Neomile Growth Fund pares Deepak Builders stake by 2.16%

Tipsheet Editorial — Tue, 23 Jun 2026 11:18:49 GMT

Sold 10.06 million shares in open market, reducing holding from 10.06% to 7.90%. The ₹9 cr sale is material for the ₹417 cr market-cap nano-cap.

What’s new

Neomile Growth Fund sold 10.06 million shares (2.16% equity) between 16-22 June.
Holding dropped from 10.06% to 7.90%, a one-fifth reduction.
Disclosed under SEBI's substantial acquisition rules; no prior announcement.

Why it matters

For a nano-cap, a ₹9 cr exit by a top-10% holder is a material signal of shifting conviction. The fund still holds 7.9%, but this trimming after Deepak Builders' ₹559.50 cr order win in May raises questions about insider sentiment.

What we’re watching

Whether Neomile further pares its remaining 7.9% stake.
Impact on the stock given the ₹559 cr order and cheap valuation (P/E 10).
Any other significant holder moves following the order win.

The full read

Neomile Growth Fund sold 10.06 million shares of Deepak Builders between 16-22 June, cutting its stake from 10.06% to 7.90% — roughly a one-fifth reduction. At a ₹417 cr market cap, this ₹9 cr sale is material. The fund still holds 7.9%, so it is not a full exit. The timing is telling: the sale comes a month after Deepak Builders won a ₹559.50 cr order, the company's largest ever. That win should have been bullish, yet a major holder chose to lock in profits. The company trades at a P/E of 10 with 13.8% ROE and low debt, cheap by most metrics. The open question is whether Neomile continues to pare or is done. For now, the market has a fresh overhang.

Primary source: BSE · NSE

Deepak Builders lands ₹559.50 cr bid, dwarfing its market cap

Tipsheet Editorial — Wed, 27 May 2026 13:40:53 GMT

The company emerged as the L1 bidder for a Haryana state infrastructure project worth more than its current market valuation.

What’s new

Deepak Builders is the lowest bidder for a ₹559.50 cr EPC contract in Kurukshetra.
The project involves design and construction for Shri Krishna AYUSH University.
The order value is roughly one and a half times the company's ₹367 cr market capitalisation.

Why it matters

Winning a contract of this scale is a massive development for a company with a market cap of only ₹367 crore. If formalised, it could more than double the company's revenue base and fundamentally alter its order book profile. The state-backed nature of the client also mitigates credit risk, though execution remains the primary hurdle.

What we’re watching

Formalisation of the L1 bid into a binding contract.
The company's ability to manage execution risk on a project of this relative size.
Any updates on project timelines from HSIIDC.

The full read

Deepak Builders & Engineers has emerged as the lowest bidder for a ₹559.50 crore EPC contract from the Haryana State Industrial & Infrastructure Development Corporation. The project involves planning, designing, and building infrastructure for Shri Krishna AYUSH University in Kurukshetra. This is a massive development for the company, as the order value is roughly one and a half times its current market capitalisation of ₹367 crore. While the bid status is not yet a binding contract, the scale of the project suggests it could more than double the company's revenue base if formalised. The involvement of a state government entity as the counterparty provides a layer of credit security. However, the sheer size of the project relative to the company's current scale introduces significant execution risk. The next test is the transition from L1 bidder to a signed contract.

Primary source: BSE · NSE

Deepak Builders & Engineers India Ltd. (DBEIL) — Tipsheet

Neomile Growth Fund pares Deepak Builders stake by 2.16%

What’s new

Why it matters

What we’re watching

The full read

Deepak Builders lands ₹559.50 cr bid, dwarfing its market cap

What’s new

Why it matters

What we’re watching

The full read