The highly anticipated IPO allotment of Deepak Builders & Engineers is expected to be finalized today, Thursday, October 24, 2024. The ₹260 crore IPO, which was open for subscription from October 21 to 23, was a massive success, with a total subscription of 41.54 times. The IPO attracted strong demand, especially from non-institutional investors (NIIs), who oversubscribed their portion by 82.47 times.
Key Highlights of Deepak Builders & Engineers IPO:
- Total Subscription: 41.54 times
- Retail Portion Subscription: 39.79 times
- QIB Portion Subscription: 13.91 times
- NII Portion Subscription: 82.47 times
- IPO Price Band: ₹199-₹203 per share
Allotment & Listing Dates:
Successful bidders can expect the shares to be credited to their demat accounts by Friday, October 25, 2024, while refunds to unsuccessful bidders will also be initiated on the same day. The shares are expected to be listed on both the NSE and BSE on Monday, October 28, 2024.
How to Check Deepak Builders & Engineers IPO Allotment Status Online?
Investors who participated in the IPO can check their allotment status online through the registrar’s website, KFin Technologies Limited, or the official BSE and NSE websites.
Steps to Check Allotment on the Registrar’s Website:
- Visit the registrar’s website: KFintech IPO Allotment Status
- Select ‘Deepak Builders & Engineers IPO’ from the drop-down menu.
- Enter your Application No., Demat Account, or PAN details.
- Verify using Captcha and click on ‘Submit.’
Steps to Check Allotment on BSE:
- Visit the BSE website: BSE IPO Allotment Status
- Select ‘Equity’ under the issue type.
- Choose ‘Deepak Builders & Engineers’ from the drop-down list.
- Enter your Application No. or PAN.
- Click on ‘I’m not a robot’ and then click ‘Search.’
Steps to Check Allotment on NSE:
- Visit NSE’s IPO section: NSE IPO Allotment Status
- Register by clicking on ‘Click here to sign up’ and enter your PAN.
- Provide your username, password, and captcha code.
- Verify your IPO allotment status on the next page.
Deepak Builders & Engineers IPO GMP Today:
According to market observers, the latest Grey Market Premium (GMP) for Deepak Builders & Engineers stands at ₹51. With the upper price band of ₹203, the estimated listing price is ₹254, reflecting a premium of 25.12% over the issue price.
Conclusion:
Investors who participated in the Deepak Builders & Engineers IPO eagerly await the final allotment announcement today, with many optimistic about its listing performance. The company’s strong subscription numbers and promising GMP suggest positive prospects for its debut on the stock exchanges next week.
