Deepak Builders & Engineers India Ltd. IPO: Everything You Need to Know
The Deepak Builders & Engineers India Ltd. IPO is one of the highly anticipated IPOs 2024, providing an exciting opportunity for investors. This IPO offers a unique prospect for those looking to diversify their portfolio with a promising company in the engineering and construction sector.
This article will cover all the essential details you need to know, including subscription status, grey market premium (GMP), price band, and key dates. Let’s dive in!
Deepak Builders IPO Overview
| Particulars | Details |
| Issue Size | ₹260.04 Cr |
| Price Band | ₹1921 to ₹203 |
| GMP (as of 21st Oct 2024) | ₹30 |
| Listing Date | 28th October 2024 |
| Subscription (as of 21st Oct 2024) | 2.12x |
Key Details of Deepak Builders IPO
The Deepak Builders & Engineers IPO is a blend of fresh issues and an offer for sale (OFS). The company aims to raise ₹260.04 Cr, with ₹217.21 Cr through the fresh issue and ₹42.83 Cr via OFS. The price band is set between ₹1921 to ₹203.
Deepak Builders IPO Issue Size
| Issue | Amount |
| Fresh Issue | ₹217.21 Cr |
| Offer for Sale | ₹42.83 Cr |
Market Valuation of Deepak Builders & Engineers IPO
Based on the price band and prospectus details, here is the valuation breakdown:
| Particulars | Value |
| Upper Price Band | ₹203 |
| Existing Shares | 3.58 Cr |
| Fresh Issue | ₹217.21 Cr |
| Market Cap | ₹943.95 Cr |
| EPS (FY24) | ₹16.84 |
| PE Ratio | 12.05x |
| Industry PE | 25.03x |
Subscription Status
As of 21st October 2024, the IPO has been subscribed 2.12 times. The category-wise subscription is expected to increase as the IPO progresses.
| Category | % Offered |
| Qualified Institutional | Up to 50% |
| Non-Institutional Investors | At least 15% |
| Retail Individual Investors | At least 35% |
Deepak Builders IPO Market Lot
Investors can apply for the Deepak Builders IPO in lots, with the minimum lot size being 73 shares. Here are the details:
| Application | Lot | Shares | Amount |
| Minimum | 1 | 73 | ₹14,819 |
| Maximum | 13 | 949 | ₹1,92,647 |
Deepak Builders IPO Grey Market Premium (GMP)
Grey market premium (GMP) indicates market sentiment around an IPO. As of 17th October 2024, the tentative GMP for Deepak Builders & Engineers IPO was ₹30.
| Date | GMP (Tentative) |
| 17th October 2024 | ₹30 |
How to Apply for Deepak Builders IPO?
Interested investors can apply for the IPO through various platforms, including their bank’s ASBA (Application Supported by Blocked Amount) services or any leading brokerage platform. Review the price band and invest based on your risk appetite.
FAQs
1. What is the issue size of Deepak Builders & Engineers India Ltd. IPO?
The total issue size is ₹260.04 Cr, including a fresh issue of ₹217.21 Cr and an offer for sale of ₹42.83 Cr.
2. What is the price band of the Deepak Builders IPO?
The price band is set between ₹1921 to ₹203.
3. When will the Deepak Builders IPO be listed?
The shares will be listed on 28th October 2024.
4. What is the GMP of Deepak Builders IPO?
As of 21st October 2024, the Grey Market Premium (GMP) is ₹30.
5. How many shares can a retail investor apply for in the Deepak Builders IPO?
A retail investor can apply for a minimum of 73 shares (1 lot) and a maximum of 949 shares (13 lots).
6. What is the PE ratio of Deepak Builders & Engineers IPO?
The PE ratio is 12.05x, while the industry PE is 25.03x.
Conclusion:
The Deepak Builders & Engineers India Ltd. IPO presents a promising opportunity for investors looking to invest in a growing sector. With its strong market positioning and positive subscription numbers, this IPO is worth considering for those looking to diversify their portfolio with a solid engineering and construction player.
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