A Deep Dive into Deepak Builders IPO

we analyze the recently launched Deepak Builders IPO and its investment potential.

Who is Deepak Builders?

Deepak Builders & Engineers Ltd., founded in 2017, is a construction company focused on government, institutional, and industrial buildings, with key projects across Punjab, Haryana, and NCR.

Deepak Builders IPO: Key Details

– IPO Date: October 21-23, 2024 – Listing Date: October 28, 2024 – Price Band: ₹192 to ₹203 per share – Total Issue Size: ₹260.04 Cr

How Much Can You Invest?

– Retail (Min): 1 Lot (73 shares) ₹14,819 – Retail (Max): 13 Lots (949 shares) ₹192,647 – S-HNI: ₹207,466 to ₹992,873 – B-HNI: ₹1,007,692 (68 lots)

Deepak Builders’ Financials at a Glance

– Assets: ₹641.1 Cr (as of June 2024) – Revenue: ₹106.34 Cr (Q1 FY24) – PAT: ₹14.21 Cr (Q1 FY24) – Net Worth: ₹155.81 Cr

Growth Potential of Deepak Builders

With an order book of ₹1,300 Cr and expansion plans into new regions, Deepak Builders is primed for long-term growth. The fresh issue will support its operational expansion.

Why Invest in Deepak Builders IPO?

– Strong order book – Financial growth – Diverse project portfolio – Expansion into untapped region

What Are the Risks?

– Limited geographic presence (focused in North India) – Competition in the construction sector – Manageable but noteworthy debt level

IPO Timeline

– Open Date: October 21, 2024 – Close Date: October 23, 2024 – Allotment Date: October 24, 2024 – Refund & Credit Date: October 25, 2024 – Listing Date: October 28, 2024

Should You Invest?

Deepak Builders IPO offers solid growth potential for long-term investors. However, short-term investors should monitor post-listing performance closely. Consult your financial advisor before making a decision.