Deepak Builders & Engineers India's IPO has received strong demand, with subscriptions reaching nearly 11 times on the second day of bidding. The IPO aims to raise Rs 260.04 crore and has attracted significant interest despite challenging market conditions.

The retail portion was booked 14.36 times and the non-institutional segment subscribed 14.67 times. The offering includes a fresh issue of 1.07 crore equity shares valued at Rs 217.21 crore and an offer-for-sale of 21.1 lakh shares worth Rs 42.83 crore, with promoters Deepak Kumar Singal and Sunita Singal participating as selling shareholders. The price band for the shares is set between Rs 192 and Rs 203.

As of the latest data, investors have bid for 9.52 crore equity shares against an offer size of 89.67 lakh shares. Qualified institutional buyers have fully subscribed to their reserved portion at 1.04 times. The IPO is scheduled to close on October 23.