IPO Update: Dinesh Engineers Limiteds Offer opens on September 28, 2018
Dinesh Engineers Limited, a passive communication infrastructure company will be launching its initial public offering.
IPO is scheduled to open on September 28, 2018 and close on October 3, 2018 with a price band of Rs. 183 – Rs. 185 per Equity Share of face value of Rs. 10 each of the. The anchor investor allocation will be a day prior to the Bid/Offer Opening Date i.e. September 27, 2018.
The Initial Public Offering consists of up to 10,000,000 Equity Shares .
The Company proposes to utilize the Net Proceeds of the Fresh Issue for expansion of business by setting up of further OFC Network under IP-1 License, to fund expenditures towards general corporate purposes and to meet public issue expenses.
The Equity Shares of the Company are proposed to be listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited.
The company's key expertise lies in the field of 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.