Deepak Builders and Engineers IPO Receives 41.42x Subscription on Day 3

23 Oct 2024 , 04:42 PM

On Wednesday, October 23, the construction company Deepak Builders and Engineers Ltd. will close its initial public offering.

The Rs 260-crore IPO attracted 41.42x subscriptions up till 4:40 pm on the last day of bidding, resulting in 37,18,40,019 shares against the 89,67,061 shares that were up for grabs.

Thus far, the retail quota has been subscribed 39.66 times, whereas its non-institutional investor (NII) category has been subscribed 82.44 times. There have been 13.89 subscriptions to the QIB category.

The public can continue to subscribe for the Deepak Builders and Engineers IPO from October 21 to October 23. On October 24, the Deepak Builders and Engineers IPO’s share allocation is anticipated to be resolved, and on October 28, the company’s shares will be listed on the BSE and NSE.

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