“Deepak Builders and Engineers IPO: 10 Key Points You Need to Know Before Monday’s Opening”

The grey market premium (GMP) for Deepak Builders and Engineers IPO is currently ₹52, according to market observers.

Deepak Builders and Engineers IPO to Open on 21st October: Key Details

The much-anticipated Initial Public Offering (IPO) of Deepak Builders and Engineers Limited is set to open on 21st October 2024, and will remain available for subscription until 23rd October 2024. Here’s a breakdown of the important details you should know:

• IPO Dates: 21st to 23rd October 2024.
• Price Band: The company has set its IPO price range at ₹192 to ₹203 per equity share.
• Issue Structure: The offering includes a mix of fresh shares and an Offer for Sale (OFS).
• Fundraising Target: The company aims to raise ₹260.04 crore through this issue.
• Fresh Shares: ₹217.21 crore is targeted through fresh share issuance.
• Offer for Sale (OFS): ₹42.83 crore is reserved under the OFS route.

Strong Grey Market Premium Before IPO

Ahead of the IPO launch, Deepak Builders and Engineers shares are showing a strong performance in the grey market. According to market observers, the shares are trading at a premium of ₹52 in the grey market today, indicating positive investor sentiment.

This robust GMP could signal strong demand when the IPO hits the market next week.

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Deepak Builders and Engineers IPO Details

Here’s a comprehensive overview of the upcoming Deepak Builders and Engineers IPO:

1. GMP: Shares of Deepak Builders and Engineers are currently trading at a grey market premium (GMP) of ₹52, as reported by market observers.
2. IPO Dates: The public issue will be open for subscription from Monday to Wednesday next week, specifically from 21st to 23rd October 2024.
3. IPO Price: The company has set the price band for the IPO at ₹192 to ₹203 per equity share.
4. IPO Size: Deepak Builders and Engineers aims to raise a total of ₹260.04 crore from this book-build issue, which consists of a mix of fresh shares and Offer for Sale (OFS).
5. Lot Size: Bidders can apply in lots, with one lot comprising 73 company shares.
6. Deepak Builders and Engineers IPO: Additional Key Details
7. Continuing with the important information regarding the Deepak Builders and Engineers IPO, here are further essential points:
8. Allotment Date: The likely date for share allocation is Thursday, 24th October 2024.
9. Registrar: KFin Technologies Limited has been appointed as the official registrar for this book-build issue.
10. Lead Manager: The lead manager for the public offer is Fedex Securities.
11. Listing Information: The IPO is proposed for listing on both the BSE and the NSE. In line with the T+3 listing rule, the public issue is expected to debut on Dalal Street on 28th October 2024.
12. Company Review: For FY24, Deepak Builders and Engineers reported a Debt-to-Equity (D/E) ratio of 0.91 times, a Price-to-Earnings (PE) multiple of 12.06 times, and an asset multiple of 1.19 times.
13. This IPO presents a promising opportunity for investors interested in the construction sector, with a strong financial profile and an upcoming listing on major stock exchanges.