Dinesh Engineers IPO overview – Dinesh Engineers is a passive communication infrastructure provider in India, focused on providing passive communication infrastructure services mainly to the Telecom operators and internet service providers (ISPs). The company was incorporated in 2006, and has been working towards executing the fiber laying work for many telecom operators. The company has been licensed by Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License, under which it can establish and maintain wired networks, duct space for the purpose to grant on lease or sale on IRU basis to the licensees of Telecom operators, ISPs etc.
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.
Since the year 2011, it has laid fibre network of around 9500 Kms for the telecom operators under the Vendor projects which run across the states of Maharashtra, Gujarat, Uttar Pradesh, Bihar, Karnataka, Andhra Pradesh, Chhattisgarh, Goa and Rajasthan and are currently being used by companies like BSNL, Airtel, Vodafone, Idea Cellular, Reliance Jio, TTML, BSNL, Reliance Corporate IT Park and TCIL. Apart from the above, the company has Mahanagar Gas Limited in its client list for gas pipeline work.
Promoters of Dinesh Engineers – Mr Dinesh Kollaiah Kargal & Mrs Shashikala Dinesh Kargal
| Dinesh Engineers IPO details | |
| Subscription Dates | 28 September – 3 October 2018 (IPO withdrawn due to high volatility) |
| 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 |
Objects of the issue
- Expansion of business by setting up of further OFC Network under IP-1 License – INR156.4 crore
- Fund expenditures towards general corporate purposes
- Issue Expenses
| 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 Contact Details
Dinesh Engineers LimitedÂ
DEPL House Neighbourhood Shopping Complex
Sector-4, Nerul
Navi Mumbai -400706
Phone:Â +91 022 2770 4600
Email: [email protected]
Website:Â www.depl.co.in
Registrar of Dinesh Engineers IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Valuation of Dinesh Engineers (FY2018)
Earnings Per Share (EPS): INR20.95
Price/Earnings (P/E) ratio: 8.73 – 8.83
Return on Net Worth (RONW): 57.23%
Net Asset Value (NAV): INR36.60 per share
Dinesh Engineers IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 5,000,000 | 0.00 | 0.00 | |
| NII | 1,500,000 | 0.21 | 0.30 | |
| Retail | 3,500,000 | 0.06 | 0.10 | |
| Total | 10,000,000 | 0.06 | 0.08 | |
Dinesh Engineers IPO Allotment Status
Dinesh Engineers IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Dinesh Engineers
IPO Opening Date: 28 September 2018 (IPO withdrawn due to high volatility)
IPO Closing Date: 3 October 2018Â (IPO withdrawn due to high volatility)
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
Listing Price on NSE: To be updated
Closing Price on NSE: To be updated
pe ratio is less than 10, what else you need in this market?? Mehangayi ka zamaana hai.
Kindly give me coming ipo detail
It will be listed in T group so better to avoid.