Dilip Buildcon IPO will open on 1 August and close on 3 August; it has set a price band of Rs214-219 per share
Bhopal-based Dilip Buildcon is mid-sized construction company and roads developer Dilip Buildcon Ltd public offer comprises of fresh issue of equity shares aggregating up to Rs 430 crore and an offer for sale of up to 1,136,364 equity shares by Dilip Suryavanshi, up to 1,136,364 equity shares by Devendra Jain and up to 7,954,545 equity shares by the BanyanTree Growth Capital, LLC. The issue will close on August 3. The company has fixed price band of Rs 214–219 per equity share of face value of Rs 10 each for the public offer. The minimum bid lot is 65 and in its multiples thereafter.
IIFL Holdings, JM Financial, Axis Capital Limited and PNB Investment Services are the book running lead managers to the issue.
Dilip Buildcon Limited (DBL) is one of the leading private sector road-focused Engineering Procurement Construction(EPC) contractors in the country . DBL is also the fastest growing infrastructure development company of India with about 78.44% continuous year-on-year growth for the last four years.
DBL, named after its visionary promoter Mr. Dilip Suryavanshi, is a Bhopal based ISO 9001:2008 company, with accreditation from the IRQAO and ASCB(E) Accrediting Certifying Bodies, UK. DBL is the successor of Dilip Builders that was founded as a proprietorship concern in 1988-89. On April 1, 2007 the business of the proprietorship firm was taken over with all the assets & liabilities by DBL.
Why Invest in Dilip Buildcon ipo
Dilip Buildcon is primarily engaged in construction of roads and highways.
Dilip Buildcon will continue to bid for projects in the regions where it is already present.
Dilip Buildcon is building roads, bridges, culverts, dams, canals, tunnels, water supply, commercial buildings.
Dilip Buildcon worth Rs 17,530 crore, across 12 states.
Dilip Buildcon has grown from Rs 1,192 crore in 2012 to Rs 4349 crore in 2016.
The promoters of the company are Dilip Suryavanshi, Seema Suryavanshi, Devendra Jain and Suryavanshi Family Trust.