How to Check Your DEE Piping Systems IPO Allotment Status: A Step-by-Step Guide. The IPO of DEE Piping Systems received an overwhelming response from investors, going by the subscription rate of more than 100 times. It was open for bidding from June 19 to June 21, 2024, and saw strong participation from all categories of investors.
Subscription Details
The DEE Piping Systems IPO was subscribed a total of 103.03 times, with specific interest from different investor groups:
- Retail Investors: Subscribed 23.66 times.
- Qualified Institutional Buyers (QIB): Subscribed 206.54 times.
- Non-Institutional Investors (NII): Subscribed 149.38 times.
Out of the 14,379,814 shares available for the public issue, there were bids for an astounding 1,48,14,80,542 shares. The price band for the IPO was set between Rs 193 to Rs 203 per share.
Checking Allotment Status
Investors who have applied for the DEE Piping Systems IPO can check their allotment status online through two primary methods:
-
BSE Website:
- Visit the BSE website.
- Click on ‘Equity’.
- Select ‘DEE Development Engineers Limited’ from the dropdown menu.
- Enter your application number and PAN card ID.
- Verify the captcha and submit.
-
Link Intime India Private Ltd:
- Go to the Link Intime India Private Ltd website.
- Select ‘DEE Development Engineers Limited’.
- Choose between Application Number, Demat Account, or PAN options and enter the relevant details.
- Enter the captcha code.
- Click ‘Submit’.
Grey Market Premium (GMP).
As on June 24, 2024, at 10:30 a.m., the Grey Market Premium (GMP) for DEE Development Engineers IPO is Rs 91. With the IPO price band established at Rs 203.00 per share, the estimated listing price is Rs 294, representing a 44.83% gain per share.
Listing Information:
The shares of DEE Development Engineers Limited would be listed on the BSE and NSE. The tentative date of listing is Wednesday,June 26, 2024.
The massive response to DEE Piping Systems IPO has shown strong sentiments of the market, basically indicating investor confidence in the prospects of the company. The date of listing of DEE Piping Systems is approaching and all eyes will be on its stock performance in the market.
Source: DEE Piping Systems IPO allotment: Step-by-step guide to check status (msn.com)
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