Latest News | Deepak Builders Shares Make Muted Market Debut

New Delhi, Oct 28 (PTI) Shares of engineering and construction company Deepak Builders and Engineers India Ltd listed with a discount of over 2 per cent against the issue price of Rs 203 on Monday.

The stock listed at Rs 198.50, lower by 2.21 per cent from the issue price on the BSE. Later, in the trade it further fell by 15.81 per cent to Rs 170.90.

Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for October 28, 2024 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game.

At the NSE, it made the debut at Rs 200, down 1.47 per cent.

The company's market valuation stood at Rs 824.71 crore.

Also Read | Shillong Teer Results Today, October 28 2024: Winning Numbers, Result Chart for Shillong Morning Teer, Shillong Night Teer, Khanapara Teer, Juwai Teer and Jowai Ladrymbai.

The initial public offer of Deepak Builders & Engineers India Ltd received 41.54 times subscription on the last day of the share sale on Wednesday.

The Rs 260-crore share sale had a fresh issue of up to 1.07 crore equity shares and an Offer-for-Sale (OFS) of up to 21,10,000 equity shares.

The price range for the offer was Rs 192-203 per share.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)