About Company

• Incorporated on September 11, 2017, Deepak Builders & Engineers India Ltd (“DBEL”) is an integrated engineering and construction company, specializing in execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial building, historical memorial complex, stadium and sports complex, residential complex and various developmental and other construction activity (“Construction Projects”). While company’s primary focus and strength are deeply rooted in Construction Projects, they have diversified in undertaking specialized structural work such as flyovers, rail under bridge, rail over bridges, approach roads and development and redevelopment of railway stations (“Infrastructure Projects”).

• The company undertakes Construction & Infrastructure Projects both, as EPC services on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis.

• Since incorporation, DBEL has transitioned into an established EPC player, demonstrating their expertise in various construction and infrastructure development projects including specialized structures across 4 states of India, i.e. Punjab, Haryana, Rajasthan, Uttarakhand and 2 Union Territories i.e. Chandigarh and National Capital Territory of Delhi.

• Since the incorporation in September 2017, DBEL has gradually increased their execution capabilities in terms of the size of projects that they can bid for and execute. More recently they have been awarded their 1st contract for construction of plant building (under their industrial building projects) by Indian Oil Corporation, Panipat, Haryana with a contract value amounting to ?532.96 crore.

• They have completed 17 Projects including some prestigious projects, such as construction of Jang-E-Azadi Memorial at Kartarpur, Jalandhar, Punjab, development of Karuna Sagar Maharishi Valmiki Tirath Asthaan at Ram Tirath, Amritsar, Punjab, Construction of Geriatrics Block in AIIMS Campus, New Delhi Construction of super specialty block at Government Medical College, Patiala.

• Currently, the company has 12 ongoing projects, including 7 EPC projects and 5 item-rate/percentage rate contracts. Of their total ongoing projects, the Construction Projects comprises of 4 hospital and medical college projects, 1 administrative & institutional buildings; 1 industrial building; and the Infrastructure Projects comprises of 4 projects relating to upgradation/ development/redevelopment of Railway Station and related work, and 2 roads & bridges projects relating to rail over bridges.

Strengths

Competitive Strength 

• Decent order book with a government client base;

• Continuous Focus on equipment ownership;

• Strong financial performance;

• Established presence and proven track record;

• Experienced Promoters and Strong Senior Management Expertise.

Business Strategies 

• Establish the position in Northern India and expand the footprint in other geographies;

• Constant expansion of the pre-qualification and bid capacities;

• Further enhance the project execution capabilities;

• Leverage core competencies with enhanced in-house integration.

Company Promoters

Company Financials

Deepak Builders & Engineers India Limited's revenue increased by 19% and profit after tax (PAT) rose by 182% between the financial year ending with March 31, 2024 and March 31, 2023.

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

• Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
• Funding of working capital requirements of the company and
• General corporate purposes.