DEE Development Engineers Limited, established in 1988, stands as a premier engineering firm specializing in providing cutting-edge process piping solutions. With a strong foothold in sectors such as oil and gas, power (including nuclear), and chemicals, DEE Development Engineers has carved out a niche for itself through its expertise in engineering, procurement, and manufacturing. The company’s diverse product portfolio includes high-pressure piping systems, piping spools, industrial stacks, and specialized components like boiler superheater coils and de-superheaters. Operating across seven state-of-the-art manufacturing facilities in locations including Palwal, Haryana; Anjar, Gujarat; and Bangkok, Thailand, DEE Development Engineers boasts an impressive total installed capacity of 70,875 metric tons as of 2023. This infrastructure supports the company’s commitment to delivering high-quality products that meet stringent global standards.
The allotment date for the DEE Development Engineers Ltd IPO has been confirmed, and allotments have been finalized. Investors who applied for the issue can now verify their allotment status on the registrar portal designated for DEE Development Engineers Ltd IPO, managed by Link Intime India Pvt Ltd. You can discover the number of shares allotted to you through the registrar’s website. Additionally, the company has concluded the refund process for investors who were not allotted shares. The subscription period for DEE Development Engineers Ltd IPO commenced on June 19, 2024, and concluded on June 21, 2024.
Important Dates – DEE Piping Systems IPO Limited IPO
| Application opens on | 19th June 2024 |
| Last date of application | 21st June 2024 |
| Date of Allotment | 24th June 2024 |
| Refund begins from | 25th June 2024 |
| Credit of shares to Demat | 25th June 2024 |
| Listing date | 26th June 2024 |
Here’s how you can check the allotment status of DEE Development Engineers Limited IPO (DEE Piping Systems):
Step 1: Go to the BSE website.
Step 2: Choose ‘Equity’ and then the issue name from the selection menu.
Step 3: Enter your application number as well as your PAN card number and press ‘Search’.
How to check DEE Development Engineers IPO Allotment Status?
Follow the below steps to know whether you got the DEE Development Engineers public issue IPO allotment or not;
- Visit to the Link Intime (registrar’s) IPO allotment page (Link)
- Select the issuer company name as DEE Development Engineers from the drop-down menu.
- Now, choose to enter either your PAN number, IPO Application number, or DP client ID/Demat account number.
- Enter details as per selected option.
- Tap on the ‘Search’ option and the allotment status will be appear on the screen.
- The screen will display shares applied by you and shares alloted to you.
Note: As registrar is respomsible for the allotment, credit of shares, and refund processes. Thus, in case of any discrepency regarding shares allocation and refunds, you can raise your query to the registrar ([email protected]).
DEE Piping Systems Limited IPO Grey Market Premium
Investors keen on DEE Development Engineers IPO have shown significant interest in the Grey Market. As of recent trends:
| Date | GMP |
|---|---|
| 21st June | Rs.95 |
| 20th June | Rs.95 |
| 19th June | Rs.85 |
Dee Development Engineers Ltd IPO FAQs
What is the issue size of DEE Development Engineers IPO?
DEE Development Engineers IPO consists of a mix of fresh issuance of 1.6 crore shares valued at ₹325 crore and an offer for sale (OFS) of shares worth ₹93 crore, totaling ₹418 crore.
What is the price band for DEE Development Engineers IPO?
The price band for DEE Development Engineers IPO is set at ₹193 to ₹204 per equity share.
When will DEE Development Engineers IPO open for subscription?
DEE Development Engineers IPO will open for subscription from June 19 to June 21.
Who are the lead managers for DEE Development Engineers IPO?
The book-running lead managers for the issue are Equirus Capital Private Limited and SBI Capital Markets Limited.
Where will DEE Development Engineers IPO shares be listed?
DEE Development Engineers IPO shares will be listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) after the IPO process concludes.
