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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Deepak Builders and Engineers India is anticipated to debut with a decent premium on October 28, following a robust 41.54 times subscription for its IPO. The company raised Rs 260 crore, with a grey market premium suggesting a listing price around Rs 253, yielding a potential gain of Rs 50 from the issue price of Rs 203. Investors are advised to remain cautious due to recent volatility in equity markets.
Deepak Builders & Engineers India’s IPO was met with overwhelming demand, receiving bids for 37.23 crore equity shares, 41.53 times the offer size of 89.67 lakh shares by the subscription close on October 23. The company aims to raise Rs 260.04 crore through a fresh issue and an offer-for-sale, with a price band set at Rs 192-203 per share. Non-institutional investors led the interest, subscribing 82.46 times their quota, while retail and qualified institutional buyers also showed significant participation.
Deepak Builders & Engineers' IPO saw strong demand, with a subscription rate of nearly 11 times on the second day, October 22, despite challenging market conditions. The retail portion was booked 14.36 times, while non-institutional investors subscribed 14.67 times. The company aims to raise Rs 260.04 crore through the offering, which closes on October 23.
Sunita Singal
People
17:48 27.10.2024
12:34 23.10.2024
12:40 22.10.2024
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