Dilip Buildcon IPO Details

Dilip Buildcon Details

   In this article,  we shall list down all the important details you need regarding the Dilip Buildcon IPO. If you are looking for any other information about this particular IPO, please let us know through comments and we shall be happy to update it. 

Allotment Status: : Know your Dilip Buildcon IPO Allotment Status Here

   Dilip Buildcon : Introduction

Dilip Buildcon is one of the leading private sector road-focused EPC contractors in India. Their core business is undertaking construction projects across India in the roads and irrigation sectors. They specialize in constructing state and national highways, city roads, culverts and bridges.


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dilip-buildcon-ipo-introduction

During the last five Financial Years ended March 31, 2015 and the six months ended September 30, 2015 Dilip Buildcon has completed the construction of 51 road projects in the states of Madhya Pradesh, Gujarat, Himachal Pradesh, Rajasthan and Maharashtra in India, with an aggregate length of approximately 5,858.49 lane kms, achieving a CAGR of 58.44% of revenue growth on a consolidated basis for the five Financial Years ended March 31, 2015. They also expanded their presence to nine more states, Tamil Nadu, Punjab, Chhatisgarh, Jharkhand, Haryana, Telangana, Andhra Pradesh, Karnataka and Uttar Pradesh with ongoing projects.

 Dilip Buildcon has largest fleets of construction equipment in India of 6,604 vehicles and other construction equipment from some of the world’s leading suppliers, such as Schwing Stettar, Metso, Wirtgen and Vogele and employed 17,781 employees.




   Important Dates and Numbers for Dilip Buildcon IPO

Dilip Buildcon IPO Details
Issue open Date01-August-2016
Issue Close Date03-August-2016
Issue Price BandRs 214 - Rs 219
Face ValueRs 10 Per share
Fresh IssueRs 430 Crores
Offer For Sale10,227,273 Equity Shares
Minimum Order Quantity65 Shares
IPO Schedule
Participation by Anchor Investors29-July-2016
Bid/Offer Opening Date01-August-2016
Bid/Offer Closing Date03-August-2016
Finalisation of Basis of Allotment08-August-2016
Unblocking of Funds from ASBA Account09-August-2016
Credit of Equity Shares to Demat Account10-August-2016
Commencement of Trading on NSE/BSE11-August-2016

Prospectus (DHRP) : Download the Draft Prospectus with SEBI Here




  Details of Important Stake Holders of Dilip Buildcon IPO

Contact Information
AddressContact Details
Dilip Buildcon Limited
Plot No. 5, Inside Govind Narayan Singh Gate,
Chuna Bhatti, Kolar Road,
Bhopal 462 016

Phone: +91 755 4029999
Email: csabhishek@dilipbuildcon.co.in
Contact Person: Abhishek Shrivastava,
Company Secretary and Compliance Officer
Registrar Information
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West,
Mumbai 400078

Phone: +91-22-25963838
Email: dbl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Managers
IIFL Holdings Limited
10th Floor, One IBC,
841, Senapati Bapat Marg, Lower Parel,
Mumbai - 400 013, Maharashtra, India
Website: http://www.iiflcap.com
Email: info@iiflcap.com
JM Financial Consultants Private Limited
141 Maker Chamber III,
Nariman Point,
Mumbai 400 021
Website: http://www.jmfinancial.com
Email: reliancepower.ipo@jmfinancial.in
Phone: +91 22 6630 3030
Axis Capital Limited
1st Floor, Axis House,
C-2 Wadia International Centre,
P.B. Marg, Worli, Mumbai 400 025
Website: http://www.axiscapital.co.in
Email: complaints@axiscap.in
Phone: +91 22 4325 2183
PNB Investment Services Ltd
11th Floor, Dalamal House,
Nariman Point,
Mumbai – 400-021
Website: http://www.pnbisl.com
Email: mb@pnbisl.com
Phone: +91-22-4347 4030
Company Promoters
Dilip Suryavanshi, Devendra Jain, Seema Suryavanshi and Suryavanshi Family Trust

  Dilip Buildcon Financial Details

 Below Table captures how the Dilip Buildcon has performed in terms revenue and profit over the years.

Dilip Buildcon Financials
20112012201320142015
Revenues (Rs Million)439311928192682401527685
Profit After Tax (Rs Million)392108124121856876
Profit %8.9%9.1%12.5%7.7%3.2%
Revenue Growth (YoY %)NANA62%25%15%

  Dilip Buildcon IPO : Risk Factors

  • Margins of Diip Buildcon are on decline mode year on year. Its profits for FY12, FY13, FY14, FY15 are 9.1%, 12.5%, 7.7%, 3.2%. 
  • There are certain criminal proceedings pending against the Company,  Promoters and certain Directors and employees
  • This is company’s second attempt to issue the IPO. Last year, the company had proposed to raise Rs 650 crore through IPO, however backed off citing the cautious sentiment of foreign institutional investors (FIIs) towards the sector..
  • There are certain criminal proceedings pending against Dilip Buildcon, certain of its Directors, its Promoters, Subsidiaries and its Joint Ventures, which may adversely affect  business, financial condition and results of operations.
  • The company and certain of Promoters and Directors have been subject to search and seizure operations conducted by the Indian income tax authorities. Any adverse determination by the tax authorities in this matter could increase  tax liability and subject to monetary penalties.
  • Contingent liabilities that have not been provided for could adversely affect  business, cash flows, financial condition and results of operations.
  • Projects included in  the order book and  future projects may be delayed, modified or cancelled for reasons beyond  control which may materially and adversely affect business, prospects, reputation, profitability, financial condition and results of operation.
  • If they are not successful in managing  growth,  business may be disrupted and profitability may be reduced.
  • Lower than expected returns on  investment in BOT projects may adversely affect  financial results; they may not be able to divest BOT projects at the prices they  anticipate or at all and new roads may compete with  BOT road projects.

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