&w=3840&q=100)
Here's why Deepak Builders and Engineers India share is buzzing today
Around 1:40 PM, Deepak Builders share price was off day's high but continued to trade higher, up 3.52 per cent at ₹147.15 per share. By comparison, BSE Sensex was trading 0.68 per cent higher at 83,318.37 levels.
Why were Deepak Builders shares buzzing today?
Deepak Builders share price rose after the company announced that it has bagged an order worth ₹142.60 crore, including GST. Without GST, the order value stood at ₹120.85 crore.
In an exchange filing, Deepak Builders said, 'We wish to inform you that the company has received Letter of Acceptance from HSIIDC, for the work of Planning, Design, Engineering, Procurement and Construction of Unity Mall including all other works contingent thereto on EPC mode basis at Sector-37, HSIIDC IE Karnal (Haryana), for construction cost of the project of ₹120.85 crore (excluding GST) and ₹142.60 crore (with GST).'
Under the terms of the order, Deepak Builders will be responsible for the planning, design, engineering, procurement and construction of Unity Mall including all other works contingent thereto on EPC mode basis, from HSIIDC Industrial Estate, Karnal.
The company is expected to complete the project within 24 months (2 years) from the commencement date. This will be followed by a 36-month defect liability period and a 12-month operation and maintenance (O&M) phase.
At the beginning of the month, the Board of Directors of the company recommended final dividend of ₹1 per share on the equity shares of the company (i.e. dividend at 10 per cent per equity share having face value of ₹10 each), for the financial year 2024-25, subject to approval of the shareholders of the company at the ensuing Annual General Meeting.
Deepak Builders Q4 results
Deepak Builders posted a revenue of ₹224.3 crore in the March quarter of financial year 2025 (Q4FY25), as against ₹188.93 crore in the March quarter of financial year 2024 (Q4FY24).
However, the company's profit dropped to ₹11.19 crore in Q4FY25, from ₹33.82 crore in Q4FY24. Track Stock Market LIVE Updates
Deepak Builders IPO listing
Deepak Builders share made a muted D-Street debut. On the BSE, the stock debuted at ₹198.50, marking a 2.2 per cent discount to its IPO issue price of ₹203.
Likewise, on the NSE, the shares opened at ₹200, down ₹3 or 1.4 per cent from the issue price.
About Deepak Builders
Deepak Builders and Engineers India is among prominent integrated engineering and construction firms, known for its expertise across a wide range of segments.
The company specialises in the construction of administrative buildings, institutional and healthcare facilities, industrial and residential projects, as well as historical monuments, stadiums, and sports complexes.
Deepak Builders and Engineers also provides comprehensive end-to-end execution and construction services for a variety of infrastructure and development projects.
The market capitalisation of Deepak Builders is 685.44 crore, BSE data showed. The company falls under the BSE IPO index.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Travel Food Services IPO set to open on Monday; Check GMP, price band, other key details
Mumbai-based Travel Food Services is set to launch its initial public offering (IPO) on Monday, July 7, with the issue closing on Wednesday, July 9, 2025 The IPO is entirely an offer for sale (OFS) by promoter Kapur Family Trust , with no fresh equity issuance. All proceeds from the Rs 2,000 crore issue will go to the selling shareholder. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo Anchor Investors and GMP Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Ahead of the public issue, the company raised Rs 599 crore from anchor investors by allocating 54,43,635 equity shares at Rs 1,100 apiece on Friday, July 4. Notable anchor investors include ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, Axis Mutual Fund, Kotak Mutual Fund, HDFC Life Insurance , Fidelity, SBI General Insurance, and Tata AIA Life Insurance, among others. Live Events The grey market premium (GMP) for the IPO stands at Rs 49–50, suggesting a potential listing gain of around 4% over the upper price band. Also Read: Street favourite! 10 BSE large-cap stocks analysts expect to rally up to 70% About Travel Food Services IPO The company has set the price band for the IPO at Rs 1,045 to Rs 1,100 per share. The issue is a 100% offer for sale (OFS), with no fresh equity being issued. Investors can place bids for a minimum of 13 equity shares and in multiples of 13 thereafter. As per the offer structure, 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for Non-Institutional Investors (NIIs). Also Read: TCS, HCLTech among 10 stocks that have paid dividends over 40 times since 2011 About the company Promoted by UK-based SSP Group plc and the Kapur Family Trust, Travel Food Services operates India's largest airport food and lounge network, with 413 outlets, of which 384 are located at airports across 14 Indian cities. It also runs 37 airport lounges, including 28 private ones, making it the largest lounge operator in India. The company also operates internationally at three airports—two in Malaysia and one in Hong Kong. Also Read: 10 Nifty smallcap stocks analysts expect to rally up to 72% Travel Food Services financials In FY25, Travel Food Services reported a 27.4% year-on-year rise in profit to Rs 379.7 crore, while revenue grew 20.9% to Rs 1,687.7 crore.
