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.
October 28, 2024
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