ICICI Direct has come out with its report on Dilip Buildcon IPO. The research firm has recommended to "Avoid" the IPO in its research report as on August 01 , 2016.
Geojit BNP Paribas Capital Markets has come out with its report on Dilip Buildcon IPO. The research firm has recommended to "Subscribe" the IPO in its research report as on August 01 , 2016.
Of the total IPO funds, Rs 200 crore will utilized for reducing current debt of Rs 2,400 crore and the rest will be used as working capital, Devendra Jain, CEO of Dilip Buildcon.
Net proceeds from the fresh issue will be used for prepayment or scheduled repayment of a portion of term loans (around Rs 202.38 crore), working capital requirements (around Rs 200 crore) and general corporate purposes. The company will not receive any proceeds from the offer for sale.
Dilip Buildcon (DBL), the Madhya Pradesh-basd private sector road-focused EPC contractor, will open its Rs 650-crore public issue for subscription on Monday, August 1, with a price band of Rs 214-219 per share.
The bidding for shares in initial public offer (IPO) of Dilip Buildcon will be open between August 1-3, while the same for S P Apparels would begin on August 2 and close on August 4.
Under anchor investors (AIs) portion in the public issue of Dilip Buildcon, 89,58,592 equity shares have been subscribed by 10 AIs at Rs 219 per equity share, as per the information available with BSE.
Arihant Capital Markets has come out with its report on Dilip Buildcon IPO. The research firm has recommended to "Subscribe" the IPO in its research report as on July 29 , 2016.
Hem Securities has come out with its report on Dilip Buildcon IPO. The research firm has recommended to "Subscribe" the IPO in its research report as on July 29 , 2016.
Dilip Buildcon, New Delhi Centre for Sight, Ujjivan Financial Services, Quess Corp, Hinduja Leyland Finance and Seaways Shipping and Logistics are among the ones that plan to launch share-sale offers in the coming months.
Dilip Buildcon is one of the leading private sector road-focused EPC contractors in India.
The Bhopal-based company has partnered with Ukrainian firm Mostobudivelnyi Zahin (MBZ) for its technical expertise to construct the cable bridge, a statement here said.
According to the latest weekly update on the processing status of draft offer documents, Sebi has said clarifications were awaited on the company's IPO as on January 26, 2016.
The IPO comprises a fresh issue of shares aggregating up to Rs 430 crore and offer for sale of 11.36 lakh shares held by its promoters -- Dilip Suryavanshi and Devendra Jain - and private equity fund BanyanTree Growth Capital, according to its draft red herring prospectus (DRHP).
Sources tell CNBC-TV18 that the company will re-file its DRHP next week with an issue size of Rs 650 crore.
The company, which is primarily engaged in construction of roads and highways, expects to close this fiscal with over Rs 4,000 crore in revenue as compared to Rs 2,600 crore in 2014-15 fiscal.
At least 19 of them have already got green light from market regulator Sebi to launch their Initial Public Offers (IPOs), while draft IPO papers of eight firms are "under process" and may be cleared soon.
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on August 14, which is necessary for companies to launch any public offer.
The Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer document of the company on August 5, which is necessary for any company to launch a public offer.
With this, the number of firms receiving Sebi's green signal since the beginning of the year has reached 23. Apparel and lifestyle accessories firm Numero Uno filed its draft papers with the capital markets watchdog in April, while Sadbhav Infrastructure, a subsidiary of Sadbhav Engineering filed its initial papers in May.
To tap strong investor sentiments, four companies including Dilip Buildcon and Navkar Corp plans to hit the capital markets this month, to raise an estimated over Rs 1,800 crore through initial public offers (IPOs).
The company, a subsidiary of Hyderabad-based Pennar Industries, in March had filed its draft red herring prospectus (DRHP) with Sebi through its lead merchant banker, Motilal Oswal Investment Advisors
Catholic Syrian Bank has received capital market regulator Sebi's approval to raise up to Rs 400 crore through an initial public offering (IPO).
In sharp contrast, barely Rs 6,300 crore projects could be awarded in 2014-15; while the number of projects awarded was only two in 2013-14.
At least 20 of these firms have already got the go-ahead from market regulator Sebi to launch their respective Initial Public Offers (IPOs), while draft IPO papers of five firms are currently "under process" but may be cleared soon.