Thu Oct 24 17:40:11 UTC 2024: **Summary of Deepak Builders & Engineers IPO News Article:**

– **Successful IPO:** Deepak Builders & Engineers held a successful initial public offering (IPO), raising ₹260 crore. The IPO opened for subscription on October 21 and closed on October 23, being oversubscribed by over 41 times.

– **Subscription Details:**
– Overall subscription: 41.54 times
– Retail investors: 39.79 times
– Qualified Institutional Buyers (QIB): 13.91 times
– Non-Institutional Investors (NII): 82.47 times

– **Important Dates:**
– Share allotment finalized on October 24.
– Shares credited to successful bidders’ demat accounts on October 25.
– Expected stock debut on BSE and NSE on October 28.

– **Allotment Status Check:** Investors can check their allotment status online via the registrar’s website (KFin Technologies Limited), as well as the BSE and NSE websites. Specific steps to access the information were provided.

– **Market Performance:** The last grey market premium (GMP) for the stock was ₹51, suggesting an estimated listing price of ₹254, which is a 25.12% premium based on the upper price band of ₹203.

– **Investment Advice:** The article advises consulting certified experts before making investment decisions.

This report highlights the robust demand for the IPO and offers guidance for investors on how to check their allotment status and potential market performance.

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