Dinesh Engineers IPO – Review, Allotment Status, Subscription, Price, Date & more

Dinesh Engineers IPO consists of 1,00,00,000 equity shares. The article herein covers various details about Dinesh Engineers IPO Review and includes topics like the IPO size, IPO date, IPO price band, IPO objective, IPO subscription and allotment status, company’s background, promoters details and many other relevant things that one should be aware of for deciding whether to hit on this IPO or not.


Dinesh Engineers IPO Review & Ratings

IPO Ratings & Review
Criteria Ratings
Industry Sentiments 7.8/10
Industry Ranking 7.9/10
Company Background 7.9/10
Company Reputation 7.9/10
Competitive Edge 7.9/10
Financial Statements 7.8/10
Popularity Index 7.7/10
Promoters Reputation 7.9/10
Retail Appetite 7.9/10
Top Brokers Review 7.9/10
Overall Ratings 7.8/10
Star Ratings ★★★★☆

Summary of Dinesh Engineers IPO

dinesh engineers ipoDinesh Engineers Limited, a Mumbai based company, is a communication infrastructure provider and caters to the telecom operators. Dinesh Engineers has an authorised share capital of Rs. 40 crores consisting of 4 crore equity shares having  face value of Rs. 10. The IPO being floated consists of 1,00,00,000 equity shares.

This is a fresh issue i.e. the shares are not being sold by the promoters or the existing shareholders. The face value of each equity share is Rs. 10. The paid-up equity share capital as on the date of the prospectus is Rs. 29.50 Crores. Hence, the new capital being raised can be said to 25% of the post-issue paid up capital of the Company.

The lead manager handling this is Hem Securities which is based out of Jaipur and the registrar to the offer is Link Intime.

The object of the IPO has been discussed in the subsequent paras in detail.


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Dinesh Engineers IPO Date

The release date for Dinesh Engineers IPO is 28 Sept 2018 – 3 Oct 2018.


Dinesh Engineers IPO Subscription

Day / Date QIB NII RII Total Subscription
Day 1: 28 Sept 2018
Day 2: 1 Oct 2018
Day 3: 3 Oct 2018
Day 4
Day 5
Shares Offered or Net Issue

 


Dinesh Engineers IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization Oct 9, 2018
Initiation of Refunds Oct 10, 2018
Credit of Shares to Demat Account Oct 10, 2018
IPO Shares Listing Date Oct 22, 2018

Dinesh Engineers IPO Price Band

The price band for Dinesh Engineers IPO is Rs 183 – Rs 185 Per Equity Share.

Dinesh Engineers IPO Issue Size

The IPO issue size is 10,000,000 Eq Shares of Rs 10, aggregating up to Rs 185.00 Crores. The Minimum Order Quantity or Market Lot is 80 shares.


Dinesh Engineers Limited – Company Overview

The Company was incorporated in 2006, is passive communication infrastructure provider Company in India, focused on providing passive communication infrastructure services mainly to the Telecom operators and internet service providers (“ISPs”).

Dinesh Engineers Limited is working towards executing the fiber laying work for many Telecom Operators. The Infrastructure 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.

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 & broad band Service operators across the states of India.

Key members of Dinesh Engineers Limited:

  • Mr. Dinesh Kollaiah Kargal (Chairman and Managing Director)
  • Ms. Shashikala Dinesh Kargal (Whole-time Director)
  • Mr. Darshankumar Dinesh Kargal (Non- Executive Director)
  • Showraiah Lourde Kakumanu (Independent Director)

Competitive strength of Dinesh Engineers Limited:

  • Established Optic fiber network in India
  • Strong project management and execution capabilities
  • Efficient Business Model
  • Long standing customer relationships with strong repeat business
  • Experienced Promoter, Management Team and Skilled Workforce
  • Quality Certification
  • Co-ordial relationship with our suppliers and contractors

Businesss strategies of Dinesh Engineers Limited:

  • To enhance the coverage of the Optic fiber network
  • Expand into business areas that create synergies with current business
  • Augment customer relationships
  • Enhance our project execution capabilities
  • Continue to focus on strengthening the goodwill of our name

Dinesh Engineers Limited – Financial Statements

A sneak peak in the financial position of Dinesh Engineers Limited:

Financial Statement (in INR & Millions)

31-Mar-18 31-Mar-17 31-Mar-16 (Proforma) 31-Mar-15 31-Mar-14
Total Assets 4,178.08 1,980.92 1,397.70 809.44 452.35
Total Revenue 3,027.78 1,699.11 1,225.02 511.55 239.5
Profit After Tax 619.32 219.82 128.98 69.49 30.47

Earnings per Equity Share

Earning per Equity Share (in INR)
  Mar’17 Mar’16 Mar’15 Mar’14 Mar’13
Basic 7.44 4.28 2.36 NA NA
Diluted 7.44 4.28 2.36 NA NA

The numbers give a growth and an increasing trend which makes the IPO look lucrative. The PAT figures seem to be ahead of the revenue figures in terms of growth. Also, the EPS indicator has shown a tremendous progress.


