The Dilip Buildcon IPO is a book-built offering worth Rs 653.98 crore. The offering consists of a fresh issue of Rs 430.00 crore and an offer to sell 1.02 crore shares. Bidding for Dilip Buildcon’s initial public offering (IPO) began on August 1, 2016 and finished on August 3, 2016. On August 11, 2016, the shares were listed on the BSE and NSE.
The pricing band for Dilip Buildcon’s IPO is established at 214 to 219 per share. An application requires a minimum lot size of 65 shares. Retail investors must make a minimum investment of $14,235.
Dilip Buildcon Ltd., founded in 2006, is a Bhopal, MP-based engineering, procurement, and construction (EPC) contractor specializing in road projects in India. This paragraph contains information from chittorgarh.com, India’s No. 1 IPO Investment Portal. The core business of the company is to build roads and irrigation systems throughout India. Dilip Buildcon specializes in the construction of state and federal highways, city streets, culverts, and bridges. The company has grown into irrigation and urban development.
In the last 5 years, Dilip Buildcon has completed the construction of 51 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra with a length of 5,858.49 lane kilometers. The company is the owner of one of the largest fleets of construction equipment in India, with over 6,604 vehicles. The company is also one of the largest employers in the construction sector, with around 18,000 employees. Dilip Buildcon’s Competitive Strengths:
- One of the Leading Road-focused EPC Contractor
- Efficient business model
- Excellent execution track record through strong operating systems and controls
- Strong financial performance and credit profile
- Visible growth through a robust order book and excellent pre-qualification credentials
- Experienced management and promoters
Dilip Buildcon IPO Details
| IPO Date | August 1, 2016 to August 3, 2016 |
| Listing Date | August 11, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹214 to ₹219 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 29,861,976 shares (aggregating up to ₹653.98 Cr) |
| Fresh Issue | 19,634,703 shares (aggregating up to ₹430.00 Cr) |
| Offer for Sale | 10,227,273 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Dilip Buildcon IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,235 |
| Retail (Max) | 14 | 910 | ₹199,290 |
Dilip Buildcon IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 6,201,772 (29.03%) | NA |
| NII (HNI) Shares Offered | 4,548,110 (21.29%) | |
| Retail Shares Offered | 10,612,256 (49.68%) | 163,265 |
| Total Shares Offered | 21,362,138 (100%) |
Objects of the Issue (Dilip Buildcon IPO Objectives)
The public issue comprises a fresh issue and an offer for sale by the selling shareholders. Information in this section is taken from chittorgarh.com, India’s No. 1 IPO Investment Portal.
1. The Offer for Sale
- Dilip Buildcon will not receive any proceeds from the offer for sale.
2. The Fresh Issue
The proceeds from the fresh issue will be used towards the following objects:
- Prepayment or scheduled repayment of a portion of term loans availed by the company;
- To meet working capital requirements; and
- General corporate purposes
Dilip Buildcon IPO Listing Details
| Listing Date | August 11, 2016 |
| BSE Script Code | 540047 |
| NSE Symbol | DBL |
| ISIN | INE917M01012 |
| Final Issue Price | ₹219 per share |
Dilip Buildcon Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹219.00 | ₹219.00 |
| Open | ₹240.00 | ₹240.00 |
| Low | ₹239.25 | ₹240.00 |
| High | ₹255.00 | ₹254.80 |
| Last Trade | ₹251.95 | ₹251.75 |
Dilip Buildcon Ltd Contact Details
Dilip Buildcon Ltd
Plot No. 5, Inside Govind Narayan Singh Gate,
Chuna Bhatti, Kolar Road,
Bhopal 462 016
Phone: +91 755 4029999
Email: [email protected]
Website: http://www.dilipbuildcon.co.in
Dilip Buildcon IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
Dilip Buildcon IPO FAQs
Q1. What is the Dilip Buildcon IPO?
Ans. Dilip Buildcon IPO is a main-board IPO of 29,861,976 equity shares with a face value of ₹10, aggregating up to ₹653.98 crore. The issue is priced at ₹214 to ₹219 per share. The minimum order quantity is 65 shares. The IPO opens on August 1, 2016, and closes on August 3, 2016.
Q2. When will the Dilip Buildcon IPO open?
Ans. The Dilip Buildcon IPO opens on August 1, 2016 and closes on August 3, 2016.
Q3. What is the lot size of the Dilip Buildcon IPO?
Ans. Dilip Buildcon IPO lot size is 65 shares, and the minimum amount required is ₹14,235.
Q4. When is the Dilip Buildcon IPO listing date?
Ans. The Dilip Buildcon IPO listing date is on August 11, 2016.
