Thu Oct 24 16:10:00 UTC 2024: **Deepak Builders & Engineers IPO Summary:**

– **IPO Details:** Deepak Builders & Engineers successfully launched a ₹260 crore initial public offering (IPO) that was open for subscription from October 21 to October 23.
– **Oversubscription:** The IPO was oversubscribed by over 41 times overall, with retail investors subscribing 39.79 times, QIBs (Qualified Institutional Buyers) 13.91 times, and NIIs (Non-Institutional Investors) 82.47 times.
– **Share Allotment:** The finalization of share allotment took place on October 24. Successful bidders will see shares credited to their demat accounts on October 25, while refunds for unsuccessful applications will also occur on the same day.
– **Listing Date:** The stock is expected to debut on the BSE and NSE on October 28.
– **Checking Allotment Status:** Investors can check their share allotment status on the registrar’s website or through BSE and NSE websites, following specified steps.
– **Grey Market Premium (GMP):** The last GMP for the stock was ₹51, suggesting an estimated listing price of ₹254 based on the upper price band of ₹203, reflecting a potential premium of 25.12%.
– **Investment Disclaimer:** Investors are advised to consult certified experts before making investment decisions.

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