Applying for shares of Deepak Builders & Engineers IPO began on Monday, October 21. The process will close on October 23, 2024. The opening and closing dates for placing bids are the same as Waaree Energies. Both the issues will be listed on both BSE and NSE and have already caught the fancy of retail investors.
Waaree Energies IPO shares price has been fixed at Rs 1427-1503. The minimum lot size has been fixed at 9 shares which requires a retail investor to commit Rs 13,527. The shares offered by Deepak Builders & Engineers IPO are priced in the band Rs 192-203. The minimum investible lot has been fixed at 73 shares which needs an amount of Rs 14,819.
Waaree Energies IPO subscription status, GMP
That Waaree Energies IPO created significant excitement is evident from the issue that the issue was oversubscribed soon after bids opened on October 21 which was the first day of subscription. By the end of the day, the retail portion was oversubscribed 3.47 times. In the sNII category (bids below Rs 10 lakh), the IPO was oversubscribed 9.68 times and in the bNII category (above Rs 10 lakh) the extent of oversubscription was 7.53 times. On Day 1, the overall oversubscription was 3.47 times.
The reason was not hard to find. According to investorgain, the GMP on October 21 was Rs 1,500, which translated to a listing gain of 100%. It stood at the same level on the morning of October 22. However, GMP is an unofficial estimate that does not guarantee listing gain or loss. The allotment for shares of Waaree Energies IPO would be doe on Thursday, October 24.
Deepak Builders & Engineers IPO GMP, subscription status
Deepak Builders & Engineers IPO too evinced a lot of interest among investors – 6.22 times in the retail category, 6.08 times in the sNII category and 3.38 times in the bNII category. Overall, the oversubscription was 4.18 times.
The GMP of Deepak Builders & Engineers IPO stood at Rs 60, indicating a listing gain of 30.05%, at the end of October 21, revealed investorgain. It rose continuously from Rs 11 on October 15. The allotment for shares of Deepak Builders & Engineers IPO will be finalised on Thursday, October 24, 2024.
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