Deepak Builders & Engineers IPO Allotment Today: Steps To Check Status And GMP Today

The initial public offer of engineering and construction company Deepak Builders & Engineers India Ltd. received 41.54 times subscription on the last day of the share sale on Wednesday.

The Rs 260 crore IPO got bids for 37,24,79,872 shares against 89,67,061 shares on offer, as per NSE data.

The non-institutional investors part fetched 82.47 times subscription while the quota for Retail Individual Investors (RIIs) got subscribed 39.79 times. The portion for Qualified Institutional Buyers (QIBs) attracted 13.91 times subscription.

The Deepak Builders & Engineers India IPO received 12.04 times subscription on the second day of the share sale on Tuesday. The IPO received bids 4.12 times the offer on the first day on Monday.

Ahead of the IPO, the company raised Rs 78.01 crore through anchor investors on Friday, allotting 38.42 lakh shares at Rs 203 per share.

The IPO has a fresh issue of up to 1.07 crore equity shares and an offer for sale of up to 21,10,000 equity shares. The price range for the offer was fixed at Rs 192-203 per share. Fedex Securities Private Ltd is the book-running lead manager to the offer.

The allotment for the Deepak Builders & Engineers IPO will be finalised on October 24. The company's shares will be listed on the BSE and the National Stock Exchange on October 28.

Investors can check the Deepak Builders IPO allotment status on the official website of the registrar for the IPO, Kfin Technologies Ltd. and on the BSE website.

• Visit the KFin Technologies website here.

• Select any one link to check your IPO Allotment Status.

• Choose 'Deepak Builders & Engineers India Limited' from the list of IPOs listed in the dropdown. (The name will be displayed once the share allocation is finalised)

• Select either of Application Number, Demat Account or PAN to verify your allotment status.

• Enter the required information, i.e. your application number, PAN (Permanent Account Number) or Demat Account number.

• Enter the 'captcha' to verify that you are not a robot.

• Finally, click the 'Submit' button to check your allotment status.

• Visit the BSE IPO allotment page here.

• Select the issue type as 'Equity'.

• Choose 'Deepak Builders & Engineers India Limited' from the Issue Name dropdown menu.

• Enter your Application number or PAN (Permanent Account Number).

• Complete the 'Captcha'.

• Click on the 'Search' button to view your allotment status.

The grey market premium of Deepak Builders & Engineers IPO was Rs 50 as of 8:54 a.m. on Oct. 24. The estimated listing price is Rs 253, a premium of 24.63%, according to InvestorGain.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

From the fresh issue, funds to the tune of Rs 112 crore will be utilised for working capital requirements, as per the red herring prospectus filed by the company ahead of the IPO.

An amount Rs 30 crore will also be used for payment of debt, Deepak Builders said. Besides, a portion of the net proceeds will be kept aside for general corporate purposes, as per the draft papers filed with the regulators.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.