The Deepak Builders & Engineers IPO has garnered significant attention, being oversubscribed 41 times during its subscription period from October 21 to October 23, 2024. Investors are eagerly awaiting the share allotment, which is expected to be finalized today, October 24. Successful bidders can anticipate shares being credited to their demat accounts by October 25, with the stock set to debut on the BSE and NSE on October 28.
IPO Subscription Details
The initial public offering (IPO) raised approximately ₹260 crore and saw robust interest across various investor categories. The retail portion was oversubscribed 39.79 times, while Qualified Institutional Buyers (QIBs) subscribed 13.91 times their allotted share. Notably, Non-Institutional Investors (NIIs) showed the highest demand, with a subscription rate of 82.47 times.
How to Check Allotment Status
Investors can easily check their allotment status through the registrar’s website or the official websites of the BSE and NSE. KFin Technologies Limited serves as the official registrar for this IPO.
Steps to Check Allotment Status on Registrar’s Website:
- Visit the registrar’s website.
- Select ‘Deepak Builders & Engineers IPO’ from the dropdown menu.
- Choose either ‘Application No., Demat Account or PAN’ and fill in the required details.
- Enter the Captcha code and click on ‘Submit’.
Your allotment status will then be displayed on your screen.
Steps to Check Allotment Status on BSE:
- Go to the BSE allotment link: BSE Allotment Status.
- Select ‘Equity’ in the issue type option.
- Choose ‘Deepak Builders & Engineers’.
- Enter your application number or PAN details.
- Click on “I’m not a robot” and then hit ‘Search’.
Steps to Check Allotment Status on NSE:
- Visit the NSE allotment link: NSE Allotment Status.
- Click on ‘Click here to sign up’ and provide your PAN.
- Enter your username, password, and Captcha code.
- Verify your IPO allocation status after being redirected.
Grey Market Premium (GMP)
As of today, the grey market premium (GMP) for Deepak Builders & Engineers stands at ₹51. Given the upper price band of ₹203, this suggests an estimated listing price of around ₹254, indicating a potential premium of 25.12% upon debut.
Conclusion
With a successful IPO subscription and high demand among investors, Deepak Builders & Engineers is poised for a strong market entry. Investors are encouraged to check their allotment status promptly as shares are expected to be credited soon.
Disclaimer: This article is intended for informational purposes only and does not constitute financial advice or endorsements regarding specific investments or companies mentioned. Investors should consult certified experts before making any investment decisions.
