Neomile Growth Fund pares Deepak Builders stake by 2.16%
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.
— 1 earlier story on Deepak Builders & Engineers India Ltd. →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 this 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.
Questions answered
- How many shares did Neomile Growth Fund sell?
- Neomile sold 10,061,910 shares, or 2.16% of Deepak Builders' total equity, in open-market trades between 16 and 22 June 2026.
- What was the sale value?
- With a market cap of roughly ₹417 crore at the time of filing, the sale is estimated at about ₹9 crore.
- Why did Neomile sell?
- No reason was disclosed. The sale was conducted on the open market, suggesting a portfolio adjustment or profit-taking by the fund.
- Is this a significant event for Deepak Builders?
- Yes, because Neomile was a 10%+ holder. Reducing by a fifth is a material signal, especially for a nano-cap. However, the fund retains a 7.9% stake.
Story so far
All notes on DBEIL →- 23 Jun 2026 · 11:18 AM IST Neomile Growth Fund pares Deepak Builders stake by 2.16%
- 27d ago Deepak Builders lands ₹559.50 cr bid, dwarfing its market cap