Dinesh Engineers IPO

Dinesh Engineers IPODinesh 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Subscription Dates 28 September – 3 October 2018 (IPO withdrawn due to high volatility)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 Limited 
DEPL House Neighbourhood Shopping Complex
Sector-4, Nerul
Navi Mumbai -400706

Phone: +91 022 2770 4600
Email: [email protected]
Website: 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[email protected]
Website: 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 2018 (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



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