Feedback
Talk to us for free
Speak to Us
Available
Please select your country and enter your phone number
Please enter a valid phone number
*We respect your privacy. Your Information is safe with us.
Connecting now...
Connection Established.
Please verify your number using the code below.
11001
Number verification successful
Number verification failed.
Call in progress.
Call Completed Successfully.
Call ended.
Agent busy.
Oops! Something went wrong.
00:00:00
  • NIFTY : 
    10,708.00
    (0.24%)
  • SENSEX : 
    35,575.15
    (0.33%)
  • USDINR : 
    71.93
    (-0.08%)
  • GOLD : 
    31,212.00
    (-0.21%)
  • IPO News - Detailed News

Dinesh Engineers IPO subscribed 17%
03-Oct-18   17:49 Hrs IST

The initial public offer (IPO) of Dinesh Engineers received bids for 16.51 lakh shares today, 3 October 2018, as against 1 crore shares on offer, as per the National Stock Exchange of India (NSE) website data at 17:00 IST. The issue was subscribed 0.17 times. The issue opened for subscription on 28 September 2018 and closes today, 3 October 2018. The price band for the issue has been fixed at Rs 183 to Rs 185 per share.

Incorporated in 2006, Dinesh Engineers (Dinesh) is a passive communication infrastructure provider providing services mainly to the telecom operators and internet service providers (ISPs). The company has been licensed by Department of Telecommunications (DoT) with the Infrastructure Provider License, under which company can establish and maintain wired networks, Duct Space for the purpose to grant on lease or sale on IRU (Indefeasible right of use) basis to the licensees of telecom operators and ISPs.

The IPO comprises initial public offering of 1 crore equity shares, which at lower price band of Rs 183 per share, works out to Rs 183 crore and at higher price band of Rs 185, the issue size works out to Rs 185 crore. The minimum bid lot is 80 equity shares and in multiples of 80 equity shares.

The objects of the issue is to use Rs 156.50 crore towards expansion of business by setting up of further OFC Network under IP-1 Licence and balance for other corporate purposes apart from the benefits of listing the equity shares on the BSE and the NSE and to enhance its visibility and brand image and provide liquidity to its existing shareholders. The promoters and group will hold 74.7% of total paid up equity share capital of the company post listing.

On a consolidated basis, Dinesh Engineers reported profit after tax of Rs 61.77 crore on net sales of Rs 302.17 crore in the 12-months ended March 2018.

Powered by Capital Market - Live News

 

Useful Links

Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors.
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE :  http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE :  https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By C-MOTS Infotech ( ISO 9001:2015 Certified )