Dinesh Engineers withdraws IPO on weak sentiment

Dinesh Engineers Limited Profile

Dinesh Engineers Ltd., generally recognized as DEPL, are one of the leading passive communication infrastructure provider companies in India. They focused on providing passive communication infrastructure services primarily to Telecom Operators (Telcos) and Internet Service Providers (ISPs). Incorporated in 2006, they have spent more than a decade executing optical fiber laying work for almost every Telco in the country. Dinesh Engineers Ltd. is registered with the Central Govt’s.

Telecom vendor customers have relied upon their expertise to create the lifelines of their businesses – their NETWORKS. Their support to them inter-alia includes Project Management for laying of ducts and optical fiber cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optical fiber cables. They provide optical fiber laying-related turnkey project services to various Telcos and Broadband Service Providers across India. DEPL is one of the Most-Preferred Execution Partner among India’s leading Telecom Operators for expansion of their network with Quality, Safety, and State of art technologies.

Services Offer by DEPL:

• OFC Network Roll-out for Telco
• OFC Network Roll-out as Infrastructure Provider
• Duct Leasing
• Fiber Pair Leasing
• FTTx Rollout
• OFC Roll-out for Smart City
• Operation & Maintenance of Passive OSP Network

Dinesh Engineers Limited Promoters: The Promoters of the Company are: Mr. Dinesh Kollaiah Kargal and Mrs. Shashikala Dinesh Kargal

Dinesh Engineers Limited IPO details:       

Issue Size: the Initial Public offer of the Fresh issue of Up to Rs Lacs

Face Value:  Rs 10

Price Range: Rs 189 to Rs 185

Issue Type: 100% Book Building

Bid Lot: 80 Equity Shares and in multiples thereof

Minimum Order Quantity: 80 Equity Shares

Issue Period: 28 September 2018 to 03 October 2018

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Registrar: Link Intime India Private Limited  

Listing At: BSE, NSE                                 

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Dinesh Engineers Limited Financials:

Dinesh Engineers Limited IPO Subscription Details:

Dinesh Engineers IPO Allotment Status:

Dinesh Engineers Limited IPO Listing Date: 12 October 2018

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