Dinesh Engineers IPO Cancelled and entire subscription will be refunded.
As on 03 Oct 2018
GMP INR NIL,
Kostak INR NIl,
Subject to INR NIL
on Day 2(on 01.10.2018)
QIB : 0.00 times
NII : 0.30 times
RII : 0.10 times
Total : 0.08 times
- Dinesh Enginners LTD (DEPL) is the company started in 2006 providing passive communication infrastructure mainly to the Telecom operators and internet service providers (“ISPs”).
- The compny has been working towards executing the fiber laying work for many Telecom Operators..
- Dinesh Engineers Ltd. is registered with the Central Govt’s. Department of Telecommunications (DoT) as an IP-1 Category Infrastructure Provider. This licence authorizes the company to build, operate and manage wired networks, which can be used by the Telcos, ISPs.
- Company’s wired network infrastructure solutions is used by telecom companies such as Airtel, BSNL, Reliance Jio, Vodafone, Idea, Tata Communications etc.
- Since the company is registered as IP-1 Infrastructure Provider it has created its own optical fibre network of around 6,000 Kms, which runs across the states of Maharashtra, Goa, Telangana, Rajasthan and Karnataka.
Strengths of a company
- The company has laid intra-state and inter-state fibre networks of around 7,500 Kms.
Object of the Issue
- Expansion of business by setting up of further OFC network under IP-1 license
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||619.32||219.82||128.98||69.49||30.47|
The promoters :
- Mr Kollaiah Jattaiah Kargal
- Mrs. Shashikala Dinesh Kargal
- Opening date: 28 September 2018
- Closing date : 03 October 2018
- Issue Type: Book Built Issue IPO
- Up to 10,000,000 Equity Shares, aggregating up to INR 185 crore
- Face Value: INR 10 per share
- Price Band: Per Equity Share: INR 183-185
- Minimum Order Quantity: 80 shares
- Minimum Application Amt for retail investor : INR 14800
- Listing will at: BSE,NSE
Allotment and listing
- Basis of Allotment: 09-October-2018
- Refunds: 10-October-2018
- Credit to demat accounts: 10-October-2018
- Listing: not availabe
Hem Securities LTD
Registrar to the IPO:
Link Intime India Private Limited
Registrered Office of the Company :
DEPL House Neighbourhood Shopping Complex,
Navi Mumbai -400706,