Deepak Builders and Engineers IPO was fully subscribed as soon as it opened. In just one hour, the IPO has been subscribed more than 100 percent in the retail category.
Earlier, the company’s IPO was open for anchor investors on October 18. Then the company raised Rs 78.01 crore from anchor investors.
How Many Subscriptions Are In Which Section?
Deepak Builders and Engineers IPO was subscribed 1.81 times in the retail category.
The IPO is still waiting for investors in the qualified institutional buyers category. There was 0.81 times subscription in the non-institutional investors category.
Let us tell you, the IPO was 100 percent subscribed in the first hour.
The Price Band Of Deepak Builders And Engineers Limited
For this IPO, the company has set a price range of Rs 192-Rs 203. A lot of 73 shares have been made by the company.
Due to this investors will have to bet at least Rs 14,819. We will tell you that the IPO size is Rs 260.04 Crore.
The new shares will be worth Rs. 1.07 crore. Shares worth 21 lakh rupees will also be offered for sale.
The Company’s Position Good In The Gray Market
Deepak Builders and Engineers Limited’s IPO is trading at a premium of Rs 60. There has been no change in the GMP of this IPO for the last three days.
What Are The Opinions Of Experts On The IPO?
A top brokerage house has said about this IPO that the valuation of the IPO is correct. The company is expanding for engineering and construction services in North India.
The company’s revenue and profit will be good. However, there are risk factors with this IPO.
Competition has increased where a company is working. Also, the company is dependent on government work.
Quick Fact
| Company name | Deepak Builders and Engineers |
|---|---|
| IPO subscription (retail) | 1.81 times |
| IPO subscription (non-institutional) | 0.81 times |
| IPO subscription (overall) | 100% in first hour |
| IPO subscription date (anchor) | October 18 |
| Amount raised from anchor investors | ₹78.01 crore |
| IPO size | ₹260.04 crore |
| New shares issued | ₹1.07 crore |
| Shares offered for sale | ₹21 lakh |
| Price band | ₹192 – ₹203 |
| Minimum investment | ₹14,819 for a lot of 73 shares |
| Gray market premium (GMP) | ₹60 |
| GMP status | No change for the last three days |
| Market focus | 100% in the first hour |
| Expansion | Engineering and construction services |
| Risk factors | High competition, dependency on government |
| Expert opinion | Valuation is correct, revenue and profit expected to be good |
Disclaimer: The website and its content are for informational purposes only and should not be considered investment advice.
