Logo


IPO review: Clear road ahead for Dilip Buildcon

Reasonable valuations and differentiated business model make the IPO attractive

Govt eyes public issues, ETFs as choppy markets derail disinvestment plans

After a long hiatus of public issues in the infrastructure sector, the initial public offering (IPO) of Dilip Buildcon, an EPC (engineering-procurement-construction) player largely focussed on road projects opens on August 1. The IPO offers investors an interesting proposition wanting to cash-in on road infrastructure where regulatory hurdles are being cleared up and execution is picking up. Factors that work in favour of Dilip Buildcon are its strong EPC focus, margin-accretive business model and consistent track record of project completion, apart from reasonable valuations. Strong ...