Dinesh Engineers Limited IPO
(i) Dinesh Engineers Limited was incorporated in 2006. Dinesh Engineers Limited is a passive communication infrastructure provider Company in India, focused on providing passive communication infrastructure services mainly to the Telecom operators and internet service providers (“ISPs”).
(ii) The Company is working towards executing the fibre 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 they 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.
(iii) Their key expertise lies in the field of providing support services to telecom vendors which inter alia includes Project management for laying of the duct and Optic fibre cables, Construction of basic transmission and telecom utilities, Dark fiber leasing, Optical fiber network construction, Maintenance of duct and optic fibre and optical fibre project turnkey services to various Telecom network operators & broadband Service operators across the states of India.
(iv) They have created their own of fiber network of around 6000 km which runs across the state of Maharashtra, Goa, Telangana, Rajasthan, and Karnataka. The wired network infrastructure solutions are used by many Telecom Companies such as Airtel, BSNL, Reliance Jio, Vodafone, Idea, Tata Communication etc.which helps them inter-alia in increasing network’s bandwidth, maximize existing network capacity, improve network performance and availability.
(v) Some of the prominent clients of their Company include telecom giants like Bharti Airtel Ltd, Idea Cellular, Vodafone, Tata Communications Ltd. etc. as well as ISP clients like Intech, D-vois SSV, Atria, power grid, Hathway, Sify riding on their fibre-optic network along with several routes. Apart from the above we also have Mahanagar Gas Limited in our client list for gas pipeline work.
(vi) Management Interaction by Bloomberg Quint
Objects of the Dinesh Engineers Limited IPO:
Dinesh Engineers Limited IPO Details:
|Open Date:||Sep 28 2018|
|Close Date:||Oct 03 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||185 Cr.|
|Lot Size:||80 Shares|
|Issue Price:||₹ 183-185 Per Equity Share|
|Listing Date:||Oct 12 2018|
Promoters And Management:
|(i) Authorized Share Capital 40,000,000 shares at FV@10)||40 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (29,500,000 Shares at FV@10)||29.5 Cr|
|(iii) Present Issue to public ( 10,000,000 Shares at FV@10)||10 Cr|
|(iv) Reservation for QIB (500000 Shares at FV@10)||50%|
|(v) Reservation for HNI (1500000 hares at FV@10)||15%|
|(vi) Reservation for Retail (3500000 Shares at FV@10)||35%|
|(vii) Paid Up Share Capital after the issue||39.5 Cr|
Financials of Dinesh Engineers Limited IPO:
|Year||Revenue(M)||PAT(M)||EBITDA Margins||Profit Margins||Outstanding Shares( M)||EPS|