Deepak Builders & Engineers is preparing to launch its Initial Public Offering (IPO) next week, starting on Monday, October 21. The price range for the IPO has been set between ₹192 and ₹203 per share, and the issue will be open for bidding until Wednesday, October 23.
This IPO will include a fresh issue of 1.07 crore shares, along with an offer for sale (OFS) of 21 lakh shares. Together, this makes the total size of the issue 1,28,10,000 shares. The company aims to raise funds through the fresh issue, while the offer for sale will allow existing shareholders to sell part of their holdings.
In the grey market, the shares of Deepak Builders & Engineers are already attracting attention. As of Friday morning, the Grey Market Premium (GMP) for the company’s shares stood at ₹32. This means that, based on the upper price band of ₹203 per share, the shares are expected to debut at ₹235, which would be a premium of 15.76% above the issue price.
Grey Market Premium is often seen as an early indicator of how a company’s shares might perform once they are listed on the stock market, but it’s important to note that it can fluctuate before the actual listing. Investors will be keeping a close eye on these trends as the IPO date approaches.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
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