On October 21, 2024, Deepak Builders and Engineers Limited will launch its initial public offering (IPO), which will be open to the public until October 23, 2024. Thus, October 21–23, 2024, will be the date of Deepak Builders and Engineers’ initial public offering. The IPO price for Deepak Builders and Engineers has been set by the business at ₹192 to ₹203 for each equity share. Offers for sale (OFS) and new shares make up the book build issue. With this book-build offering, the business hopes to raise 260.04 crore, of which 217.21 crore would come from the issuance of new shares. 42.83 crore of the remaining amount is set aside for the OFS route.
In the meantime, firm shares are offered for sale at a significant premium on the grey market before the Deepak Builders and Engineers IPO opening day. Stock market watchers claim that the company’s shares are currently available on the grey market for a premium of ₹52.
Deepak Builders and Engineers IPO details
- Deepak Builders and Engineers IPO GMP: Market watchers report that the company’s shares are currently trading at a 52 premium on the grey market.
- Date of Deepak Builders and Engineers IPO: Next Monday through Wednesday is when the public offering will be open.
- Deepak Builders and Engineers Initial Public Offering (IPO) price: The company has set the price range for the IPO at ₹192 to ₹203 for each equity share.
- Size of Deepak Builders and Engineers IPO: With this book-build offering that would include new shares and OFS, the company hopes to raise 260.04 crore.
- Deepak Builders and Engineers IPO lot size: Bidders may submit multiple applications; 73 company shares make up one lot of the book build issuance.
- Date of Deepak Builders and Engineers Initial Public Offering (IPO) allotment: Thursday, October 24, 2024, is the most likely date for share distribution.
- KFin Technologies Limited has been designated as the official registrar of the book build issue for Deepak Builders and Engineers initial public offering.
- Fedex Securities has been named the lead manager of the public offering for Deepak Builders and Engineers.
- Listing of the book build issue on the BSE and NSE is proposed for Deepak Builders and Engineers Initial Public Offering (IPO). Following the ‘T+3’ listing requirement, Dalal Street is anticipated to see the public issue on October 28, 2024.
- Review of Deepak Builders and Engineers’ IPO: In FY24, the company’s asset multiple was 1.19 times, its PE multiple was 12.06 times, and its D/E ratio was 0.91 times.
