Deepak Builders and Engineers IPO: The initial public offering (IPO) of Deepak Builders and Engineers Limited will hit the Indian primary market on October 21, 2024 and will remain open until October 23, 2024. This means Deepak Builders and Engineers IPO The date will be October 21-23, 2024. The company has priced the Deepak Builders and Engineers IPO at $192 a $203 per share. The book issue is a combination of new shares and offers for sale (OFS). The company aims to increase $260.04 crores from the publication of this book, of which $217.21 crore is targeted through issuance of new shares. The rest, $42.83 crore is reserved for the OFS route.
Meanwhile, ahead of the opening date of Deepak Builders and Engineers’ IPO, the company’s shares are available in the gray market at a solid premium. According stock market observers, the company’s shares are available at a premium of $52 on the gray market today.
Details of Deepak Builders and Engineers IPO
1] Deepak Builders and Engineers IPO GMP: According to market watchers, the company’s shares are currently selling at a premium of 52 on the gray market.
2]Deepak Builders and Engineers IPO Date: The public question will remain open from Monday to Wednesday of next week.
3] Deepak Builders and Engineers IPO price: The company has set a price band for the public issue in $192 a $203 per share.
4]Deepak Builders and Engineers IPO Size: The company aims to increase $260.04 crore from this book-building issue, which will combine fresh shares and OFS.
5]Deepak Builders and Engineers IPO Lot Size: A bidder can apply in lots, and one book issue lot comprises 73 shares of the company.
6]Deepak Builders and Engineers IPO allotment date: The most likely date for share allocation is Thursday, October 24, 2024.
7]Deepak Builders and Engineers IPO Registrar: KFin Technologies Limited has been appointed as the official registrar of book publishing.
8]Deepak Builders and Engineers IPO Lead Manager: Fedex Securities has been appointed lead manager of the public offering.
9]Deepak Builders and Engineers IPO Listing: The book edition is proposed to be published on the BSE and NSE. Following the ‘T+3’ listing rule, the public issue is expected to hit Dalal Street on October 28, 2024.
10]Deepak Builders and Engineers IPO Review: In FY24, the company’s D/E was 0.91 times, PE multiple was 12.06 times and asset multiple was 1.19 times.
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