Deepak Builders IPO Vs Waaree Energies IPO; Price Band Listing Date | Lot Size | 2 IPOs will open from today: You can bid in the issue of Deepak Builders and Vaari Energies till October 23, minimum investment Rs 13,527.

From today i.e. 21st October, 2 IPO Initial Public Offers i.e. IPOs will be open. These IPOs will be of Deepak Builders and Engineers India Limited and Vaari Energies Limited Company. Investors will be able to bid for this issue till October 23. The company's shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 28. We are telling you about these two IPOs…

1. Deepak Builders and Engineers India Limited IPO

Deepak Builders and Engineers India Limited wants to raise ₹260.04 crore through this issue. For this, the company is issuing 10,700,000 fresh shares worth ₹217.21 crore. Whereas, the existing investors of the company are selling 2,110,000 shares worth ₹ 42.83 crore through Offer for Sale i.e. OFS.

What is the minimum and maximum amount that can be invested? Deepak Builders and Engineers India has fixed the price band of this issue at ₹192-₹203. Retail investors can bid for a minimum of one lot i.e. 73 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 203, then you will have to invest ₹ 14,819.

At the same time, retail investors can apply for maximum 13 lots i.e. 949 shares. For this, investors will have to invest ₹ 192,647 as per the upper price band.

35% of the issue reserved for retail investors The company has reserved 50% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII).

2. Waari Energies Limited IPO

Solar panel manufacturer company Vaari Energies Limited wants to raise Rs 4,321.44 crore through this IPO. 2.4 crore new shares worth Rs 3,600 crore will be issued in the IPO of Vari Energies. Besides, there will be an offer for sale of 48 lakh shares worth Rs 721.44 crore.

What is the minimum and maximum amount that can be invested?

Has fixed the price band between ₹1,427 to ₹1,503. Investors can bid for lots of nine shares and then in multiples of nine. That is, Rs 13,527 will have to be invested for one lot. You can bid ₹ 1,000,998 for a maximum of 70 lots.

35% of the offer reserved for retail investors The company will raise funds from anchor investors on October 18. 50% of the IPO is reserved for institutional investors, while 15% of the issue is reserved for non-institutional investors. 35% of the offer has been set aside for retail investors.

Axis Capital, IIFL Securities, Jefferies India, Nomura Financial Advisory & Securities (India), SBI Capital Markets, Intensive Fiscal Services and ITI Capital are the book running lead managers of the IPO.