DEE Piping Systems IPO subscribed 99.56 times on Day 3

DEE Piping Systems IPO details: The IPO of DEE Development Engineers (DEE Piping Systems) opened for subscription on June 19. The IPO of the engineering company will be open for subscription for three trading days, i.e., until Friday, June 21 from 10 am to 5 pm.

DEE Piping Systems IPO subscription status

According to provisional exchange data, DEE Piping Systems IPO's share sale received bids for 1,48,78,81,693 shares against 1,49,44,944 shares on offer, translating into a subscription of 99.56 times on Friday, the third day of the bidding process.

Here are the key details to know about the issue: 

DEE Piping Systems IPO 

DEE Piping Systems IPO is a book-built issue of Rs 418.01 crore and an issue is a combination of fresh issue of 1.6 crore shares aggregating to Rs 325.00 crores and offer for sale of 0.46 crore shares aggregating to Rs 93.01 crore.

DEE Piping Systems IPO price band, DEE Piping Systems IPO lot size

DEE Piping Systems IPO price band is set at Rs 193 to Rs 203 per share. The minimum lot size for an application is 73 Shares. The minimum amount of investment required by retail investors is Rs 14,819.

DEE Piping Systems IPO: Book-running lead managers

SBI Capital Markets Limited and Equirus Capital Private Limited are the book-running lead managers of the DEE Piping Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.

DEE Piping Systems IPO allotment date

The basis of the allotment of shares under the IPO of DEE Piping Systems is set to be finalised on Monday, June 24. 

DEE Piping Systems IPO listing date

The stock is likely to be listed in the secondary market on Wednesday, June 26. The stock will be traded on the bourses, BSE and NSE. 

What does DEE Piping Systems do?

Founded in 1988, DEE Development Engineers is an engineering company that provides specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. 

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