The Deepak Builders & Engineers IPO is a book-built issue worth Rs 260.04 crores, consisting of a fresh issue of 1.07 crore shares totaling Rs 217.21 crores and an offer for sale of 0.21 crore shares amounting to Rs 42.83 crores.
The IPO opens for subscription from October 21 to October 23, 2024. The allotment will be finalized on October 24, 2024, with the listing tentatively set for October 28, 2024, on the BSE and NSE.
Deepak Builders & Engineers operates in the construction and infrastructure sector. They specialize in the execution and construction of various projects, including administrative and institutional buildings, hospitals, stadiums, residential complexes, and other infrastructure projects.
The price band for the IPO is ₹192 to ₹203 per share. The minimum application size is 73 shares, requiring a retail investment of at least ₹14,819. For small NII (sNII) investors, the minimum investment is 14 lots (1,022 shares) amounting to ₹207,466, while for large NII (bNII), it is 68 lots (4,964 shares), totaling ₹1,007,692.
Fedex Securities Pvt Ltd is the book-running lead manager, with Kfin Technologies Limited serving as the registrar for the IPO.
Deepak Builders & Engineers IPO Details:
| Company Name | Deepak Builders & Engineers Limited |
| Sector | Construction and Infrastructure |
| IPO Type | Mainboard |
| IPO Open date | 21st Oct 2024 |
| IPO Close date | 23rd Oct 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Deepak Builders & Engineers IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 73 | 14,819 |
| sHNI (Min) | 14 | 1022 | 2,07,466 |
| bHNI (Min) | 68 | 4964 | 10,07,692 |
Deepak Builders & Engineers IPO Timeline:
| IPO Open Date | 21st Oct 2024 |
| IPO Close Date | 23rd Oct 2024 |
| Basis of Allotment | 24th Oct 2024 |
| Refund Initiation Date | 25th Oct 2024 |
| Shares Credit to Demat | 25th Oct 2024 |
| Listing Date | 28th Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Deepak Builders & Engineers’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Construction and Infrastructure Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Deepak Builders & Engineers and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
