Deepak Builders & Engineers, a leading player in the construction sector, is set to finalize its IPO allotment today, October 24, 2024. After receiving an overwhelming response from investors, with the issue being oversubscribed over 41 times, applicants are eagerly awaiting the allotment status to see if they’ve secured shares.
Key IPO Details
The Deepak Builders & Engineers IPO was open for subscription from October 21 to October 23, 2024. The issue price was set at ₹203 per share, and the company raised ₹260 crore through the IPO. Investors can check their allotment status online through the BSE, NSE, or IPO registrar websites.
Deepak Builders & Engineers IPO Details
| IPO Details | Information |
|---|---|
| Price Band | ₹203 per share |
| Issue Size | ₹260 crore |
| Allotment Date | October 24, 2024 |
| Listing Date | October 28, 2024 |
| Exchanges | BSE, NSE |
How to Check Deepak Builders & Engineers IPO Allotment Status Online
- BSE Website:
- Visit the BSE IPO Allotment Status page.
- Select ‘Equity’ as the issue type.
- Choose ‘Deepak Builders & Engineers Ltd’ in the Issue Name dropdown.
- Enter your Application Number or PAN.
- Click on ‘I’m not a robot’ and then ‘Search’ to view your allotment status.
- KFin Technologies Website:
- Visit the KFinTech IPO Allotment page.
- Select ‘Deepak Builders & Engineers Ltd’ from the dropdown menu.
- Choose PAN, Application Number, or DP/Client ID.
- Enter the required details and click on ‘Search’ to view your status.
Deepak Builders & Engineers IPO GMP (Grey Market Premium)
According to market sources, Deepak Builders & Engineers shares are trading with a Grey Market Premium (GMP) of ₹51 per share. Based on the issue price of ₹203, this indicates a potential listing price of ₹254 per share, a 25% premium over the IPO price.
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Should You Hold or Sell on Listing Day?
Deepak Builders & Engineers operates in the infrastructure and construction sector, which is seeing significant growth due to government spending on infrastructure projects. The company’s strong order book and solid financials make it a compelling long-term investment.
However, with a GMP of ₹51, investors may be tempted to sell and book profits on listing day. Selling at the premium price could be a viable option for those looking for quick gains. Long-term investors, however, may want to hold the stock for potential growth as the construction sector continues to expand.
Outlook for Long-Term Investors
Deepak Builders & Engineers is well-positioned to benefit from increased infrastructure spending in India. With a solid balance sheet and a strong track record of completing projects on time, the company is likely to see continued growth in the coming years.
Analysts recommend holding the stock for long-term gains, especially if you’re looking to capitalize on the growing infrastructure sector.
Disclaimer
This article provides general information on the Deepak Builders & Engineers IPO. Investors are encouraged to do their own research or consult a financial advisor before making investment decisions.
