Deepak Builders IPO Subscribed over 12.11x on its second day of subscription

Deepak Builders IPO Subscribed over 12.11x on its second day of subscription wherein QIB subscribed 1.08x, NII subscribed 17.44x, and RII subscribed 16.14x.
Deepak Builders IPO

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.

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