The much-awaited share allotment for the Initial Public Offering (IPO) of Deepak Builders & Engineers is expected to be finalized today. Investors who participated in this IPO can now verify their allotment status online. The ₹260 crore IPO, which opened for subscription on October 21 and closed on October 23, received a massive response, with the issue being oversubscribed by more than 41 times.
Oversubscription Details The IPO saw significant demand across all categories. The portion reserved for retail investors was subscribed 39.79 times, while Qualified Institutional Buyers (QIB) booked their portion 13.91 times. Non-Institutional Investors (NIIs) saw the highest interest, with their segment subscribed 82.47 times. This strong response shows high investor confidence in Deepak Builders & Engineers and their business model.
GMP stands for Grey Market Premium, which is an unofficial market where shares trade before being officially listed. It reflects the demand and investor interest in an IPO. For Deepak Builders & Engineers, the latest GMP stands at ₹51. This means that investors in the grey market expect the share to list at a premium of 25.12%, or ₹254 per share, against the IPO issue price of ₹203 per share.
How to Check Your IPO Allotment Status Online Investors who participated in the Deepak Builders & Engineers IPO can easily check the allotment status online. There are three main ways to do this:
- On the Registrar’s Website (KFin Technologies Limited)
- Step 1: Visit the KFin Technologies website.
- Step 2: Select ‘Deepak Builders & Engineers IPO’ from the IPO dropdown menu.
- Step 3: Choose one of the following options to search: application number, PAN, or Demat account details.
- Step 4: Enter the required details, complete the captcha, and click on ‘Submit’.
- Your allotment status will appear on the screen.
- On the BSE Website
- Step 1: Visit the BSE website and go to the IPO allotment section.
- Step 2: Choose ‘Equity’ as the issue type.
- Step 3: Select ‘Deepak Builders & Engineers’ from the list of available IPOs.
- Step 4: Enter your application number or PAN and complete the captcha.
- Step 5: Click on ‘Search’. The status of your allotment will be shown on your screen.
- On the NSE Website
- Step 1: Go to the NSE website’s IPO section.
- Step 2: Register with your PAN and login details.
- Step 3: Once logged in, navigate to the IPO allotment status page and check the status.
After the allotment is finalized, successful bidders can expect the shares to be credited to their Demat accounts by October 25, 2024. If you do not receive any shares, the refund process will be initiated on the same day. Your refund will be credited to your bank account within a few days.
Deepak Builders & Engineers shares are expected to be listed on the stock exchanges (BSE and NSE) on October 28, 2024. Investors are eagerly waiting for the stock to debut, given the high demand seen during the IPO and the attractive GMP.
The Deepak Builders & Engineers IPO has attracted strong investor interest, with the issue being heavily oversubscribed. Investors who applied for the IPO can now check their allotment status online via the registrar’s, BSE’s, or NSE’s website. With the stock expected to list at a 25.12% premium based on the latest GMP, the IPO is poised for an exciting debut on the stock exchanges. Keep an eye on the listing date to see how the stock performs in the market.
