Deepak Builders and Engineers Share Price Highlights: Stock closes 19.5% lower after listing at 1.4% discount

• Current price: ₹162.9 (-18.5%)
• Open: ₹200
• High: ₹200
• Low: ₹161.1
• Issue price: ₹203

• Traded volume (Lakhs): 60.41
• Traded value: ₹106.66 crore
• Total market capitalisation: ₹785.35 crore

The net proceeds will be utilised to repay borrowings, working capital requirements and general corporate purposes.

Shares of Deepak Builders and Engineers India Ltd will be listed on NSE and BSE.

The money raised from the fresh issuance of shares will be used to repay debt, working capital requirements and serve general corporate purposes.

Between FY22 and FY24, the company saw a compound annual growth rate (CAGR) increase of 12% in its revenue and 50% in its profit after tax.

The company had set a price band between ₹192 and ₹203 per share.

Deepak Builders and Engineers IPO Listing LIVE: Shares of engineering and construction firm Deepak Builders and Engineers India Ltd will be listed on the National Stock Exchange (NSE) and the BSE on Monday, October 28.

The initial public offering was subscribed 41.54 times during the three-day bidding period. Non-institutional investors (NIIs) led the bidding 82.47 times, followed by retail investors 39.79 times and qualified institutional buyers (QIBs) 13.91 times.

The company is raising ₹260 crore via a fresh issue of 1.07 crore equity shares and an offer for sale (OFS) of 21,10,000 shares.

The net IPO proceeds will be used to repay borrowings, fund working capital requirements, and serve general corporate purposes.

Deepak Builders and Engineers IPO listing date and time

Incorporated in 2017, Deepak Builders & Engineers India Ltd is an engineering and construction company. It has two business verticals - infrastructure projects and construction projects.