DEE Piping IPO: Latest GMP as focus shifts to allotment. How to check the share allotment status online?

DEE Piping Systems provides specialised process piping solutions to assorted industries, specified arsenic lipid and gas, power, chemicals, etc., done engineering, procurement, and manufacturing. It has 7 manufacturing facilities, 3 of which are located successful Palwal (Haryana) and 1 each successful Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand).

Moreover, it has 1 engineering installation successful Chennai (Tamil Nadu), dedicated to designing products and processing engineering processes.

The institution decided to rise funds done an IPO to conscionable its moving superior requirements, prepay oregon repay definite outstanding borrowings, and for wide firm purposes.

With a terms set acceptable astatine ₹193-203 per stock and a batch size of 73 shares, the ₹418.01 crore worthy IPO combined a caller contented of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore.

DEE Development IPO GMP

DEE Piping Systems IPO's latest GMP (grey marketplace premium) is ₹88. Considering the terms set of ₹203, the IPO's estimated listing terms is ₹291, a premium of 43.35 per cent.

DEE Development IPO subscription status

The DEE Piping Systems IPO was afloat subscribed connected Day 1, and astatine the extremity of Day 2, the wide subscription was implicit 9 times. However, the 3rd and last time of bidding saw robust subscriptions.

DEE Piping Systems IPO was cumulatively subscribed 103.03 times. The contented received bids for 1,48,14,80,542 shares against 1,43,79,814 shares offered.

The retail class was subscribed 23.66 times, receiving bids for 17,01,16,134 shares against 71,89,907 offered. The qualified organization buyers (QIB) bought shares 206.54 times, placing bids for 84,85,63,972 shares against 41,08,518 offered and the non-institutional investors (NII) conception saw a subscription of 149.38 times, receiving bids for 46,03,08,581 shares against 30,81,389 offered.

How to cheque DEE Piping Systems IPO allotment status?

DEE Piping Systems IPO's stock allotment presumption is expected to beryllium finalised connected Monday, June 24, 2024. Investors who are allotted shares tin expect the recognition of shares successful their demat accounts connected Tuesday, June 25. Those who are not allotted shares whitethorn get a refund connected Tuesday.

Link Intime India Private Ltd is the registrar for DEE Piping Systems IPO. The allotment presumption is disposable online connected the registrar's website. Investors request their PAN details oregon the IPO allocation fig to cheque the presumption online.

How to cheque DEE Piping Systems IPO allotment presumption connected the registrar's website?

To cheque the presumption of the stock allotment connected the registrar's website, travel the pursuing steps:

1. Visit the website https://linkintime.co.in/initial_offer/public-issues.html

2. Select the company's sanction done the dropdown menu

3. Enter your PAN Card fig oregon exertion number

4. Hit the "submit" button

How to cheque DEE Piping Systems IPO allotment presumption connected BSE?

1. Login astatine nonstop BSE nexus — bseindia.com/investors/appli_check.aspx

2. Select 'Equity' successful the contented type

3. Write Application Number oregon PAN Number, whichever you have

4. Click connected 'I'm not a robot'

5. Click connected the 'Search' button.

DEE Piping Systems IPO listing date

Shares of DEE Piping Systems are expected to beryllium listed connected BSE and NSE connected Wednesday, June 26, 2024.

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Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts, and brokerage firms, not Mint. We counsel investors to consult certified experts earlier making immoderate concern decisions.

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Published: 22 Jun 2024, 10:42 AM IST