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Deepak Builders & Engineers India's IPO Sees 12.00x Subscription on Second Day – Find Out More Here! 

News by Aliceblue News Desk

22 Oct 2024

Deepak Builders & Engineers India's IPO Sees 12.00x Subscription on Second Day – Find Out More Here! 

Deepak Builders & Engineers India IPO continued with impressive investor demand on Day 2, with Qualified Institutional Buyers subscribing 1.08 times, Non-Institutional Investors at 17.39 times, and Retail Individual Investors at 15.93 times. The overall subscription stood at 12.00 times, reflecting strong interest across different investor categories.

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Deepak Builders & Engineers India Limited IPO Subscription Status

Deepak Builders & Engineers India Limited IPO experienced strong demand on Day 1, securing a 4.12x subscription, highlighting strong investor confidence and a warm market reception.

How to check Deepak Builders & Engineers India IPO Subscription Status?

Steps to check Deepak Builders & Engineers India Limited IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the ‘Deepak Builders & Engineers India Limited IPO’ to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Deepak Builders & Engineers India Limited IPO Allotment Status

The allotment date for the Deepak Builders & Engineers India Limited IPO is set for October 24, with shares priced from ₹192 to ₹203 per share and a face value of ₹10. The offering consists of lots of 73 shares, with bids accepted for these lots or their multiples.

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Deepak Builders & Engineers India Limited IPO Listing Date 

Deepak Builders & Engineers India IPO Limited IPO is expected to be listed on the NSE SME on October 28, 2024.

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