Deepak Builders & Engineers debuts on stock market after 41.54x oversubscribed IPO, raising ₹78.01cr.

Deepak Builders and Engineers' shares are debuting today after an IPO that was oversubscribed 41.54 times, with significant interest from non-institutional investors. The company raised ₹78.01 crore, planning to allocate funds for debt repayment, working capital, and corporate needs. Despite a grey market premium indicating potential gains, shares opened at a 1.5% discount. The company specializes in engineering and construction, with strong revenue growth reported.