The initial public offering (IPO) of Deepak Builders & Engineers has seen significant interest, closing on October 23, after total demand for the shares significantly exceeded the number of shares available for sale. Specifically, for every share offered, there were more than 41 applications for shares. The company is looking to raise ₹260 crore through the IPO. Investors applied for shares worth more than 41 times the value of the shares being offered, with retail investors participating at 39.79 times, Qualified Institutional Buyers (QIBs) at 13.91 times, and Non-Institutional Investors (NIIs) leading with 82.47 times.
The company will finalize share allotments today, October 24, and Investors who are allocated shares (referred to as “successful bidders”) will have those shares transferred to their dematerialized (demat) accounts by the next day, October 25. Investors who do not receive shares will be notified and will have their application money refunded on the same day, October 24. After the allotment process is complete, the shares of Deepak Builders & Engineers are expected to start trading publicly on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 28.
How to Check Your IPO Allotment Status
Investors can check the share allotment status online through the registrar’s website, KFin Technologies Limited, as well as on the official websites of the BSE and NSE. Here are the steps to check the status:
- Checking on the Registrar’s Website:
- Visit the registrar’s website. the direct link
- Select “Deepak Builders & Engineers IPO” from the dropdown menu.
- Choose to enter your Application Number, Demat Account, or PAN.
- Complete the CAPTCHA and click ‘Submit’ to view your allotment status.
- Checking on BSE:
- Go to the BSE allotment status link.
- Select ‘Equity’ in the issue type.
- Choose ‘Deepak Builders & Engineers.’
- Enter your application number or PAN.
- Complete the CAPTCHA and click ‘Search’ to see your status.
- Checking on NSE:
- Access the NSE IPO login page.
- Register with your PAN.
- Enter your username, password, and CAPTCHA.
- Verify your IPO allocation status.
For further updates, investors are encouraged to stay tuned as the IPO market continues to evolve.
Disclaimer from News Eager
The information in this article is for informational purposes only and should not be considered financial advice. News Eager does not endorse any investments. Please conduct your own research and consult a financial advisor before making investment decisions. News Eager is not liable for any losses resulting from reliance on this information.
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