Deepak Builders & Engineers India Limited IPO GMP

Deepak Builders & Engineers India is an integrated engineering and construction company, specializing in the execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, stadium and sports complexes, residential complexes, various development & other construction activities, flyover, rail under bridge, rail over bridges, approach roads and development of railway stations etc. The company focuses on assisting and scaling large-scale projects in the Govt. and Private Sector.

Deepak Builders & Engineers, an Book Built Issue amounting to ₹260.04 Crores, consisting an Fresh Issue of 107 Lakh Shares worth ₹217.21 Crores and an Offer for Sale of 21.1 Lakh Shares totalling to ₹42.83 Crores. The subscription period for the Deepak Builders & Engineers IPO opens on October 21, 2024, and closes on October 23, 2024. The allotment is expected to be finalized on or about Thursday, October 24, 2024, and the shares will be listed on the BSE and SME with a tentative listing date set on or about Monday, October 28, 2024.

The Share price band Deepak Builders & Engineers IPO is set at ₹192 to ₹203 equity per share, with a minimum lot size of 73 shares. Retail investors are required to invest a minimum of ₹14,819, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,022 shares), amounting to ₹2,07,466.

Fedex Securities Private Limited is the book-running lead manager and Kfin Technologies Limited is the registrar for the Issue. 

Deepak Builders & Engineers India Limited IPO GMP Today
The Grey Market Premium of Deepak Builders & Engineers India Limited IPO is expected to be ₹42 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Deepak Builders & Engineers India Limited IPO Live Subscription Status Today: Real-Time Updates
As of 05:55 PM on 23 October 2024, the Deepak Builders & Engineers India IPO live subscription status shows that the IPO subscribed 41.54 times on its Final day of subscription period. Check the Deepak Builders & Engineers India IPO Live Subscription Status Today at BSE.

Deepak Builders & Engineers India IPO Anchor Investors Report
Deepak Builders & Engineers India has raised ₹78.01 Crore from Anchor Investors at a price of ₹203 per shares in consultation of the Book Running Lead Managers. The company allocated 38,42,939 equity shares to the Anchor Investors. Check Full list of Deepak Builders & Engineers India Anchor Investors List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Deepak Builders & Engineers India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Deepak Builders & Engineers India IPO allotment date is 24 October, 2024, Thursday. Deepak Builders & Engineers India IPO Allotment will be out on 24th October 2024 and will be live on Registrar Website from the allotment date. Check Deepak Builders & Engineers India Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Deepak Builders & Engineers India Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Deepak Builders & Engineers India Limited IPO
Deepak Builders & Engineers India Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹300.00 Million will be used for Repayment/prepayment, in full or part, of certain borrowings availed by the Company; 
2. ₹1,119.56 Million will be used for Funding of working capital requirements of the Company; and 
3. General corporate purposes.

Refer to Deepak Builders & Engineers India Limited DRHP for more details about the Company.