Deepak Builders & Engineers IPO allotment: Check details here

24 Oct 2024 , 12:21 PM

The IPO of Deepak Builders & Engineers has received high subscription from the investors achieving a subscription rate of 41.54 times as of October 23, 2024, at 5:11 PM (Day 3). The company has successfully raised ₹260.04 crore from the IPO, which comprises fresh issue of equity shares worth ₹217.21 crore and an offer-for-sale (OFS) of ₹42.83 crore.

Deepak Builders & Engineers IPO Timeline:

Deepak Builders & Engineers IPO Open Date	Tuesday, October 21, 2024
Deepak Builders & Engineers IPO Close Date	Thursday, October 23, 2024
Deepak Builders & Engineers Basis of Allotment	Friday, October 24, 2024
Deepak Builders & Engineers Initiation of Refunds	Monday, October 25, 2024
Deepak Builders & Engineers Credit of Shares to Demat	Monday, October 25, 2024
Deepak Builders & Engineers Listing Date	Tuesday, October 28, 2024

 

Deepak Builders & Engineers IPO Subscription status:

Date	QIB	NII	Retail	Total
Day 1 October 21, 2024	0.52	4.28	6.22	4.18
Day 2 October 22, 2024	1.08	17.44	16.14	12.11
Day 3 October 23, 2024	13.91	82.47	39.79	41.54

 

How to Check Deepak Builders & Engineers IPO Allotment Status:

Investors who have applied for the Deepak Builders & Engineers IPO can track the allotment status through the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites. Here’s how:

Steps to check on BSE:

1. Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. From the “Issue Type” dropdown, select “Equity.”
3. Choose “Deepak Builders & Engineers Limited” from the “Issue Name” dropdown.
4. Enter your application number and PAN ID.
5. Complete the captcha by clicking ‘I am not a robot’ and then press “Search.”

How to Check IPO Allotment Status in Your Bank Account:

1. Log in to your bank’s internet banking portal or mobile app.
2. Navigate to the “IPO Services” or “Application Status” section.
3. Input your PAN, application number, or other relevant details.
4. Once submitted, the status of your IPO allotment, including the number of shares allocated, should be displayed.
5. For accuracy, you can cross-check with the IPO Registrar.

How to Check IPO Allotment Status in a Demat Account:

1. Log into your Demat account via your depository participant’s (DP) mobile app or website.
2. Go to the “IPO” or “Portfolio” section.
3. Check whether the allotted shares are reflected in your Demat account.
4. If shares aren’t visible, visit the Registrar’s website and enter your application details to verify the allotment.
5. For any discrepancies, reach out to your DP’s customer service for assistance.

How to Check Deepak Builders & Engineers IPO Allotment Status on Registrar Website:

1. Visit website of IPO Registrar, KFin Technologies Ltd. https://www.kfintech.com/
2. Click on “Products” at the Homepage.
3. Here under IPO section, you will get IPO allotment status, Click on it
4. Here enter you need to click on any of the 5 links provided
5. You will be redirected to the IPO allotment page.
6. Select the name of the company in which you have applied for the IPO.
7. Select any one of “Application number”, “Beneficiary ID” or “PAN Number”.
8. Enter the details of your selection.
9. Enter Captcha details.
10. Click on “Submit”.

 

About the Deepak Builders & Engineers IPO

The IPO of Deepak Builders & Engineers Limited was opened for subscription from October 21 to October 23, 2024. Investors were allowed to apply in shares in a lot of 73 shares at an issue price of ₹192-203 apiece.

Deepak Builders & Engineers India Limited is a construction firm focused on a variety of projects, including administrative, institutional, and industrial structures. It also constructs hospitals, stadiums, and residential complexes.

The company has successfully executed turnkey projects that cover architectural design, structural engineering, civil works, MEP systems, firefighting solutions, public health services, IT infrastructure, operating theaters, medical gas pipelines, and landscaping.

The company aims to use the net proceeds from the IPO towards repayment of debts, for working capital requirements and other general corporate purposes.

The book running lead managers for Deepak Builders & Engineers IPO is Fedex Securities Pvt Ltd.