Deepak Builders & Engineers IPO Price Band; Lisitng Date, Lot Size Details | Deepak Builders and Engineers IPO will open on October 21: Investors will be able to bid till October 23, minimum investment ₹ 14,819

The initial public offer i.e. IPO of Deepak Builders and Engineers India Limited will open on October 21. Investors will be able to bid for this issue till October 23. The company’s shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 15.

The company wants to raise ₹260.04 crore through this issue. For this, the company is issuing 10,700,000 fresh shares worth ₹217.21 crore. Whereas, the existing investors of the company are selling 2,110,000 shares worth ₹ 42.83 crore through Offer for Sale i.e. OFS.

If you are also planning to invest money in it, then we are telling you how much you can invest in it.

What is the minimum and maximum amount that can be invested?

Deepak Builders and Engineers India has fixed the price band of this issue at ₹192-₹203. Retail investors can bid for a minimum of one lot i.e. 73 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 203, then you will have to invest ₹ 14,819.

At the same time, retail investors can apply for maximum 13 lots i.e. 949 shares. For this, investors will have to invest ₹ 192,647 as per the upper price band.

35% of the issue reserved for retail investors

The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).

What is IPO?

When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.