Deepak Builders and Engineers IPO Subscription Details on Day 2

22 Oct 2024 , 11:25 AM

Deepak Builders and Engineers Limited had launch its Initial Public Offering (IPO) on October 21, 2024. The IPO’s with subscription closes on October 23, 2024. 

At the time of writing on the second day of bidding at 11:15 am, the Deepak Builders and Engineers Limited IPO has been subscribed 6.23 times overall. At the same time, the retail segment (RIIs) saw a subscription rate of 9.05 times, while the non-institutional investor (NIIs) portion was subscribed 7.28 times.

The price band for the IPO has been set from ₹192 to ₹203 per equity share. This price range gives investors the opportunity to bid within this range.

The total size of the IPO is ₹260.04 Crore. From the total size of the IPO, ₹217.21 Crore will be raised through fresh shares, and ₹42.83 Crore will come from an offer for sale (OFS). Investors can apply for the IPO in lots. Each lot consisting of 73 equity shares.

The share allotment is expected to take place on October 24, 2024. Successful applicants will receive their shares soon after. The IPO will likely be listed on both the BSE and NSE, with trading anticipated to begin on October 28, 2024.

KFin Technologies Limited has been appointed as the registrar to manage the share allocation and related processes, while Fedex Securities is the lead manager for the public offering.