Deepak Builders and Engineers IPO Opens Monday: Check Price Band, GMP, and Key Details You Can’t Miss

The Initial Public Offering (IPO) of Deepak Builders and Engineers Limited is set to open on 21st October 2024 and will close on 23rd October 2024. The company has decided on a price range of ₹192 to ₹203 per share for its public issue. The IPO consists of both fresh shares and an offer-for-sale (OFS). Deepak Builders and Engineers plans to raise a total of ₹260.04 crore, with ₹217.21 crore coming from the fresh shares and ₹42.83 crore from the OFS portion.

Ahead of the IPO, shares of Deepak Builders and Engineers are trading in the grey market at a premium of ₹52, indicating strong demand.

Key Details of Deepak Builders and Engineers IPO:

1. Grey Market Premium (GMP): The shares are available at a ₹52 premium in the grey market.
2. IPO Dates: The issue will be open from 21st to 23rd October 2024.
3. IPO Price Range: The price band has been set between ₹192 and ₹203 per share.
4. IPO Size: The company aims to raise ₹260.04 crore, with ₹217.21 crore from fresh shares and ₹42.83 crore from the OFS.
5. Lot Size: Investors can apply in lots of 73 shares.
6. Allotment Date: The likely allotment date for the IPO is 24th October 2024.
7. Registrar: KFin Technologies Limited is the official registrar for the IPO.
8. Lead Manager: Fedex Securities has been appointed as the lead manager.
9. Listing: The shares will be listed on both the BSE and NSE. The expected listing date is 28th October 2024.
10. Company Review: In FY24, the company had a debt-to-equity ratio of 0.91, a price-to-earnings (PE) multiple of 12.06, and an asset multiple of 1.19.

This IPO is attracting attention, especially with the strong grey market activity, and could be an interesting opportunity for investors.