What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 25 Oct 2024.

Deepak Builders & Engineers India Limited

ListedMainboard

Infrastructure & Construction · NSE / BSE

Deepak Builders & Engineers India Limited, established in September 2017, is a versatile engineering and construction firm handling a wide range of projects across India. The company operates in two main areas: Construction Projects, which include administrative buildings, hospitals, colleges, industrial structures, historical memorials, sports complexes, and residential developments, and Infrastructure Projects, specializing in flyovers, railway bridges, and station redevelopment. With a presence in Punjab, Haryana, Rajasthan, Uttarakhand, and the Union Territories of Chandigarh and Delhi, Deepak Builders delivers Engineering, Procurement, and Construction (EPC) services through both fixed-sum turnkey and item-rate/percentage contracts.

Price Band

₹192 – ₹203

Issue Size

₹260 Cr

Lot Size

73 shares

GMP

₹32

+15.8%

Est. Listing

₹235

at current GMP

Subscribed

41.54x

overall

Open

21 Oct 2024

23 Oct 2024

Allotment

24 Oct 2024

Refund

25 Oct 2024

Demat Credit

26 Oct 2024

Listing

28 Oct 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Deepak Builders & Engineers India Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

24 Oct 2024

Basis finalization

Refunds Initiate

25 Oct 2024

Mandate release

Demat Credit

26 Oct 2024

Shares in demat

Listing Debut

28 Oct 2024

Trading begins

How to Check Deepak Builders & Engineers India Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Deepak Builders & Engineers India Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Deepak Builders & Engineers India Limited Public Issue & Market Profile

Deepak Builders & Engineers India Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹260.04 Crores. The shares are offered at a price band of ₹192 to ₹203 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 73 shares (approx. ₹14,819 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-10-26, while un-allotted funds or UPI block mandates will be released on 2024-10-25.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.