DEE Development Engineers Limited IPO
DEE Development Engineers Limited was a mainboard IPO in the Industrial Products sector, offered at ₹193–₹203 per share to raise ₹418 crore. The issue was subscribed 99.56× overall (QIBs 201.91×, NIIs 144×, retail 23.42×). It listed on 26 Jun 2024 at ₹339 and closed its first day at ₹335, a listing gain of +65.2% versus the ₹203 issue price. It now trades around ₹508 (+150.0% versus the issue price).
Frequently asked questions
- How many times was the DEE Development Engineers Limited IPO subscribed?
- The DEE Development Engineers Limited IPO was subscribed 99.56× overall — 201.91× in the QIB category, 144× among non-institutional investors, 23.42× in retail.
- What were the DEE Development Engineers Limited IPO listing gains?
- DEE Development Engineers Limited listed on 26 Jun 2024 at ₹339, closing its first day at ₹335 — a listing gain of +65.2% versus the ₹203 issue price.
- What were the retail allotment odds for the DEE Development Engineers Limited IPO?
- Retail was subscribed 23.42×, so a single-lot application had roughly a 4.3% chance of allotment (about 1 in 23), and allotment was finalised on 24 Jun 2024.
- What was the price band and lot size of the DEE Development Engineers Limited IPO?
- The price band was ₹193–₹203 per share, with a minimum lot of 73 shares (₹14,819 at the upper band).
- Who were the registrar and lead manager for the DEE Development Engineers Limited IPO?
- Link Intime India Private Limited was the registrar, and SBI Capital Markets was the book-running lead manager.