Approval 26-Oct-18
11) Harsha Engineers >>> SEBI Approval 19-Oct-18
12) Affle India >>> SEBI Approval 19-Oct-18
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22) Ami Organics >>> SEBI Approval 28-Sep-18
23) Century Metal Recycling>>> SEBI Approval 27-Sep-18
24) Anmol Industries >>> SEBI Approval 21-Sep-18
25) Indiamart Intermesh >>> SEBI Approval 14-Sep-18
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29) Penver Products >>> SEBI Approval 05-Sep-18
30) Vectus Industries >>> SEBI Approval 31-Aug-18
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32) Craftsman Automation >>> SEBI Approval 24-Aug-18


C) SEBI Approval *Received* *(>4 months ago)*:

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51) John Energy >>> SEBI Approval 27-Apr-18
52) Nazara Technologies >>> SEBI Approval 20-Apr-18


D) SEBI Approval *Received* *(>8 months ago)*:

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56) Indian Renewable Energy >>> SEBI Approval 16-Feb-18
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63) Gandhar Oil Refinery (India) >>> SEBI Approval 26-Oct-17
94.1. ADITYA DABHI |   Link |  Bookmark |December 3, 2018 5:20:06 PM
Pan Market ma kedi avse?
94.2. Dhan Ki Baat |   Link |  Bookmark |December 5, 2018 9:26:35 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
They all may remain in Pipeline until 2020
93. R R Patel |   Link |  Bookmark |November 9, 2018 5:40:53 PM
IPO Mentor IPO Mentor (800+ Posts, 3400+ 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 |   Link |  Bookmark |October 31, 2018 7:28:37 PM
Please start an OFS Message board
An forum for Coal india ofs ?
92.1. KAMMA SIVA RAMA KRISHNA |   Link |  Bookmark |November 1, 2018 8:00:56 PM
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 |   Link |  Bookmark |October 26, 2018 3:52:19 PM
IPO Mentor 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 |   Link |  Bookmark |September 29, 2018 3:38:31 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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.....?
90.13. Aniketiaf |   Link |  Bookmark |October 13, 2018 2:35:36 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Finally
Last Friday was
A
Good Friday.
90.14. KVR Krishna |   Link |  Bookmark |October 22, 2018 11:45:35 AM
last friday (19 OCT),
MindTree, IndiaBulls Housing, PNB Housing... were down
any guesses on next friday (26th Oct)...???
89. harit |   Link |  Bookmark |October 4, 2018 7:43:01 PM
Administrator
Please remove this page
Needless
88. KAUSHAL BODANI |   Link |  Bookmark |October 4, 2018 11:09:22 AM
VIEW ON IPO :- AVOID
EXPACTED RETURNS :- 0
STAR RATTING :- *
87. GrowYourMoney |   Link |  Bookmark |October 3, 2018 8:27:54 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
LM failed to engineer Subscriptions for the IPO
86. Carn Mohan |   Link |  Bookmark |October 3, 2018 8:25:47 PM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Overvalued ipo fail ho Gaya.
85. SJ |   Link |  Bookmark |October 3, 2018 2:54:13 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
Another Garden

Either Extend OR Cancel
85.1. iCapital |   Link |  Bookmark |October 3, 2018 7:41:25 PM
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 |   Link |  Bookmark |October 3, 2018 7:39:24 PM
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 |   Link |  Bookmark |October 3, 2018 5:17:21 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Heard its withdrawn
83.1. iCapital |   Link |  Bookmark |October 3, 2018 7:38:44 PM
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 |   Link |  Bookmark |October 3, 2018 4:32:48 PM
Where can we see information whether the issue is canceled or price band is revised?
82.1. iCapital |   Link |  Bookmark |October 3, 2018 7:38:11 PM
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 |   Link |  Bookmark |October 3, 2018 6:13:40 PM (200+ Posts, 100+ Likes)
Due to turbulent market conditions company had decided to withdraw Dinesh Engineers Ltd IPO.
80. Hiteshji |   Link |  Bookmark |October 3, 2018 5:44:54 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I think we should avoid all ipos
till november. Let stabilize the
market.
79. SJ |   Link |  Bookmark |October 3, 2018 5:00:53 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ 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 |   Link |  Bookmark |October 3, 2018 3:26:57 PM
IPO Mentor IPO Mentor (800+ Posts, 1100+ 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 |   Link |  Bookmark |October 3, 2018 3:57:13 PM
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 |   Link |  Bookmark |October 3, 2018 4:24:16 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ 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 |   Link |  Bookmark |October 3, 2018 4:22:25 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ 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 |   Link |  Bookmark |October 3, 2018 3:56:59 PM
No bid from qib
75. iCapital |   Link |  Bookmark |October 3, 2018 3:27:37 PM
Again another flop show... Withdraw or revised price with some extension?