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

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MUMBAI , JULY 25, 2016 : Incorporated in 2006, Dilip Buildcon Ltd is Bhopal, MP based Engineering, Procurement and Construction (EPC) contractor focused on road projects in India.

Photo Caption (Left to Right) Mr. Amit Jain , Executive Director, Axis Capital Limited , Mr.  Nipun Goel, President, Investment Banking, IIFL Holdings Limited , Mr. Karan Suryavanshi, Dilip Buildcon Limited , Mr. Devendra Jain, Director and CEO, Dilip Buildcon Limited , Mr. Dilip Suryavanshi, Chairman & Managing Director, Dilip Buildcon Limited , Mr. Rohan Suryavanshi, Head Strategy & Planning, Dilip Buildcon Limited, Mr. Vaibhav Rawat, CFO, Dilip Buildcon Limited, Mr. Chitresh Mody, (MD & Head of ECM), J M Financial Institutional Securities Limited, Mr. Sunil Sethi, Managing Director, PNB Investment Services Limited.

Photo Caption (Left to Right)
Mr. Amit Jain , Executive Director, Axis Capital Limited , Mr.  Nipun Goel, President, Investment Banking, IIFL Holdings Limited , Mr. Karan Suryavanshi, Dilip Buildcon Limited , Mr. Devendra Jain, Director and CEO, Dilip Buildcon Limited , Mr. Dilip Suryavanshi, Chairman & Managing Director, Dilip Buildcon Limited , Mr. Rohan Suryavanshi, Head Strategy & Planning, Dilip Buildcon Limited, Mr. Vaibhav Rawat, CFO, Dilip Buildcon Limited, Mr. Chitresh Mody, (MD & Head of ECM), J M Financial Institutional Securities Limited, Mr. Sunil Sethi, Managing Director, PNB Investment Services Limited.

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

Dilip Buildcon is one of India’s leading EPC companies. The company is building roads, bridges, dams, canals, water supply etc. worth Rs. 17,530 crore, across 12 states. Each project is executed by company’s workforce of over 19,476 employees using a large fleet of over 7,345 modern construction equipment. Owing to its unique strategy and focused approach the company has grown from Rs. 1,192 crore in 2012 to Rs. 4349 crore in 2016.

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.
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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.

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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