Deepak Builders & Engineers India Ltd Half Yearly Results

Deepak Builders & Engineers Shares List at a Discount on Market Debut

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The Ludhiana-based company, which raised ₹78 crore from anchor investors on October 18, plans to use ₹142 crore of net fresh issue proceeds to repay debt and meet working capital needs, with the balance allocated for general corporate purposes.

Deepak Builders and Engineers IPO Receives 41.42x Subscription on Day 3

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The retail quota has been subscribed 39.66 times, whereas its non-institutional investor (NII) category has been subscribed 82.44 times.

Deepak Builders and Engineers IPO Subscription Details on Day 3

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The subscription period runs from October 21 to October 23.

Deepak Builders & Engineers India IPO subscribed 9.93 times

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By 15:13 pm on Tuesday, the second day of subscription, the issue had been subscribed 9.96 times, with bids for 8,90,51,970 shares.

Deepak Builders and Engineers IPO Subscription Details on Day 2

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The IPO will likely be listed on both the BSE and NSE, with trading anticipated to begin on October 28, 2024.

Deepak Builders & Engineers India IPO subscribed 3.06 times

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As of 3:27 pm, the IPO was subscribed 3.06 times. The retail portion had received maximum bids being oversubscribed 4.81 times.

Deepak Builders & Engineers IPO Subscription Details on Day 1

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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 OFS.