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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
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.
| IPO Opening Date | Sep 28, 2018 |
| IPO Closing Date | Oct 3, 2018 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹183 to ₹185 per equity share |
| Market Lot | 80 Shares |
| Min Order Quantity | 80 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,000,000 Eq Shares of ₹10 (aggregating up to ₹185.00 Cr) |
The Dinesh Engineers IPO open date is Sep 28, 2018, and the close date is Oct 3, 2018. The issue may list on [.].
| IPO Open Date | Sep 28, 2018 |
| IPO Close Date | Oct 3, 2018 |
| Basis of Allotment Date | Oct 9, 2018 |
| Initiation of Refunds | Oct 10, 2018 |
| Credit of Shares to Demat Account | Oct 10, 2018 |
| IPO Listing Date | [.] |
The Dinesh Engineers IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹192,400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 80 | ₹14,800 |
| Maximum | 13 | 1040 | ₹192,400 |
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.
The Dinesh Engineers IPO is subscribed 0.08 times on Oct 3, 2018 17:00. The public issue subscribed 0.09 in the retail category, 0.00 in the QIB category, and 0.33 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.00 |
| NII | 0.33 |
| RII | 0.09 |
| Total | 0.08 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dineshengineers.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Manager Reports
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 equity share. The minimum order quantity is 80 Shares.
The IPO opens on Sep 28, 2018, and closes on Oct 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 Sep 28, 2018 and closes on Oct 3, 2018.
Dinesh Engineers IPO lot size is 80 Shares and the minimum order quantity is 80 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Dinesh Engineers IPO will be done on Oct 9, 2018, and the allotted shares will be credited to your demat account by Oct 10, 2018. Check the Dinesh Engineers IPO allotment status.
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