New Delhi: Dee Development IPO subscription status reached 15 times of its total issue size of Rs 418 crore by 11 am on Friday, June 21, 2024. The public issue has so far got maximum traction by Non-Institutional Investors (NIIs). Their quota was oversubscribed 45 times, while, Dee Development IPO retail portion oversubscription stood at almost 12 times on day three. High Net Worth Individuals (HNIs) have shown higher interest than retail investors. Dee Development IPO HNI oversubscription stood at 40 times on Friday. Now, check its Dee Development IPO GMP today.
Dee Development IPO GMP today
According to Investor Gain, Dee Development IPO GMP today stood at around Rs 94. Considering Dee Development IPO price band’s upper limit of Rs 203 and the stock’s current GMP, the company’s shares may have a listing gains of over 46 per cent on the bourses. However, the grey market premium is not an official number.
Dee Development IPO Allotment Date
The expected Dee Development IPO allotment date is Monday, June 24, 2024. IPO allottees can find reflection of shares of the company in their demat account from subsequent day i.e. from June 25. The refund process for those who wouldn’t get subscriptions would also commence from Tuesday, June 25.
Dee Development IPO Expected Listing Date
According to the capital market regulator, Sebi, shares of any company’s mainboard IPO should be listed on the exchanges within next three business days of the closing date of the IPO. Dee Development IPO opened for bidding on June 19 and would conclude on June 21. So, the company’s expected listing date is on Wednesday, June 26, 2024 on the BSE and NSE.
Dee Development IPO Price Band
The public issue comprises fresh issue of equity shares worth Rs 325 crore and an offer for sale (OFS) of 45.82 lakh shares. Dee Development IPO size is Rs 418 crore. The IPO price band is fixed at Rs 193-203 per share.
Dee Development IPO Structure
Retail investors will have to invest minimum of Rs 14,089 in the bidding process. Small investors can bid for 73 shares in one lot and in multiples thereafter. They will get to subscribe 35 per cent of total IPO size. While, 50 per cent of the quota is reserved for Qualified Institutional Buyers (QIBs) and 15 per cent for NIIs.
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Dee Development IPO Subscription Status is at a high. Dee Development IPO GMP today is Rs 94 and signifies the company’s shares may list at around 46 per cent premium on expected listing date. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today