Infrastructure services provider company Dinesh Engineers set the price band of Rs to Rs per share for its initial public offering (IPO). The company had filed a Draft Red Herring Prospectus (DRHP) on March 28, and got the final approvals from SEBI to launch its IPO.
The issue will open on September 28 and close on october 3.
The IPO comprises of a book built type of issue with ipo size of Rs 185 crore. They have published around 10,000,000 Eq Shares equity share in the market.
The Dinesh Engineers shares would be listed on BSE and NSE.
The price band of the offer has been fixed between Rs 0-0 per share of the face value of Rs 10 each. At the upper end of the price band, the IPO is expected to fetch Rs 185 crore.
The minimum lot size has been set at – shares, which at the upper end of the price band accrues to Rs -.
Hem Securities Limited is the book running lead manager for this issue while Link Intime India Private Ltd is as Registrar
Dinesh Engineers is the Mumbai-based company which is providing passive communication infrastructure services to Telecom operators and internet service providers. It is establised in 2006, currently stablished owen optic fiber network of around 7500 km and dtrong client list with repeat business.
Dinesh Kollaiah Kargal, and Mrs Shashikala Dinesh Kargal are the promoters of the company.
Dinesh Engineers have plan to expand its business on the increasing penetration of 4G, 5G and Fibre To The Home (FTTH) that will, in turn, impact the usage of the OFC network.
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Dinesh Engineers IPO Review & Recommendation:
Dinesh Engineers IPO Details
|Subscription Dates||28 September -3 October 2018|
|Issue Price Band||Rs. 183 to 185|
|Minimum bid (lot size)||80 Shares|
|Minimum bid Price||Rs 14800|
|Face Value||INR 10 per share|
|IPO Size||INR 185 Cr|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
Dinesh Engineers IPO Financial Performance (in INR crore)
Dinesh Engineers IPO Subscription Status
|Category||Day 1||Day 2||Day 3|
Dinesh Engineers IPO Tentative Dates: Allotment & Listing Details:
- Bid/Offer Opens On: 28 Sept 2018
- Bid/Offer Closes On: 3 Oct 2018
- Basis of Allotment: On or about: 9 Oct 2018
- Refunds Status: On or about: 10 Oct 2018
- Credit of Equity Shares to demat accounts: On or about: 10 Oct 2018
- Listing Date: On or about: Oct 2018
Objects of the Issue:
- Setting up of further OFC Network under IP-1 License
- Funds for General corporate purposes;
- Meet public issue expenses
Dinesh Engineers IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Dinesh Engineers IPO Lead Managers:
- Hem Securities Limited
Dinesh Engineers IPO Promoters:
- Mr. Dinesh Kollaiah Kargal
- Mrs. Shashikala Dinesh Kargal
Company Contact Information:
Dinesh Engineers Limited
Neighbourhood Shopping Complex Sector-4,
Nerul Navi Mumbai -400706
Phone: + 91-022-27704600/4700
Email: [email protected]
Dinesh Engineers IPO Registrar:
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Email: [email protected]
Note: Check Dinesh Engineers ipo allotment status on Linkintime website allotment url. Click Here