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- Deepak Builders IPO, Waaree Energies IPO; Price Band Listing Date | Lot Size
Mumbai18 minutes ago
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Today is the second day of bidding for the Initial Public Offer i.e. IPO of Vaari Energies Limited and Deepak Builders and Engineers India Limited. Waari Energies' IPO was subscribed 3.47 times on the first day. The issue was subscribed 3.34 times in the retail category, 0.08 times in the Qualified Institutional Buyers (QIB) category and 8.22 times in the Non-Institutional Investors (NII) category.
At the same time, the IPO of Deepak Builders and Engineers India was subscribed a total of 4.18 times. The issue was subscribed 6.22 times in the retail category, 0.52 times in the Qualified Institutional Buyers (QIB) category and 4.28 times in the Non-Institutional Investors (NII) category. Shares of both the companies will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on October 28. Now let us know about the IPO of both the companies one by one.
1. 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?
The company 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.
2. 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).
Deepak Builders and Engineers India was established in 2017.
Established in 2017, Deepak Builders & Engineers India Limited is a construction company that constructs administrative, institutional and residential buildings, hospitals, stadiums, residential complexes and other buildings.
The company has completed turn key projects ranging from Architectural, Structural, Civil, MEP, Fire Fighting Systems, Public Health Services, IT Systems, Operation Theatre, Medical Gas Pipelines and Landscaping.
What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.
