DEE DEVELOPMENT ENGINEERS Limited IPO GMP

DEE DEVELOPMENT ENGINEERS LIMITED is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), process industries and chemicals through engineering, procurement and manufacturing services.

DEE Development IPO, a Book Built issue amounting to ₹418.01 crores, consists of a fresh issue of 165.99 Lakhs shares aggregating to ₹325 crores and an offer for sale of 45.82 Lakhs shares totaling ₹93.01 crores. The subscription period for the IPO opens on June 19, 2024, and closes on June 21, 2024. The allotment is expected to be finalized on or about Monday, June 24, 2024, with a tentative listing date on the BSE NSE scheduled on or about Wednesday, June 26, 2024.

The price band of DEE Development IPO is set at ₹193 to ₹203 per share, with a minimum lot size of 73 shares. Retail investors are required to invest a minimum of ₹14,819, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (1,022 shares), amounting to ₹207,466.

SBI CAPITAL MARKETS LIMITED and EQUIRUS CAPITAL PRIVATE LIMITED is the book-running lead manager, LINK INTIME INDIA PRIVATE LIMITED is the registrar. 

Grey Market Premium (GMP) of DEE Development Engineers Limited

DEE Development Engineers IPO GMP today is expected to be in the range of Rs. 30 - Rs. 50 based on the financial performance and the live subscription ststus of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

As of 02:44 PM on 19 June 2024, the DEE Development Engineers IPO live subscription status shows that the IPO fully subscribed on the day 1 itself. The Dee Development Engineers IPO subscriped 1.5 times on NSE & BSE. Check the DEE development Engineers IPO Live Subscription Status Today at BSE and NSE

Objectives of DEE Development Engineers Limited

DEE Development intends to utilize the Net Fresh Issue Proceeds for the following Objects:
1. Funding working capital requirements of our Company.
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company.
3. General corporate purposes.

Refer to DEE Development Engineers Limited RHP for more details about the Company.