Deepak Builders and Engineers IPO allotment finalised: How to check status online on KFin Technologies, NSE

Deepak Builders and Engineers IPO allotment status finalised: The share allotment status of construction company Deepak Builders and Engineers India Limited will likely be finalised on Thursday, October 24. During the three-day bidding period, investors responded well to the IPO.

The ₹260 crore initial public offering, with a price band of ₹192-₹203 per share, was subscribed 41.54 times, receiving bids for 37,24,76,076 equity shares against 89,67,061 shares on offer.

The non-institutional investors quota attracted 82.47 times subscription, while the retail investors portion was booked 39.79 times. The part set aside for qualified institutional buyers fetched 13.91 subscription.

Deepak Builders and Engineers IPO allotment: How to check status on KFin Technologies

• Visit the IPO allotment status page of KFin Technologies - https://ris.kfintech.com/ipostatus/
• Five links will appear on the screen; select any one to check the IPO allotment status
• Select 'Deepak Builders and Engineers IPO' from the drop-down menu
• Enter your application number, DP/Client ID, Account number/IFSC or PAN
• Submit to check the allotment status

Deepak Builders and Engineers IPO allotment: Steps to check status on NSE

• Visit the allotment status page of NSE: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your login details. New users need to create an account to proceed.
• From the drop-down menu, select 'Deepak Builders and Engineers IPO'.
• Enter your PAN details and IPO application Number.
• Click on the 'I am not a Robot' checkbox.
• Click on the 'Submit' button.

Deepak Builders and Engineers IPO: Listing date

After allotment finalisation, shares will be credited to the Demat account of successful investors on Friday. For unsuccessful investors, refunds will be initiated on the same day. The Deepak Builders and Engineers IPO listing date is October 28. The stock will be listed on the BSE and the NSE.

The initial share sale involved a fresh issuance of up to 1.07 crore shares and an offer for sale (OFS) of up to 21,10,000 equity shares. The money raised will be used to repay debt, fund working capital requirements, and fund general corporate purposes.

Deepak Builders and Engineers India Ltd, established in 2017, is an integrated engineering and construction company with two business verticals: infrastructure projects and construction projects.