Deepak Builders & Engineers IPO: What Investors Need to Know

The Deepak Builders & Engineers IPO has captured significant attention in the market, showcasing an impressive oversubscription of 41.54 times. With the allotment set for October 24, 2024, this IPO represents a key opportunity for investors. Here’s a comprehensive overview of the IPO details, how to check allotment status, and what to expect in the coming days.

IPO Highlights

• Total Size: ₹260.04 crore
• Price Band: ₹192 to ₹203 per share
• Allotment Date: October 24, 2024
• Expected Listing Date: October 28, 2024
• Grey Market Premium (GMP): ₹50, indicating a strong expected listing price of ₹253 per share, equating to a potential gain of approximately 24.63%.

The IPO opened for subscription on October 21, 2024, and closed on October 23, 2024. The remarkable subscription rate reflects robust demand across various investor categories, showcasing strong market confidence in Deepak Builders & Engineers.

Understanding the Allotment Process

As the allotment date approaches, it’s essential for investors to know how to check their application status. Here’s a step-by-step guide to ensure you stay updated:

1. Checking Allotment Status on Kfin Technologies:
   • Visit the Kfin IPO Status page.
   • Select the IPO option and click on Deepak Builders & Engineers.
   • Input your Application No, Demat Account, or PAN card number, and enter the captcha.
   • Click Submit to view your allotment status.
2. BSE Application Status:
   • Navigate to the BSE Application Status page.
   • Select EQUITY for the Issue Type.
   • Choose Deepak Builders & Engineers from the Issue Name dropdown.
   • Enter either your Application No or PAN number.
   • Click SEARCH to review your application status.
3. NSE Application Status:
   • Go to the NSE IPO Status page.
   • Registration with your PAN is required to use this facility. After registering, you’ll receive login details via email.
   • You can check your status using your registered PAN number.

Looking Ahead: What to Expect

With the IPO expected to list on both the BSE and NSE on October 28, 2024, investors are eager to see how the stock performs post-listing. The strong GMP indicates bullish sentiment, suggesting that the stock may open at a premium on its debut.

The Deepak Builders & Engineers IPO represents a promising investment opportunity, given its strong subscription rate and favorable market conditions. Investors should stay informed about their allotment status and prepare for the upcoming listing. As always, it’s crucial to do thorough research and consider your financial goals before investing in any IPO.

Stay tuned for more updates and insights into the evolving IPO landscape!

Disclaimer

This blog is for informational purposes only and does not constitute financial advice. The content provided herein is based on publicly available information and should not be considered as a recommendation to buy or sell any securities. Investing in IPOs involves risks, including the loss of principal. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher disclaim any liability for any losses or damages arising from the use of this information.