Deepak Builders & Engineers India Limited IPO

Deepak Builders & Engineers India Limited IPO opens for subscription on October 21, 2024, and closes on October 23, 2024. The allotment for the Deepak Builders & Engineers IPO is expected to be finalized on Thursday, October 24, 2024. Deepak Builders & Engineers IPO will list on BSE, and NSE with a tentative listing date fixed as Monday, October 28, 2024.

Deepak Builders & Engineers IPO price band is set at ₹192 to ₹203 per share. The minimum lot size for an application is 73 Shares. The minimum amount of investment required by retail investors is ₹14,819. The minimum lot size investment for sNII is 14 lots (1,022 shares), amounting to ₹207,466, and for bNII, it is 68 lots (4,964 shares), amounting to ₹1,007,692.

Deepak Builders & Engineers IPO is a book-built issue of Rs 260.04 crores. The issue is a combination of a fresh issue of 1.07 crore shares aggregating to Rs 217.21 crore and an offer for sale of 0.21 crore shares aggregating to Rs 42.83 crore.

Deepak Builders & Engineers IPO Details

Deepak Builders & Engineers IPO Lot Size

Investors can bid for a minimum of 73 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Deepak Builders & Engineers IPO Objectives

The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

1. Repayment/prepayment, in full or part, of certain borrowings availed by the Company;
2. Funding of working capital requirements of the company and
3. General corporate purposes.

About Deepak Builders & Engineers India Limited

Deepak Builders & Engineers India Limited, established in September 2017, is a dynamic construction company focused on delivering high-quality projects across various sectors, including administrative, institutional, and industrial buildings, as well as hospitals and residential complexes. Our expertise extends to executing comprehensive turnkey projects that encompass architectural, structural, civil, MEP, firefighting, and landscaping services. With a proven track record in four Indian states and two Union Territories, we manage a diverse portfolio of twelve ongoing projects, including critical healthcare facilities and infrastructure upgrades. Our commitment to leveraging modern construction technologies and a skilled workforce ensures timely and efficient project delivery, making us a trusted partner in the construction industry. As we continue to grow, we remain dedicated to excellence and innovation in every endeavor.

Deepak Builders & Engineers India Limited Financial Information

Deepak Builders & Engineers IPO Reservation

Deepak Builders & Engineers IPO Timeline

Deepak Builders & Engineers IPO opens on October 21, 2024, and closes on October 23, 2024.