Bookbuilding IPO | ₹185 Cr | Listing at BSE, NSE | Fri, Sep 28, 2018 - Wed, Oct 3, 2018
Dinesh Engineers IPO is a book build issue of ₹185.00 crores. The issue is entirely a fresh issue of 1.00 crore shares of ₹185.00 crore.
Dinesh Engineers IPO bidding started from Sep 28, 2018 and ended on Oct 3, 2018. The allotment for Dinesh Engineers IPO was finalized on Oct 9, 2018.
Dinesh Engineers IPO is set issue price band at ₹183 to ₹185 per share. The lot size for an application is 80 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,800 (80 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (5,440 shares), amounting to ₹10,06,400.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Dinesh Engineers IPO RHP for detailed Information.
IPO Open
Fri, Sep 28, 2018
IPO Close
Wed, Oct 3, 2018
Price Band
₹183 to ₹185
Market Cap (Pre-IPO)
To be declared
| IPO Date | 28 Sep to 3 Oct, 2018 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹183 to ₹185 |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,00,00,000 shares (agg. up to ₹185 Cr) |
| Fresh Issue | 1,00,00,000 shares (agg. up to ₹185 Cr) |
| Share Holding Pre Issue | 2,95,00,000 shares |
| Share Holding Post Issue | 3,95,00,000 shares |
Dinesh Engineers IPO comprises a total issue size of 1,00,00,000 shares. Out of which, 50,00,000 are allocated to QIB, 15,00,000 (15.00%) allocated to NII 35,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 50,00,000 | NA | |
| − QIB (Ex. Anchor) Shares Offered | 50,00,000 | NA | |
| NII (HNI) Shares Offered | 15,00,000 | 15.00% | NA |
| Retail Shares Offered | 35,00,000 | 35.00% | 43,750 |
| Total Shares Offered | 1,00,00,000 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,800 |
| Retail (Max) | 13 | 1,040 | ₹1,92,400 |
| S-HNI (Min) | 14 | 1,120 | ₹2,07,200 |
| S-HNI (Max) | 67 | 5,360 | ₹9,91,600 |
| B-HNI (Min) | 68 | 5,440 | ₹10,06,400 |
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
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 417.94 | 198.04 | 2,139.72 |
| Total Income | 302.78 | 169.91 | 122.50 |
| Profit After Tax | 61.70 | 22.00 | 12.89 |
| NET Worth | 107.99 | 46.15 | 28.98 |
| Reserves and Surplus | 78.49 | 45.90 | 28.73 |
| Total Borrowing | 26.12 | 9.64 | 11.46 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of business by setting up of further OFC Network under IP-1 License | 156.45 |
| 2 | To fund expenditures towards general corporate purposes |
The Dinesh Engineers IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc. and other out of pocket expenses | |
| 2 | Printing and Stationery and postage expenses, Advertising and Marketing expenses | |
| 3 | Statutory & other expenses |
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.
Lead Manager Reports
Dinesh Engineers IPO is a main-board IPO of 1,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹185 Crores. The issue is priced at ₹183 to ₹185. The minimum order quantity is 80.
The IPO opens on Fri, Sep 28, 2018, and closes on Wed, Oct 3, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Dinesh Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Dinesh Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dinesh Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dinesh Engineers IPO opens on Fri, Sep 28, 2018 and closes on Wed, Oct 3, 2018.
Dinesh Engineers IPO lot size is 80, and the minimum amount required for application is ₹14,800.
You can apply in Dinesh Engineers IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wed, Oct 10, 2018. Check the Dinesh Engineers IPO allotment status.
The Dinesh Engineers IPO listing date is not yet announced. The tentative date of listing is .