Dinesh Engineers Limited Promoters

The following are the promoters of Dinesh Engineers Limited:

  • Mr. Dinesh Kollaiah Kargal
  • Mrs. Shashikala Dinesh Kargal

Interest of the promoters in the Company:

Promoters are also the Directors of our Company and can be said to be interested to the extent of fees for attending meetings of the Board or a committee thereof as well as to the extent of remuneration, commission and reimbursement of expenses payable to them.

Promoters are also interested to the extent of Equity Shares held by them in the Company and also to the extent of any dividend payable to them and other distributions in respect of the said Equity Shares in the Company.

Interest of the promoters in property of the Company:

Promoters have no interest in acquisition of land, construction of building and supply of machinery undertaken by the  Company.


Dinesh Engineers IPO Offer Details or Issue Details

Offer Up to 10,000,000 Equity Shares, aggregating up to [●]
million
A) QIB Portion Not more than [●] Equity Shares
Of which
Anchor Investor Portion Not more than [●] Equity Shares
Net QIB Portion i.e. balance available for allocation to QIBs other than Anchor Investors (assuming the Anchor Investor Portion is fully subscribed) [●] Equity Shares
Of which
Available for allocation to Mutual Funds only (5% of the Net QIB Portion) [●] Equity Shares
Balance for all QIBs including Mutual Funds [●] Equity Shares
B) Non-Institutional Portion Not less than [●] Equity Shares
C) Retail Portion Not less than [●] Equity Shares
Pre and post-Issue Equity Shares
Equity Shares outstanding prior to the offer 2,95,00,000 Equity Shares
Equity Shares outstanding after the Offer [●] Equity Shares

Dinesh Engineers IPO Issue Object

The objects of Dinesh Engineers IPO are:

  • Expansion of business by setting up of further OFC Network under IP-1 License;
  • To fund expenditures towards general corporate purposes; and
  • To meet public issue expenses

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Dinesh Engineers IPO – Basis of the Offer Price

The face value of the equity shares being offered under the IPO is Rs. 10/- per share. However, the issue price is something that is determined by the Company in consultation with the lead managers, on the basis of assessment
of market demand for the Equity Shares offered through the Book Building Process and on the basis of quantitative and qualitative factors.

The qualitative factors playing a role in price setting are:

  • Established Optic fiber network
  • Strong project management and execution capabilities
  • Cost and capital efficient business
  • Long standing customer relationships with strong repeat business
  • Experienced Promoters supported by professionally qualified, experienced and entrepreneurial management
    team
  • Quality Certification

The quantitative factors playing a role in price setting are:

  • EPS – The with average basic EPS for the last 3 years is 5.54 for Dinesh Engineers Limited
  • Price earning ratio or P/E ratio
  • RoNW – Return on net worth on an weighted average basis for the last years is 44.40%
  • Net Asset Value – The net asset value for March 2017 is 15.56

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Dinesh Engineers IPO Lead Managers

Lead Managers
Hem Securities Limited

Dinesh Engineers IPO Registrar to the Offer

Registrar of the Offer
Link Intime Private Limited

Dinesh Engineers IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
Angel Broking 7.7/10 7.7/10 7.8/10 7.3/10 7.7/10
Sharekhan 7.4/10 7.4/10 7.5/10 7.7/10 7.8/10
Kotak Securities 7.7/10 7.4/10 7.3/10 7.8/10 7.5/10
ICICI Direct 7.8/10 7.7/10 7.5/10 7.5/10 7.7/10
IIFL 7.5/10 7.8/10 7.3/10 7.7/10 7.5/10
Edelweiss 7.3/10 7.5/10 7.7/10 7.3/10 7.3/10
Zerodha 7.7/10 7.3/10 7.7/10 7.5/10 7.7/10
5Paisa 7.9/10 7.5/10 7.8/10 7.3/10 7.3/10
Karvy 7.7/10 7.3/10 7.5/10 7.5/10 7.7/10
Motilal Oswal 7.9/10 7.7/10 7.3/10 7.3/10 7.7/10

Dinesh Engineers IPO Grey Market Premium

Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


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Dinesh Engineers IPO News

News 1 – Forthcoming IPOs

News 2 – Download Prospectus


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