Listing of equity shares of Dilip Buildcon Ltd
Trading Members of the Exchange are hereby informed that effective from August 11, 2016, the equity shares of Dilip Buildcon Ltd (Scrip Code: 540047) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities. For further details please refer to the notice no 20160810- dated August 10, 2016. Dilip Buildcon shares to list on Thursday
Dilip Buildcon, which recently concluded its Rs 654-crore initial public offering, will make its stock market debut on Thursday.Dilip Buildcon's IPO had attracted massive demand, with the offer getti... NSE and BSE combined bid details for Dilip Buildcon Limited(DBL) IPO
Live bidding status and details updated every half hour for Retail, QIB, Institutional and HNI investors. As of EOD on August 3, 2016, Dilip Buildcon IPO has been subscribed 20.89 times overall, with the retail investors portion subscribed 2.238 times. QIB has been subscribed 9.75 times and non-institutional quota subscribed 79.63 times. Category No of Shares offered/Reserved Shares bid for on NSE Shares bid for BSE Subscription/Bid Ratio Qualified Institutional Buyers(QIBs) 6,201,772 31,951,530 28,555,020 9.756 Non Institutional Investors 4,548,110 96,280,665 265,911,100 79.636 Retail Individual Investors 10,612,256 6,605,235 17,148,040 2.238 Total 21,362,138 134,837,430 311,614,160 20.899 Should you apply for Dilip Buildcon IPO? See what the brokers and experts are recommending
Experts reviews on Dilip Buildcon IPO: Source Advice/View Summary verdict Link Economic Times Subscribe Dilip Buildcon IPO lucrative for investors Read more Business Standard Subscribe IPO review: Clear road ahead for Dilip Buildcon Read more Arihant Capital 3/5 Stars Good Growth. High debt to come under control from IPO proceeds. Read more HDFC IPO note available on Trendlyne Read more HEM Securities Subscribe Co with its strong order book, attractive operating margins ,strong revenue growth is well equipped to cater opportunities present in the sector. Read More Capital Market Rating of 40 Only for active risk seekers Read more Angel Broking Subscribe A differentiated and potentially remunerative business read more SMC online 2/5 Stars Investors with long term view can opt for this issue. Read more SPA Securities Subscribe Recommends investors to SUBSCRIBE to the issue for long term gain. Read more ICICIdirect Avoid More established and large player like IRB Infrastructure is trading at a lower multiple Read more
Dilip Buildcon IPO subscribed 70% on Day 2
Dilip Buildcon IPO receives bids for over 1.48 crore shares as against more than 2.13 crore on offer Dilip Buildcon: Clear road ahead
Reasonable valuations and differentiated biz model make the IPO attractive Primary offer: Dilip Buildcon - Growth at a cost
The company has a healthy order book, but high debt is taking a toll on profits Dilip Buildcon, S P Apparels to hit capital markets this week
Aiming to tap the upbeat investor sentiment, two companies Dilip Buildcon and S P Apparels will hit the capital markets this week to raise an estimated Rs 1,100 crore through IPOs. Bidding for ... Capital Market rates Dilip Buildcon IPO 40 out of 100
Capital market rating of 40/100 implies a High risk high return. Investors can Avoid, however active risk seekers can try. Dilip Buildcon: Building roads While company’s sales and operating profits have been on a fast lane, bulging interest and depreciation have been big hurdles to its bottomline growth. Dilip Buildcon (DBL) is one of the leading road-focused Engineering Procurement Construction (EPC) contractors in India with nearly 83% of total revenue of FY’16 coming from execution of road focused EPC contracts in India. During the last five years ended March 31, 2016, the company completed construction of 47 road projects in the states of Madhya Pradesh (MP), Gujarat, Himachal Pradesh, Rajasthan and Maharashtra, with an aggregate length of around 5,611.94 lane kms. The businesses of the company are spread across 2 major segments; the construction segment and infrastructure development. The construction business undertakes projects across India in the roads and irrigation sectors. Here, DBL specializes in constructing state and national highways, city roads, culverts and bridges. Under infrastructure development business, DBL undertakes building, operation and development of road projects on a Built Operate Transfer (BOT) basis with a focus on annuity projects. As of March 31, 2016, the company has an order book of Rs 10800 crore, consisting of 50 third party road EPC projects (70% of total order book), 6 of its own road BOT projects (15%), 3 irrigation projects (7%), 1 mining project (1%), 1 cable-stayed bridge project (5%) and 3 urban development projects (3%). Over FY12-16, DBLs order book multiplied 4 times owing to strong business development activities. The higher order book has been followed by strong execution with consolidated revenue and operating profit recording a CAGR of around 38% and 39% respectively during FY12-16 period. The Government contracts account for 76.27% of the total order book as on March 31. 2016. DBL is considered as the largest client of HPCL, BPCL & IOC for sourcing bitumen. The company has current portfolio of completed 12 projects of which only one is on toll basis, 3 on annuity basis, 3 are currently being undertaken on hybrid annuity basis model and balance projects are on annuity plus toll basis. DBL has invested over Rs 370 crore as equity in operational projects and earns an annual annuity income to the tune of Rs 207 crore and collects toll over Rs 20 crore annually. BOT projects accounted for only 14.65% of total order book as of March 31, 2016. Valuation: For FY 2016, the consolidated net sales stood at Rs 4315.40 crore, up by 56% YoY. OPM stood at 23.1% resulting in OP growth of 45% to Rs 995.40 crore. Interest cost was higher by 45% to Rs 514.20 crore and depreciation was higher by 38% to Rs 284.10 crore. PBT was up by 73% to Rs 230.70 crore. After providing total tax of Rs 34.10 crore, down by 25% due to some Minimum Alternative Tax (MAT) benefits, consolidated PAT for the year ended FY’16 stood at Rs 196.60 crore, up by 124%. On a diluted equity share capital of the company of Rs 136.70 crore of face value of Rs 10 each, the EPS for FY 2016 works out to Rs 14.4. At higher price band of Rs 219, DBL is being offered at a P/E of around 15.2 times its FY’16 earnings. Comparable companies like KNR Constructions, PNC Infra, J Kumar Infra and MBL Infra are trading at P/E range of 6.4 to 17 times their FY 2016 consolidated adjusted EPS. (Read the full story here) Dilip Buildcon IPO lucrative for investors
Without BOT projects, the company demands price-earnings multiple of 11 times FY16 earnings, which is marginally lower than the average of 12.6 times.