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  • DILIP BUILDCON LIMITED IPO to open on August 1, 2016 with Price Band of Rs. 214 – Rs. 219 per Equity Share each of Face Value of Rs. 10 each

    Published on July 25, 2016

    MUMBAI   : Incorporated in 2006, Dilip Buildcon Ltd is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India.

    Company’s core business is undertaking construction projects across India in the roads and irrigation sectors. Dilip Buildcon is Dilipspecialize in constructing state and national highways, city roads, culverts and bridges. Company is expanded into the irrigation and urban development businesses.

    In last 5 years Dilip Buildcon completed the construction of 51 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra with an length of 5,858.49 lane kms. Company is owner of the one of the largest fleets of construction equipment in India with over 6,604 vehicles. Company is also one of the largest employer in construction sector with around 18,000 employees.

    Dilip Buildcon’s Competitive Strengths:

    1. One of the Leading Road-focused EPC Contractor
    2. Efficient business model
    3. Excellent execution track record through strong operating systems and controls
    4. Strong financial performance and credit profile
    5. Visible growth through a robust order book and excellent pre-qualification credentials
    6. Experienced management and promoters

    Company Promoters:

    The promoters of the company are Dilip Suryavanshi, Seema Suryavanshi, Devendra Jain and Suryavanshi Family Trust.

    Company Financials:

    Summary of financial Information

    Particulars For the year/period ended (in Rs. Million)
    1) 31-Mar-15

    2) 31-Mar-14

    3) 31-Mar-13

    4) 31-Mar-12

    Total Assets
    1) 55,928.17

    2) 35,682.95

    3) 23,954.68

    4) 14,051.88

    Total Revenue
    1) 26,301.44

    2) 23,223.78

    3) 19,131.42

    4) 11,898.22

    Profit After Tax (PAT)
    1) 1,457.79

    2) 1,942.81

    3) 2,508.91

    4) 1,079.63

    Objects of the Issue:

    The public issue comprises a fresh Issue and an offer for sale by the selling shareholders.

    1. The Offer for Sale

    Dilip Buildcon will not receive any proceeds from the Offer for Sale.

    2. The Fresh Issue

    The proceeds from the fresh issue will be utilised towards the following objects:

    A. Prepayment or scheduled repayment of a portion of term loans availed by the company;
    B. To meet working capital requirements; and
    C. General corporate purposes.

    Issue Detail:

      »»  Issue Open On : AUGUST 1, 2016
    » » Issue Closes On: AUGUST 3, 2016
    »»  Issue Type: Book Built Issue IPO
    »»  Issue Size: 4,300 million
    ›  Fresh Issue of [10,227,273] Equity Shares of Rs 10 aggregating up to Rs 430.00 Cr
    ›  Offer for Sale of 10,227,273 Equity Shares of Rs 10 aggregating up to Rs [430.00] Cr
    »»  Face Value: Rs 10 Per Equity Share
    »»  Issue Price Band : Rs. 214 – Rs. 219 Per Equity Share
    »»  Market Lot:
    »»  Minimum Order Quantity: 65 Equity Shares and in multiple of 65 Equity Shares thereafter.
    »»  Listing At: BSE, NSE

    The IPO comprises of fresh issue Equity Shares aggregating up to Rs. 4,300 million 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 Company proposes to utilize the net proceeds of the fresh issue for prepayment or scheduled repayment of a portion of term loans availed by the company, to meet working capital requirements and general corporate purposes. Company will not receive any proceeds from the Offer for Sale.

    Source : Sachin Murdeshwar