Deepak Builders and Engineers is set to launch its ₹260-crore IPO from October 21 to October 23, with a price band of ₹192-203 per share. The IPO includes 1.07 crore fresh equity shares and 21.1 lakh shares issued via an offer-for-sale.
The Punjab-based company’s IPO proceeds will be used for debt repayment, working capital, and general corporate purposes. Specifically, ₹30 crore is allocated to repay debt, ₹111.96 crore for working capital, and the rest for other business needs.
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Deepak Builders currently manages 12 ongoing projects, equally split between construction and infrastructure segments. This diversified project portfolio aims to strengthen its position in the construction and engineering industry, showing future growth potential.
Financially, the company reported a net profit of ₹60.4 crore for FY24, reflecting an 182.4% increase from the previous year. Revenue grew by 18% to ₹511.4 crore, highlighting the company’s solid operational performance and revenue expansion.
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The company’s EBITDA also saw substantial growth, increasing by 120.5% year-on-year to ₹112.2 crore in FY24. Margins significantly improved by 1,020 basis points, rising to 21.9%, showcasing strong financial health and profitability in the construction and engineering sector.