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Anand Rathi Report
Deepak Builders & Engineers India Ltd., will launch its initial public offering today and the offer closes for subscription on Oct. 23. An integrated engineering and construction company has fixed the price band at Rs 192 to Rs 203 per share. The minimum order lot for bidding is 73.
The Rs 260 crore IPO comprises of a fresh issue of nearly 1.1 crore shares worth Rs 217.2 crore, and offer-for-sale component of 0.21 crore shares amounting to Rs 42.8 crore.
Objects of the Issue
Repayment/prepayment, in full or part, of certain borrowings availed by the company.
Funding working capital requirements of the Company.
General corporate purposes.
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