Dinesh Engineers, the Mumbai-based fibre network service provider opened its initial public offering (IPO) on 28 September for a three-day period at a price band of Rs 183-185 per share.

Here are 10 things about the issue that you should know before you invest:

1. The IPO will close on 3 October (2 October being a public holiday, stock exchanges will remain closed).
2. The company is offering one crore shares to raise Rs 185 crore, for the expansion of its business by setting up of further OFC network under IP-1 license, general corporate purposes and to meet expenses related to the issue.
3. Dinesh Engineers is into the business of passive communication infrastructure to mainly telecom operators and internet service providers. It has created a fibre network of around 7,500 kms in 10 states and laid down a network of 9,500 km for its clients. Its network is used by top 3 telecom operators in the country and it is also into the business of laying down gas pipelines in Mumbai for Mahanagar Gas Ltd.
4. Choice Broking said that the issue was priced at P/E valuation of 11.8 times its restated FY18 EPS of Rs 15.6, on the higher price band.
5. In the last two years through March 2018, its revenue and net profit grew at a compounded annual growth rate of 57 percent and 119 percent, especially on account of the higher revenue bookings in the year ended March 2018.
6. Brokers have given the IPO a "subscribe with caution" listing because of its limited number of large customers with a concentrated area. Any adverse change in regulatory rules could substantially affect the revenue of the company.