In order to raise Rs 260.04 crores, Deepak Builders & Engineers India Limited is preparing for its Initial Public Offering (IPO). The IPO consists of an offer to sell 0.21 crore shares, valued at Rs 42.83 crores, and a new issue of 1.07 crore shares, valued at Rs 217.21 crores.Deepak Builders & Engineers India IPO Subscription WindowThe subscription period for the Deepak Builders & Engineers India IPO will start on October 21, 2024, and it will end on October 23, 2024. Deepak Builders & Engineers India IPO Allotment And Listing DateThe allotment of Deepak Builders & Engineers India IPO shares is expected to be finalised on October 24, 2024 and it will list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 28, 2024.

Deepak Builders & Engineers India IPO Price BandThe price band for the IPO is set between Rs 192 and Rs 203 per share, with a minimum lot size of 73 shares. The retail investors will need to invest a minimum of Rs 14,819 for one lot. For Small and Medium Investors (sNII), the minimum investment is Rs 207,466 for 14 lots (1,022 shares), while High Net Worth Individuals (bNII) must invest Rs 1,007,692 for 68 lots (4,964 shares). Deepak Builders & Engineers India IPO GMPAs per multiple websites that track the grey market premium activities, the shares of Deepak Builders & Engineers India IPO are commanding a GMP in the price range of Rs 40 - Rs 50 in the unlisted market.Deepak Builders & Engineers is a construction company that specialises in creating a range of projects, such as stadiums, hospitals, residential complexes, and administrative buildings. The proceeds from the IPO will be used for repaying borrowings, meeting working capital needs, and other general corporate purposes.

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