New Delhi: Engineering and construction company Deepak Builders & Engineers India Ltd has filed preliminary papers with capital markets regulator SEBI to raise funds through an initial public offering.
It is the first company to file draft papers with SEBI for its maiden public issue in the current financial year (2024-25).
According to the draft red herring prospectus, the initial public offering (IPO) is a combination of 1.2 crore new equity shares and an offer for sale (OFS) of 24 lakh equity shares by the promoters – Deepak Kumar Singal and Sunita Singal. DRHP).
Currently, the promoters and promoter group entities hold 100 per cent stake in the city-based company.
According to the draft paper filed last week, Rs 95 crore of the funds will be used for the working capital requirement of the company and Rs 30 crore will be used for repayment of debt, besides, a portion will be used for general corporate purposes. Will be done for.
Deepak Builders & Engineers India is an integrated engineering and constructio company, specializing in execution and construction of administrative institutional buildings, hospitals and medical colleges, industrial buildings, historical monuments.
campuses, stadiums and sports complexes, and residential complexes. It has diversified into undertaking special structural works such as flyover approach roads, rail under bridges, rail over bridges and redevelopment of railway stations.
FedEx Securities Pvt Ltd is the sole book-running lead manager to the issue
It is the first company to file draft papers with SEBI for its maiden public issue in the current financial year (2024-25).
According to the draft red herring prospectus, the initial public offering (IPO) is a combination of 1.2 crore new equity shares and an offer for sale (OFS) of 24 lakh equity shares by the promoters – Deepak Kumar Singal and Sunita Singal. DRHP).
Currently, the promoters and promoter group entities hold 100 per cent stake in the city-based company.
According to the draft paper filed last week, Rs 95 crore of the funds will be used for the working capital requirement of the company and Rs 30 crore will be used for repayment of debt, besides, a portion will be used for general corporate purposes. Will be done for.
Deepak Builders & Engineers India is an integrated engineering and constructio company, specializing in execution and construction of administrative institutional buildings, hospitals and medical colleges, industrial buildings, historical monuments.
campuses, stadiums and sports complexes, and residential complexes. It has diversified into undertaking special structural works such as flyover approach roads, rail under bridges, rail over bridges and redevelopment of railway stations.
FedEx Securities Pvt Ltd is the sole book-running lead manager to the issue
