Dinesh Engineers is going to launch its IPO on 28 September. The Navi Mumbai based company provides passive communication infrastructure services mainly to the Telecom operators and internet service providers (ISPs). Since the receipt of the IP-I license, it has created its own optic fibre network of around 7500 kms which runs across the state of Rajasthan, Gujarat, Maharashtra, Goa, Karnataka, Andhra Pradesh and Telengana. Its wired network infrastructure solutions are used by several telecom companies such as Airtel, BSNL, Reliance Jio, Vodafone, Idea, Tata Communication etc. Here is a snapshot of Dinesh Engineers IPO grey market premium (Dinesh Engineers IPO GMP) movement in recent days.
Dinesh Engineers IPO GMP
Dinesh Engineers IPO GMP as on today is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 1 October 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 28 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 27 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 26 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 25 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 24 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 21 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 20 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 19 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 18 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO GMP as on 17 September 2018 is N/A, Kostak N/A
Dinesh Engineers IPO Key Details
| Dinesh Engineers IPO details | |
| Subscription Dates | 28 September – 3 October 2018 |
| Price Band | INR183 – 185 per share |
| Fresh issue | 10,000,000 shares (INR183 – 185 crore) |
| Offer For Sale | Nil |
| Total IPO size | 10,000,000 shares (INR183 – 185 crore) |
| Minimum bid (lot size) | 80 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Dinesh Engineers Financial Performance
| Dinesh Engineers’ financial performance (in INR crore) | ||||||
| FY2015 | FY2016 | FY2017 | FY2018 | |||
| Total revenues | 51.2 | 122.5 | 169.9 | 302.8 | ||
| Total expenses | 41.1 | 102.8 | 136.1 | 207.5 | ||
| Profit after tax | 6.9 | 12.9 | 22.0 | 61.8 | ||
| Net margin (%) | 13.5 | 10.5 | 12.9 | 20.4 | ||
Dinesh Engineers IPO Key Dates
IPO Opening Date: 28 September 2018
IPO Closing Date: 3 October 2018
Finalisation of Basis of Allotment: 9 October 2018
Initiation of refunds: 10 October 2018
Transfer of shares to demat accounts: 10 October 2018
Listing Date: 12 October 2018
Important points about IPO grey market:
- IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
- IPO grey market premium rates are provided as sourced from market intelligence. Please note these rates may be different depending on geographies and markets.
- We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
- Grey market premium is the rate of premium an IPO commands per share in grey market.
- Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
