DEE DEVELOPMENT ENGINEERS LIMITED

IPO Details

DEE Piping Systems IPO is open for subscription starting Wednesday, June 19, 2024, and closing on Friday, June 21, 2024. The price is decided at Rs 193 to Rs 203 per share. The minimum lot size for the retail category is 73 shares. The minimum lot size for small NII is 14 lots consisting of 1,022 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4,964 shares. The minimum investment required for retail category investors is Rs 14,819 ( 203 x 73 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,466 (203 x 1,022 shares); for big non-institutional investors, it is Rs 10,07,692 (203 x 4,964 shares).  DEE Piping Systems IPO is a book-built issue of Rs 418.01 crores. This Issue is a combination of fresh Issue and offer-for-sale. The fresh Issue is of 1.6 crore equity shares amounting to Rs 325 crores and OFS is of 0.46 crore equity shares amounting to Rs 93.01 crores. The allotment for this IPO is expected to be finalised on Monday, June 24, 2024. DEE Piping Systems IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, June 26, 2024.The book-running lead managers of DEE Piping Systems are SBI Capital Markets Limited and Equirus Capital Private Limited. The registrar for this new IPO is Link Intime India Private Limited.