dinesh-engineers-ltd-ipoDinesh Engineers Limited will come soon in the stock exchange platform further to trade in Secondary Market. Investors can fetch all IPO related information like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulator SEBI (Securities Board of India).

The IPO is scheduled for Sep 28, 2018 with a price band of Rs. 183- Rs.185 per equity share. The lot size of applying the IPO is for 80 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

The company was incorporated on February 7, 2006 at Mumbai, Maharashtra, India. The company works as a passive communication infrastructure provider. It gives its services primarily to telecom operators and Internet service provider. It has its license by Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License where the firm is eligible to set up and support wired networks, Duct space to meet the need for getting on lease or sale on IRU basis to the licensees of Telecom operators, ISPs etc. The key functions of the firm are the project management for laying of the duct and optic fiber cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fiber and optical fibre project turnkey services to different Telecom network operators & broad band Service operators across the states of India. The company manages its own optic fiber network of around 6000 kms which is widespread in the state of Maharashtra, Gujarat, Uttar Pradesh, Bihar, Karnataka, Andhra Pradesh, Chhattisgarh, Goa and Rajasthan. BSNL, Airtel, Vodafone, Idea Cellular, Reliance Jio, TTML, BSNL, Reliance Corporate IT Park and TCIL are the important clients of the firm. Mahanagar Gas Limited is one of its client for gas pipelines work.

Positive Outlook of the Firm:-

  1. Manage own Optic fiber network of around 6000 Kms in India,
  2. Robust project management and execution capabilities,
  3. Effective and Valuable Business Model,
  4. Maintain strong relationship with customer following consistency in services,
  5. Strong and Knowledgeable workforce and management team,
  6. Quality Certification,
  7. Good and strong relationship with its suppliers and contractors,

Objects Of The Issue:-

Below are the objects of the issue:-

  • The develop and expand its business by setting up further OFC Network under IP-1 License;
  • For general corporate purposes; and
  • To fulfill the need of issue expenses.

Summary Of Issue:

Issue Open:- Sep 28, 2018 – Oct 3,2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 10,000,000 Equity Shares of Rs. 10 (aggregating up to Rs. 185.00 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [183-185] Per Equity Share
Market lots 80 Shares
Minimum Order Quantity 80 Shares
Listing At BSE, NSE

(*) indicates to be updated


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Dinesh Engineers Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)
Non Institutional Investors
Retail Individual Investors(RIIs)
Employees
Total

** Updated will be soon after subscription **


 

Important dates for Dinesh Engineers Limited Allotment Status

  • The Allotment date for Dinesh Engineers Limited IPO issue is expected on October 8, 2018.
  • The amount will get unblocked on October 9, 2018.
  • The Shares are expected to credit in DP accounts on October 9, 2018.
  • The Shares of Dinesh Engineers Limited is likely to get listed on October 10, 2018 on both BSE and NSE.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Dinesh Engineers Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Dinesh Engineers Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 


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Promoters Of the Company:-

Mr. Dinesh Kollaiah Kargal & Mrs. Shashikala Dinesh Kargal

Financials:- (Restated Consolidated)

Particulars For the year/Period ended (Rs. in Millions)
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16
Total Equity & Liabilities 4179.36 1980.42 1397.20
Total Revenue 3027.78 1699.11 1225.02
Total Expenses 2074.89 1360.72 1027.55
Profit After Tax (PAT) 616.99 220.04 128.89

Book Running Lead Managers Details:-

HEM SECURITIES LIMITED

203, Jaipur Tower, M.I. Road, Jaipur-302001
Tel. No.: +91- 0141-40510000
Website: www.hemsecurities.com
Email: ib@hemsecurities.com
Investor Grievance Email: redressal@hemsecurities.com
Contact Person : Mr. Sourabh Garg
SEBI Regn. No. INM000010981

Registrar to the offer:-

LINK INTIME INDIA PVT LIMITED
C-101, 1st Floor, 247 Park,
LBS Marg, Vikhroli (West),
Mumbai-400083, Maharashtra, India
Tel No.:+91-22-49186200;
Fax No.:+91-22-49186195
Email: dineshengineers.ipo@linkintime.co.in
Investor Grievance E-mail: dineshengineers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Regn. No.: INR000004058


Registered Office Details:-

DEPL House Neighbourhood Shopping Complex,
Sector-4, Nerul, Navi Mumbai-400706,
Maharashtra, India.
Tel No: + 91-022-27704600/4700;
E-mail: admn@depl.co.in.
Website: www.depl.co.in

For More Details Contact us 011-42445800 / 9650901058

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