Dee Development IPO has had a phenomenally successful initial public offering as it has been subscribed now for over 103 times when the issue closed. Now, all these bidders would have just one thing on their mind – when will Dee Development IPO allotment status be clear? After all that is how they will know whether they have received the shares or not. Those who do receive the shares would be quite hopeful of making money as the Dee Development IPO GMP has been strong and did not suffer any real hiccups to drive investors to worry about their fate in this issue. And it also means they would be eyeing the Dee Development IPO to open not just in green, but much better in order to quickly multiply their money.
Dee Development IPO GMP today
The latest DEE Development IPO GMP today is Rs 91. Since the price band is Rs 203, the estimated Dee Development IPO listing price is likely Rs 294. That is premium of 44.83 per cent that bidders may well aspire.
Dee Development IPO subscription status
Notably, DEE Development IPO opened for subscription on Wednesday, June 19 and by the time the issue closed on Friday, June 21, the overall subscription had rocketed to 103.03 times. Dee Development IPO subscription got bids worth 1,48,14,80,542 shares against 1,43,79,814 offered.
What purpose will Dee Development IPO serve?
The IPO is expected to generate funds for the company to use for its working capital needs, general corporate purposes as well as debt servicing.
Dee Development IPO details: price band, lot size, more
* Price band set at ₹193-203 per share
* Lot size of 73 shares
* ₹418.01 crore IPO (combined a fresh issue of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore).
DEE Development IPO allotment status: how to check
Bidders can easily check their allotment status by going to the registrar’s website, which is https://linkintime.co.in/initial_offer/public-issues.html, and thereafter pick the name of DEE in the dropdown menu. All that is required is for you to furnish the PAN Card number or application number. Submit and be done with it.
Dee Development IPO allotment status can also be checked on BSE
The process to check Dee Piping IPO allotment status is similar. Go to BSE website, which is bseindia.com/investors/appli_check.aspx, pick ‘Equity’ tab in the Issue Type tab there and provide your PAN or application number. One more step – prove that you are not a ‘robot’! Then click on Search tab.
Dee Developmment IPO listing date
The issue is expected to list on both BSE and NSE on June 26.
What does Dee Piping Systems Development do?
Dee Piping Systems is into offering piping solutions to oil and gas, power, chemicals and other industries. It offers expertise in engineering, procurement, and manufacturing areas. It touts 7 manufacturing facilities out of which one is in Bangkok (Thailand).
If you are a bidder, then you must check Dee Development IPO allotment status, GMP, listing date and more. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
