Deepak Builders & Engineers IPO Saw Subscription Growth on Last Day

Deepak Builders & Engineers IPO closes for bidding on October 23, 2024. Deepak Builders & Engineers IPO is a book-built issue of ₹260.04 crores. The issue is a combination of a fresh issue of 1.07 crore shares aggregating to ₹217.21 crores and an offer for sale of 0.21 crore shares aggregating to ₹42.83 crore. Deepak Builders & Engineers IPO allotment is expected to be finalised on October 24, 2024. Deepak Builders & Engineers IPO will be listed on BSE and NSE with a tentative listing of October 28, 2024.

Deepak Builders & Engineers IPO price band has been set at ₹192 to ₹203 per share. The minimum lot size for an application is 73 Shares. The minimum amount of investment required by retail investors is ₹14,819. 

As of October 23, 2024, 12:13 PM, Deepak Builders & Engineers IPO subscribed 20.20 times. The public issue subscribed 23.56 times in the retail category, 1.13 times in QIB, and 37.82 times in the NII category.

Deepak Builders & Engineers Ltd.  (DBEL) is an integrated engineering and construction company, specialising in the execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, historical memorial complexes, stadium and sports complexes, residential complexes and various developmental and other construction activity 

The company has diversified in undertaking specialized structural work such as flyovers, rail under bridges, rail over bridges, approach roads and development and redevelopment of railway stations. It undertakes Construction & Infrastructure Projects both, as EPC services on a fixed-sum turnkey basis as well as on an item-rate basis/percentage basis. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.