DEE Development Engineers Limited IPO subscribed 99.56 times on the last day of bidding. Check the GMP here
DEE Development Engineers Limited is an engineering firm offering specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries. They provide engineering, procurement, and manufacturing services and produce high-pressure piping systems, piping spools, high-frequency induction pipe bends, and more. Their product range includes longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories like boiler superheater coils and de-superheaters.
DEE Development Engineers Limited subscription details
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1 | Qualified Institutional Buyers (QIBs) | 201.91 |
| 2 | Non Institutional Investors | 144.00 |
| 3 | Retail Individual Investors (RIIs) | 23.42 |
| 4 | Employees | 44.73 |
| – | Total | 99.56 |
DEE Development Engineers Limited GMP Today
The current GMP of the company is around Rs. 88-94 which is around 43.55% of the Issue price . It is expected that investors can get a profit of 43.55% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
DEE Development Engineers Limited Allotment & Listing day
The allotment of DEE Development Engineers is to be done on Monday (24/06/2024) by Link Intime India Private Ltd. (Registrar) and the listing date of the shares is on Wednesday (26/06/2024).
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