Deepak Builders shares list at over 2% discount, miss IPO GMP trend

Quick Summary:

Shares of Deepak Builders & Engineers made a subdued debut on bourses on Monday.

On the BSE, Deepak Builders shares listed at Rs 198.

The public issue received strong demand from investors, with the IPO being subscribed 41.54 times by the final day of subscription, riding on the back of the Non-Institutional Investors (NIIs) who placed the highest bids for the IPO, with a subscription of 82.47 times, followed by retail investors at 39.79 times, and Qualified Institutional Buyers (QIBs) at 13.91 times, as per the NSE data.

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Category: BusinessFinance

Markets: India

Topics: Deepak Builders ipo listing today Deepak Builders ipo share price Deepak Builders listing price today bse Ipo gmp today Deepak Builders ipo listing gain Ipo listing today Share market news Deepak Builders ipo listing Deepak Builders listing price Share market news today Deepak Builders shares today Share market news Ipo allotment Deepak Builders share price

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Article Type: News Report

Published On: 2024-10-28 @ 10:10:10 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 451 words

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Sentences: 18 lines

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News ID: 23278210

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