Deepak Builders and Engineers IPO fully subscribed within two hours on Day 1

Deepak Builders and Engineers IPO was fully booked within two hours of the launch, which was primarily driven by the retail investors, subscribing the issue 1.7 times. The non-institutional investors booked the issue 0.69 times while the qualitative institutional booked the issue zero times. 

The company received bids worth Rs 181.92 crore from investors. The retail buyers’ bids were of Rs 155.06 crore while from NIIs were of Rs 26.836 crore. 

Deepak Builders & Engineers IPO GMP

Also Read Waaree Energies IPO opens on October 21; Check latest GMP, allotment date, price band, listing & more NBCC shares jump over 4% as stock trades ex-bonus Manba Finance makes a strong debut, lists at 21% premium on NSE Manba Finance IPO 2024 Highlights: Manba Finance shares list at 25% premium over IPO price

The stocks of Deepak Builders & Engineers were commanding a premium of 30% or Rs 60 to the issue price in the grey market. The premium in the unofficial market indicates a listing pop for the stock. The grey market is an unregulated place to trade shares illegally. 

Deepak Builders & Engineers IPO Details

The company opened the IPO to investors on October 21. The IPO will close on October 23. The company will raise a sum of Rs 260 crore via a combination of fresh shares and an OFS component. The company set the IPO price band between Rs 192 to Rs 203 per equity share.  The allotment of shares is expected to be finalised on October 24. The listing on NSE and BSE will likely be on October 28, as per the tentative schedule. Fedex Securities is the sole book-runner of the IPO and Kfin Technologies registrar.

Also ReadCatch all the live updates on Waaree Energies IPO 2024

Deepak Builders  IPO Review

The company established a strong market presence which shows its credibility in the EPC segment. It has a diversified project portfolio which reduces its reliance on a single market segment. As of June 2024, the company has some litigations towards projects amounting to Rs 88.4 crore (6% of the total order book). 

“We believe that the liability of this should not impact the ongoing concern about the company’s profitability.

 » Read More

Related Articles

Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the

From Sona Comstar to Ambanis: Top legacy battles of corporate India’s billionaire families

An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced

HDFC Bank vs. Kotak vs. Axis: A head-to-head battle of the Q1 bank results

Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Big relief coming for taxpayers: THESE low-value income tax cases to be dropped soon

The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the

From Sona Comstar to Ambanis: Top legacy battles of corporate India’s billionaire families

An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced

HDFC Bank vs. Kotak vs. Axis: A head-to-head battle of the Q1 bank results

Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs

Union Bank of India waives minimum balance charges for savings accounts from THIS date

Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of

Bajaj Finserv Q1FY26: 30% rise in net profit but emerging businesses report net loss- 5 key highlights

Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per