Dinesh Engineers IPO GMP

Dinesh Engineers is going to launch its IPO on 28 September. The Navi Mumbai based company provides passive communication infrastructure services mainly to the Telecom operators and internet service providers (ISPs). Since the receipt of the IP-I license, it has created its own optic fibre network of around 7500 kms which runs across the state of Rajasthan, Gujarat, Maharashtra, Goa, Karnataka, Andhra Pradesh and Telengana. Its wired network infrastructure solutions are used by several telecom companies such as Airtel, BSNL, Reliance Jio, Vodafone, Idea, Tata Communication etc. Here is a snapshot of Dinesh Engineers IPO grey market premium (Dinesh Engineers IPO GMP) movement in recent days.

Dinesh Engineers IPO GMP

Dinesh Engineers IPO GMP as on today is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 1 October 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 28 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 27 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 26 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 25 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 24 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 21 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 20 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 19 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 18 September 2018 is N/A, Kostak N/A

Dinesh Engineers IPO GMP as on 17 September 2018 is N/A, Kostak N/A

 

Dinesh Engineers IPO Key Details
Dinesh Engineers IPO details
Subscription Dates 28 September – 3 October 2018
Price Band INR183 – 185 per share
Fresh issue 10,000,000 shares (INR183 – 185 crore)
Offer For Sale Nil
Total IPO size 10,000,000 shares (INR183 – 185 crore)
Minimum bid (lot size) 80 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Dinesh Engineers Financial Performance
Dinesh Engineers’ financial performance (in INR crore)
FY2015 FY2016 FY2017 FY2018
Total revenues 51.2 122.5 169.9 302.8
Total expenses 41.1 102.8 136.1 207.5
Profit after tax 6.9 12.9 22.0 61.8
Net margin (%) 13.5 10.5 12.9 20.4

 

Dinesh Engineers IPO Key Dates

IPO Opening Date: 28 September 2018

IPO Closing Date: 3 October 2018

Finalisation of Basis of Allotment: 9 October 2018

Initiation of refunds: 10 October 2018

Transfer of shares to demat accounts: 10 October 2018

Listing Date: 12 October 2018

 

Important points about IPO grey market:
  • IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
  • IPO grey market premium rates are provided as sourced from market intelligence. Please note these rates may be different depending on geographies and markets.
  • We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
  • Grey market premium is the rate of premium an IPO commands per share in grey market.
  • Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Dinesh Engineers IPO GMP
5 (100%) 1 vote

Vipin Mathur

By working in multiple cultures and segments of various organizations, Vipin has earned 15 years of experience in managing and organizing different operations. Most recently, he is associated with IPO Central as CEO. At IPO Central, he plays a leading role in management and operational practices. He also guides authors and researchers about the latest trends and news of upcoming IPOs.

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