Dinesh Engineers is a passive communication infrastructure provider has decided to launch its initial public offering (IPO) for the subscription in the next week. The company has fixed the price band at INR 183-185 per share for the public issue after consultation with the merchant bankers.

Let’s have a look at the Dinesh Engineers IPO details:

Issue Open: September 28 – October 3, 2018

Issue Size: 10,000,000 equity shares

Issue Price: INR 183 – 185 per Eq share

Minimum Order Quality: 80 Shares

Listing At: NSE, BSE

The Objects of the Issue are setting up of OFC Network under IP-1 License, meet public expenses, Funds for general corporate purposes. Mr. Dinesh Kollaiah Kargal & Mrs. Shashikala Dinesh Kargal are promoters of the company.

About Dinesh Engineers:

Dinesh Engineers Limited is established in 2006 and engaged in the business of offering passive communication infrastructure services to the telecom operators & internet service providers. With the 7500 km fiber network across various states including Gujarat, Goa, Maharashtra, Rajasthan, Telangana, Andrapradesh and Karnataka, many giant telecom companies like Reliance Jio, Vodaphone,  Airtel, Idea, BSNL, etc are using this company’s fiber network.