Deepak Builders & Engineers IPO allotment: Check status, expected listing gains

The allotment for the initial public offering (IPO) of Deepak Builders & Engineers Limited will be finalised on Thursday. The public issue drew strong interest from retail investors and saw subscription of over 40 times.
The IPO of Deepak Builders & Engineers saw a subscription rate of 41.54 times overall. By October 23, 2024, it was subscribed 39.79 times in the retail segment, 13.91 times by qualified institutional buyers (QIBs), and 82.47 times in the non-institutional investor (NII) category.
Deepak Builders & Engineers IPO had a price band of Rs 192-203 per share, with the minimum lot size for an application being 73 shares.
Investors who have bid for Deepak Builders & Engineers IPO can check their allotment status online. They can log in to either the BSE website or the website of Kfin Technologies Limited, the registrar for the issue.
If you’ve applied for the Hyundai IPO, you can check your allotment status online in a few simple steps:
Through the BSE website:
Visit the BSE allotment status page: Click here
Select Equity as the issue type.
Choose Deepak Builders & Engineers Ltd from the dropdown list.
Enter your application number and PAN card details.
Complete the CAPTCHA and click Submit.
Through the KFin Technologies website:
Visit KFin Technologies’ allotment status portal: Click here
Select Deepak Builders & Engineers Ltd from the dropdown.
Choose how you wish to check the allotment (via Application Number, Demat Account, or PAN).
Enter the relevant details and security CAPTCHA.
Click Submit to view your allotment status.
The latest grey market premium (GMP) for the Deepak Builders Engineers IPO is Rs 50, as of October 24, 2024, at 11:31 AM.
Given the price band of Rs 203, the anticipated listing price for the IPO is ₹253 (cap price plus today’s GMP). This suggests an expected percentage gain of 24.63% per share.
The shares of Deepak Builders & Engineers’ IPO are set to debut on the BSE and NSE, with a provisional listing date scheduled for Monday, October 28, 2024.