Deepak Builders (DBEIL) IPO Allotment Status: Key Steps, So Far Response.

Investors are eagerly awaiting for the Deepak Builders IPO allotment status, which will be available on October 24, 2024. The IPO generated significant interest, with an overall massive subscription so far day 2. After the finalization date, you can check your allotment status easily through the registrar’s website or stock exchange portals.

DBEIL IPO Response and Grey Market Premium (GMP) Trends

The DBEIL IPO opened on October 21, 2024, and closed on October 23, 2024. So far, it has received an overwhelming response from investors across the board. By October 22, 2024:

• Retail Investors oversubscribed the issue 16.14 times.
• Non-Institutional Investors (NII) subscribed 17.44 times.
• Qualified Institutional Buyers (QIB), typically the large financial institutions, took a more cautious stance, subscribing just 1.08 times​.

One of the key indicators for investors to track is the Grey Market Premium (GMP). For DBEIL, the GMP has fluctuated around ₹60, meaning investors expect the stock to list at a premium of ₹60 per share. This implies potential listing gains of roughly 30%, based on market sentiment​. However, while the GMP offers in sight into the market’s initial excitement, investors should remember it’s speculative and not always reflective of long-term performance.

DBEIL IPO Important Dates

Deepak Builders & Engineers India Ltd. (DBEIL) IPO Important Dates

Allotment Status : Steps to Check Your Allotment Status

After the IPO closes, the allotment of shares is decided, and investors eagerly wait to see if they’ve been allotted shares. For DBEIL, the allotment will be finalized on October 24, 2024. Here’s how you can check the status of your application:

Option 1: KFin Technologies (Registrar’s Website)

KFin Technologies is handling the allotment for DBEIL. Follow these steps to check the status:

1. Go to the KFin Technologies IPO Allotment Status page.
2. From the dropdown, select ‘Deepak Builders & Engineers India Ltd.’ IPO.
3. You can choose one of three methods to retrieve your status:
   • Application Number: Enter your application number received during the application.
   • DP ID/Client ID: Enter the Demat account details associated with your application.
   • PAN Number: Input your PAN to search the record.
4. Click on ‘Submit’ to view the allotment result.
5. Link – https://kosmic.kfintech.com/ipostatus/

Option 2: BSE (Bombay Stock Exchange) Website

You can also check your status directly on the BSE website:

1. Visit the BSE IPO Allotment Page.
2. Under ‘Issue Type’, choose ‘Equity’ and select ‘Deepak Builders & Engineers IPO’ from the dropdown.
3. Input either your Application Number or PAN.
4. Click ‘Search’ and view your allotment status instantly.
5. Link – https://www.bseindia.com/investors/appli_check.aspx

Option 3: NSE (National Stock Exchange) Website

Though less frequently used, the allotment can also be checked through the NSE:

1. Go to the NSE IPO Allotment Page.
2. Enter your PAN or application details to access the status.

Once the allotment is finalized, if you’re successful, the shares will be credited to your Demat account on October 25, 2024. If not, you’ll receive your refund by the same date. The shares are expected to be listed on the stock exchanges on October 28, 2024, where the actual trading performance will reveal the IPO’s true market value​

3. A Closer Look at Deepak Builders & Engineers India Ltd.

Deepak Builders & Engineers India Ltd. (DBEIL) is a well-regarded player in the Engineering, Procurement, and Construction (EPC) sector. The company is primarily involved in infrastructure projects, focusing on key areas like railways, highways, and roads. As of June 2024, the company has an impressive order book of over ₹1,380 crore, largely driven by railway projects, which make up more than 66% of its orders​

For the financial year 2024, DBEIL posted a revenue of ₹516.74 crore and a net profit of ₹60.41 crore. The company boasts a Return on Capital Employed (ROCE) of 8.97% and a Return on Equity (ROE) of 8.48%. Despite these numbers, some analysts express caution due to the rapid spike in profitability and ongoing litigation worth ₹87 crore, which could pose risks down the line​

4. Analyst Recommendations: Should You Invest Long-Term?

Analyst views on DBEIL’s long-term potential are mixed. On one hand, the company has a robust order book, solid financial growth, and operates in a sector with strong government backing. The infrastructure and EPC sector, particularly with a focus on railway projects, is expected to benefit from continued investment in national infrastructure projects. For investors seeking exposure to government-backed projects, DBEIL offers promising growth potential​

However, there are some risks to consider. DBEIL’s recent financial performance, particularly the sharp rise in profitability, has raised some eyebrows. This sudden spike could be difficult to sustain, especially in a competitive market. The ongoing litigation amounting to ₹87 crore also adds a layer of uncertainty. As such, analysts recommend a moderate approach to investing in this IPO, suggesting that investors should not make aggressive allocations but consider DBEIL for long-term portfolios with a balanced risk-reward strategy.

Disclaimer: This content is for informational purposes only and does not constitute financial advice. Please consult a financial advisor before making any investment decisions.

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FAQs on DBEIL IPO Allotment Status

1. When will the allotment status for the DBEIL IPO be available?
The allotment status will be available on October 24, 2024.

2. How can I check my allotment status?
You can check your allotment status through the KFin Technologies website or the BSE/NSE websites. You’ll need your application number, PAN, or Demat account details.

3. What was the overall subscription rate for the DBEIL IPO?
The DBEIL IPO was oversubscribed 12.11 times overall, with retail investors subscribing 16.14 times.

4. What should I do if I was not allotted shares?
If you were not allotted shares, the refund process will initiate on October 25, 2024, and the funds will be credited back to your account.

5. When will the shares be credited to my Demat account if I am allotted shares?
If allotted shares, they will be credited to your Demat account on October 25, 2024.

6. When will the DBEIL shares be listed on the stock exchange?
The shares are expected to be listed on the stock exchanges on October 28, 2024.

7. What is the Grey Market Premium (GMP) for the DBEIL IPO?
The GMP has been fluctuating around ₹60, indicating potential listing gains.

8. Is it possible to check the allotment status via SMS or other methods?
Currently, the most reliable methods to check allotment status are through the registrar’s website or stock exchange portals. SMS services are generally not provided for IPO allotment status.

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