Thu Oct 24 06:50:40 UTC 2024: **Summary of Deepak Builders & Engineers IPO News Article:**
– **IPO Success**: The initial public offering (IPO) of Deepak Builders & Engineers was oversubscribed by over 41 times, raising ₹260 crore. The subscription period was from October 21 to October 23.
– **Subscription Breakdown**:
– Overall subscription: 41.54 times
– Retail investors: 39.79 times
– Qualified Institutional Buyers (QIBs): 13.91 times
– Non-Institutional Investors (NIIs): 82.47 times
– **Key Dates**:
– Share allotment to be finalized on October 24.
– Shares credited to demat accounts on October 25.
– Stock debut expected on BSE and NSE on October 28.
– **Checking Allotment Status**: Investors can check their allotment status online through the registrar KFin Technologies, or via BSE and NSE websites by entering relevant details such as application number or PAN.
– **Market Expectations**: The last grey market premium was ₹51, suggesting an estimated listing price of ₹254, which represents a 25.12% premium over the upper price band of ₹203.
– **Disclaimer**: The article advises consulting experts before making investment decisions.
These points encapsulate the critical information regarding the IPO’s success, subscription details, next steps for investors, and market expectations.
First Piper 