Dilip Buildcon goes public by launching its IPO


, Real Estate

The month has begun on a positive note for Infrastructure Developers Dilip Buildcon as they have been granted permission by Securities and Exchange Board of India to offer an IPO for their equities. The money raised through this initial public offering will be invested in purchasing engineering equipments, meet general corporate expenditure and other payments along with being used as the capital for the business.
As is a prerequisite for any company in order to launch its public offering, the company filed the Draft Red Herring Prospectus (DRHP) in March 30th this year and the SEBI issued its observations on the same. According to the papers drafted with the SEBI, the company will issue equities worth ` 650 crore and offer for sale of up to 1.49 crore equity shares by its current share holders.
The company has already received in-principle approval from NSE and BSE for listing of the equity shares with Axis Capital, Deutsche Equities India and PNB Investment Services as its book running managers. The fund raised from this public offering will facilitate the completion of the highway construction projects that Dilip Buildcon has bagged with the government. It will also help stream lining the business as the group has expanded its presence across 6 more states including Telangana, Rajasthan, Andhra Pradesh and Karnataka.


Comment List

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    jagdeepkalra 28 / 03 / 2016 Reply

    This thing will lead to development of new highways. Already Dilip Buildcon have done a great work in the Engineering Procurement and Construction Feild.

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    varun khatri 22 / 01 / 2016 Reply

    Its a great news that SEBI has offered IPO to Dilip Buildcon For their equities. This will be very helpful to themas the money invested will be used in development.

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    surjeet singh 09 / 01 / 2016 Reply

    Great work done by dilip Suryavanshi, the owner of dilip buildcon family. I must say, they have taken great initiatives in the highway construction. Also they are providing employment to various people. Keep up the great work.

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    Parveen Shukla 20 / 11 / 2015 Reply

    buildcon is a leading Company and The fund raised from this public offering
    will facilitate the completion of the highway construction projects. Nice

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    ashmit desai 10 / 11 / 2015 Reply

    to make a project fully perfect, they use different and latest technologies like
    innovative machines, soil stablising, using milling machines which result in reduced cost and time.


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