Deepak Builders & Engineers India IPO
Deepak Builders & Engineers India Limited (DBEIL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 October 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.4% (likely range -1% to +50%), day's high +31.4%, chance of a gain 92%. Actual: -1.5% at the open, -1.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 25,62,061 | 3,56,27,577 | 13.9x | |
| NII (HNI) total | 19,21,500 | 15,84,68,546 | 82.5x | |
| Big NII (above ₹10 lakh) | 12,81,000 | 9,97,40,265 | 77.9x | |
| Small NII (₹2-10 lakh) | 6,40,500 | 5,87,28,281 | 91.7x | |
| Retail | 44,83,500 | 17,83,83,749 | 39.8x | |
| Total | 89,67,061 | 37,24,79,872 | 41.5x |
Bids on NSE and BSE together, as published by NSE, as of 23 Oct 2024, 07:00 PM. Shares offered exclude the anchor portion. 40% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Deepak Builders & Engineers India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Valiant LaboratoriesOct 2023 | 20.8x | 73.6x | 16.1x | 29.8x | ₹152 Cr | +15.8% | +21.6% |
| R K SwamyMar 2024 | 20.6x | 34.4x | 34.0x | 25.9x | ₹424 Cr | -13.2% | -1.1% |
| Western Carriers (India)Sep 2024 | 28.0x | 44.7x | 26.0x | 30.6x | ₹511 Cr | -0.6% | +2.9% |
| Neogen ChemicalsApr 2019 | 30.5x | 114x | 16.1x | 41.2x | ₹133 Cr | +16.7% | +22.6% |
| Supriya LifescienceDec 2021 | 31.8x | 161x | 56.0x | 71.5x | ₹724 Cr | +53.6% | +53.6% |
| J G ChemicalsMar 2024 | 32.1x | 46.3x | 17.4x | 27.8x | ₹256 Cr | -5.4% | -3.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Fedex Securities | 3 | +19.7% | 67% |
Offer documents (NSE)
Frequently asked
What is the Deepak Builders & Engineers India IPO price band and lot size? ₹192–203 per share, with a lot of 73 shares, so the smallest retail bid is ₹14,819.
How many times has it been subscribed? 41.5x overall: QIB 13.9x, NII 82.5x, retail 39.8x.
How did it list? It opened at ₹200, -1.5% against the issue price of ₹203, and closed its first day -20.2%.