Hans India
3 hours ago
- Hans India
Adani Enterprises announces Rs 1,000 crore NCDs offering up to 9.30 pc, issue opens July 9
Adani Enterprises Limited (AEL) on Sunday announced the launch of its second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore. The issue opens on July 9 and closes on July 22 (with an option of early closure or extension), offering up to 9.30 per cent per annum. The NCDs have a face value of Rs 1,000 each. Each application will be for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size would be Rs 10,000. The NCDs offer competitive yields compared to similarly rated NCDs and fixed deposits and are proposed to be listed on the BSE and the NSE. The proposed NCDs have been rated "Care AA-; Stable" and "(ICRA) AA- (Stable)", according to the company. AEL's first NCD issuance of Rs 800 crore, launched in September last year, was fully subscribed on the first day. "The second public issuance of NCDs by AEL further deepens our commitment to inclusive capital markets growth and retail participation in long-term infrastructure development. This new issuance follows the strong market response to AEL's debut NCD offering, which witnessed capital appreciation for debt investors after a rating upgrade within six months, reflecting the Group's consistent delivery and financial robustness," said Jugeshinder 'Robbie' Singh, Group CFO, Adani Group. As the incubator of India's most critical energy and transport utility platforms, including Adani Ports & SEZ, Adani Energy Solutions, Adani Power, and Adani Green Energy, AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem, he added. "Each of these verticals is poised to play a transformative role in India's journey toward a $5 trillion economy," Singh noted. At least 75 per cent of the proceeds from the issuance will be utilised towards the prepayment or repayment, in full or in part, of the existing indebtedness availed by the company, and the balance (up to a maximum of 25 per cent) for general corporate purposes. The NCDs are available in tenors of 24 months, 36 months, and 60 months with quarterly, annual and cumulative interest payment options across eight series, said the company. The base size issue is Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option), aggregating up to Rs 1,000 crore, according to the flagship company of the Adani Group and India's largest listed business incubators in terms of market capitalisation. AEL is the only corporate (outside of NBFCs) offering a listed debt product for retail investors, thereby creating a rare opportunity for individual and non-institutional investors to participate in India's infrastructure growth story. With the recent rate cuts and the beginning of a softer interest rate cycle, the AEL NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues. Offering competitive yields compared to similarly rated NCDs and fixed deposits, this public issue presents a valuable proposition for investors. CARE Ratings first upgraded the credit rating of AEL on February 19, 2025 and reaffirmed the rating on June 18.
News18
4 hours ago
- News18
Stock Market Holiday: Are BSE, NSE Closed Tomorrow, July 07 For Muharram? Check Status
Last Updated: Yaum-e-Ashura (also written as Youm-e-Ashura) is the 10th day of Muharram, the first month of the Islamic calendar. Stock Market Holiday: Muslims across the world are observing Yaum-e-Ashura (also known as Muharram) today, July 06, which is the 10th day of Muharram, the first month of the Islamic calendar. Earlier, there was uncertainty over the day (July 06 or July 07) on which the Yaum-e-Ashura would be observed due to dependency on moon sighting. Now, July 06 has been fixed for Yaum-e-Ashura (Muharram) as per official annoucement, so the confusion of the public holiday on July 07 has fizzled out. Muharram marks the beginning of the Islamic New Year and holds deep spiritual significance for Muslims worldwide. In India, such religious observances often result in , allowing communities to commemorate the occasion. What's The Significance Of Yaum-e-Ashura? Yaum-e-Ashura (also written as Youm-e-Ashura) is the 10th day of Muharram, the first month of the Islamic calendar. It is one of the most sacred days for Muslims around the world, with particular significance for Shia Muslims. On this day in 680 AD (61 AH), Imam Hussain ibn Ali, the grandson of Prophet Muhammad (PBUH), was martyred in the Battle of Karbala, Iraq. According to the public holiday calendar for the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), there is no holiday on July 07. Thus, the exchanges will open as usual tomorrow, on Monday, i.e. July 07. First Published: July 06, 2025, 12:11 IST
