Cable Ducting company Dinesh Engineers to raise Rs1.85bn via IPO

Dinesh Engineers Ltd. (DEL)

Established in 2006, DEL is one of the passive communication infrastructure services provider mainly to telecom operators and internet service providers (ISP). 

Company has been licensed by Department of Telecommunications (DoT) with the Infrastructure Provider (IP)-I License to establish and maintain wired networks, Duct space for the purpose to grant on lease or sale on IRU basis to the licensees of Telecom operators, ISPs etc. It is providing support services to telecom vendors which inter alia includes project management for laying of the duct and optic fibre cables, construction of basic transmission and telecom utilities, dark fiber leasing, optical fiber network construction, maintenance of duct and optic fibre and optical fibre project turnkey services to various Telecom network operators & broad band Service operators across the states of India. 

Since the receipt of the IP-I license, created own optic fibre network of around 7500 kms which runs across the state of Rajasthan, Gujarat, Maharashtra, Goa, Karnataka, Andhra Pradesh and Telengana. Wired network infrastructure solutions are used by many Telecom Companies such as Airtel, BSNL, Reliance Jio, Vodafone, Idea, Tata Communication etc. which helps them inter-alia in increasing network’s bandwidth, maximize existing network capacity, improve network performance and availability.

Since the year 2011, laid fibre network of around 9500 Kms for the telecom operators under the Vendor projects which run across the states of Maharashtra, Gujarat, Uttar Pradesh, Bihar, Karnataka, Andhra Pradesh, Chhattisgarh, Goa and Rajasthan and are currently being used by companies like BSNL, Airtel, Vodafone, Idea Cellular, Reliance Jio, TTML, BSNL, Reliance Corporate IT Park and TCIL. Apart from laying the network under the Vendor project or own network, engaged in the operations & maintenance activity of the fibre network and preventing the underground optic fiber therein from getting cut due to activities like road repairs, digging and expansion works by various authorities.

Website: Click here

Management:

Name	Designation
Dinesh Kollaiah Kargal	MD
Ms. Shashikala Dinesh Kargal	Director
Darshankumar Dinesh Kargal	Director
Aksh Jain	CFO
Abhishek	CS

IPO Snapshot: 

Particulars	Details
Dates	28-Sep-2018 to 3-Oct-2018
Face Value	Rs10/share
Price Band	Rs183 - Rs185/share
Discount	Nil
Bid lot	80 shares and multiples
Listing	NSE & BSE
Mode of Payment	ASBA (Mandatory)

Issue Details: 

Issue Size	Rs1850mn
QIB	50%
NIB	15%
Retail	35%

Lead Managers	Hem Securities Ltd.

Registrar: Link Intime India Pvt. Ltd.

Allotment Status: Check Allotment status

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