Deepak Builders & Engineers IPO - Day 3 Subscription at 16.87 Times

Deepak Builders & Engineers' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates increasing dramatically over the three-day period. Starting steadily on day one, the IPO witnessed substantial growth in demand, resulting in a 16.87 times oversubscription by 10:59:09 AM on day three. This robust response underscores the strong market appetite for Deepak Builders & Engineers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 21st October 2024, has seen significant growth in investor participation across most categories. The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors. The Qualified Institutional Buyers (QIB) have also shown improved participation.

This enthusiastic response to Deepak Builders & Engineers' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the construction and infrastructure sector. The company's specialized focus on construction projects appears to have strongly resonated with investors looking for exposure to India's growing infrastructure industry.
 

Subscription Status of Deepak Builders & Engineers IPO for Day 1 (21st October 2024):

Here are the subscription details for Deepak Builders & Engineers IPO as of Day 3 (23rd October 2024, 10:59:09 AM):

Total Applications: 1,152,799

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Deepak Builders & Engineers IPO is currently subscribed 16.87 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 28.18 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 21.03 times.
• Small Non-Institutional Investors (sNII) showed particularly strong interest with 36.55 times subscription.
• Qualified Institutional Buyers (QIB) have shown improved interest, with a subscription ratio of 1.10 times.
• The overall subscription trend shows dramatic increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.
   

Deepak Builders & Engineers IPO - Day 2 Subscription at 12.11 Times

Key Highlights:

• On Day 2, Deepak Builders & Engineers' IPO was subscribed 12.11 times, with strong demand across investor   categories.
•  Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 17.44 times.
• Retail investors demonstrated strong enthusiasm, with a subscription ratio of 16.14 times.
• Qualified Institutional Buyers (QIB) improved their participation to 1.08 times.
• he overall subscription trend indicated building momentum, with most investor categories showing significant increased participation

Deepak Builders & Engineers IPO - Day 1 Subscription at 4.18 Times

Key Highlights:

• The IPO opened with a strong overall subscription of 4.18 times.
• Retail Investors showed exceptional early interest with a 6.22 times subscription.
• Non-Institutional Investors (NII) demonstrated strong initial demand with a 4.28 times subscription.
• Qualified Institutional Buyers (QIB) showed moderate first-day participation at 0.52 times.
• The strong first-day response laid a solid foundation for the remaining days of the IPO.

About Deepak Builders & Engineers India Limited

Deepak Builders & Engineers India Limited, incorporated in September 2017, is a construction company specializing in administrative, institutional, and industrial buildings, hospitals, stadiums, residential complexes, and other construction activities. The company has completed turnkey projects encompassing architectural, structural, civil, MEP, firefighting systems, public health services, IT systems, operation theaters, medical gas pipelines, and landscaping.

For the fiscal year 2024, Deepak Builders & Engineers demonstrated strong financial performance with a revenue of ₹516.74 crore, marking a 19% year-over-year growth, and a Profit After Tax (PAT) of ₹60.41 crore, representing a significant 182% increase. The company's net worth stood at ₹141.25 crore as of March 31, 2024. Key performance indicators highlight the company's financial health, with a Return on Equity (ROE) of 8.48%, a Return on Capital Employed (ROCE) of 8.97%, and a PAT Margin of 13.52%.

As of 30th June 2024, the company's order book amounted to ₹1,380.39 crore. Deepak Builders & Engineers has completed projects in four states of India - Punjab, Haryana, Rajasthan, Uttarakhand - and two Union Territories - Chandigarh and the National Capital Territory of Delhi. As of 30th June 2024, the company had 632 permanent employees and 2,129 contract labourers.

Read more about Deepak Builders & Engineers India IPO

Highlights of the Deepak Builders & Engineers IPO

• IPO Date: 21st October 2024 to 23rd October 2024
• Listing Date: 28th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹192 to ₹203 per share
• Lot Size: 73 Shares
• Total Issue Size: 12,810,000 shares (aggregating up to ₹260.04 Cr)
• Fresh Issue: 10,700,000 shares (aggregating up to ₹217.21 Cr)
• Offer for Sale: 2,110,000 shares (aggregating up to ₹42.83 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Manager: Fedex Securities Pvt Ltd
• Registrar: Kfin Technologies Limited