Deepak Builders & Engineers IPO Subscription Details on Day 1

21 Oct 2024 , 11:46 AM

Deepak Builders and Engineers Limited will launch its Initial Public Offering (IPO) on October 21, 2024, and the subscription will close on October 23, 2024. The IPO price range has been set between ₹192 to ₹203 per equity share, allowing investors to bid within this price band. Click here to apply for the IPO.

As of 11:42 AM on the first day of bidding, the IPO has been subscribed 1.13 times overall. The retail portion of the issue has been subscribed 1.89 times, while the non-institutional investor (NII) portion has been subscribed 0.86 times.

The total IPO size is ₹260.04 Crore, with ₹217.21 Crore raised from the issuance of fresh shares and ₹42.83 Crore allocated for the offer for sale (OFS). Investors can apply for the IPO in lots, with one lot consisting of 73 equity shares.

The expected allotment date for shares is October 24, 2024, following which successful bidders will receive their shares. The IPO is expected to be listed on both BSE and NSE, with trading likely to begin on October 28, 2024.

KFin Technologies Limited is the appointed registrar to handle the share allocation and other aspects of the IPO process. Fedex Securities is acting as the lead manager overseeing the public offer.