Deepak Builders IPO subscription started on Monday, October 21, and will close on October 23 as per the schedule. The price band is set at ₹192 to ₹203 per share with a face value of ₹10.
Deepak Builders IPO Subscription Status
Deepak Builders IPO Subscribed over 12.11x on its second day till 05.00 PM on 22nd October.
- Deepak Builders IPO subscription QIB investors portion is 1.08x times, while NII subscribed 17.44x times and RII investors subscribed 16.14x times.
- The company has received bids for 10,86,29,986 shares against 89,67,061 shares on offer on the second day.
- Deepak Builders IPO Subscribed over 12.11x on day 2.
- Deepak Builders IPO Subscribed over 4.14x on day 1.
About Deepak Builders IPO
Deepak Builders & Engineers India Limited is an engineering and construction company established in 2017 in Punjab. The company is focused on constructing hospitals, medical colleges, industrial buildings, and administrative & institutional buildings. Over time, the company’s project portfolio has expanded, leading to increased bidding and execution opportunities. To date, the company has completed 16 projects, including the Jung e Azadi memorial in Kartarpur, Jalandhar, and other projects in Punjab, with a combined contract value of ₹2,183.60 million. Additionally, it is involved in domestic construction projects. The company boasts a team of 642 full-time employees with exceptional skills and experience, all dedicated to meeting customer requirements.
Deepak Builders IPO Company Financial Report
The company reported revenue of ₹516.74 crores in 2024 against ₹435.46 crore in 2023. The company reported a profit of ₹60.41 crores in 2024 against a profit of ₹21.40 crores in 2023.
Deepak Builders IPO GMP:
Deepak Builders IPO GMP was ₹60 as of Tuesday, October 22. That indicates the IPO is trading at ₹263 with ₹60 premium in the grey market against the issue price of ₹203.
