New Delhi: Dee Development IPO subscription reached more than three times of its total IPO size of Rs 418 crore by 11 am on Thursday, June 20, 2024. High Networth Individuals (HNIs) have shown higher interest than retail investors in the public issue, so far. Dee Development IPO retail portion was oversubscribed almost four times, while, HNI and Non-Institutional Investors’ (NIIs) quotas were oversubscribed almost eight times their respective portion sizes. Notably, Dee Development IPO GMP today is at a high.
Dee Development IPO GMP today
According to IPOWatch, Dee Development IPO GMP today has shot up to Rs 95. The company’s stock’s premium in the grey market has only risen in last few days. Considering the upper price band of Rs 203 and GMP of Rs 95, the shares may have a listing gains of over 46 per cent on the bourses. However, the grey market premium is not an official number.
Know what Dee Development Engineering Limited’s CMD has to say?
In an exclusive interview with Money9, Dee Development, CMD, KL Bansal said the company enjoys the rich legacy of being in operational profits in last 25 to 26 years. He added that the company has lot of projects going on. Moreover, they are looking to expand and augment firm’s operations even further going ahead. For this, the firm has already set up a new plant in Assam and establishment of another plant is in process.
Dee Development IPO Expert Review
Considering the company’s expansion plans and profitability, stock market expert, Arun Kejriwal, said to Money9 that he expects the company to benefit from these operational expansions in time to come. These benefits to be reaped by the company in future may reflect in its share prices later on. On Dee Development IPO, Kejriwal, said investors can apply in the bidding process but the issue looks slightly expensive.
Dee Development IPO Dates
The expected Dee Development IPO allotment date is Monday, June 24, 2024. While, the shares issued in the public offer are expected to list 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 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.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Dee Development IPO GMP today has shot up to Rs 95. The company’s stock’s premium in the grey market has only risen in last few days. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
