Deepak Builders & Engineers IPO Kicks Off on October 21 with Price Band of ₹192-203: Should You Invest?

The Initial Public Offering (IPO) of Deepak Builders & Engineers Limited is set to open for subscription on Monday, October 21, and will close on Wednesday, October 23. The price range for the shares has been set between ₹192 and ₹203 per equity share, with each share having a face value of ₹10.

Anchor investors will be allocated shares on Friday, October 18. The floor price is 19.2 times the face value, while the upper cap is 20.3 times. The price-to-earnings (P/E) ratio for fiscal year 2024 is 11.40 at the lower price and 12.05 at the higher price.

Investors will need to buy a minimum of 73 shares, and any further purchase must be in multiples of 73 shares.

In terms of allocation, 50% of the IPO shares are reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.

The allotment of shares is expected to be finalized on Thursday, October 24. Refunds will begin on Friday, October 25, and shares will be credited to investors’ demat accounts on the same day. Deepak Builders & Engineers is expected to list its shares on the BSE and NSE on Monday, October 28.