DEE Piping Systems’ IPO share allotment status will be finalized on Monday, June 24, 2024. If you are allotted shares, they will be credited to your demat account on Tuesday, June 25.
Key Information
- IPO Dates: The IPO opened on June 19 and closed on June 21.
- Subscription: It was subscribed 103.03 times overall.
- Company Overview: DEE Piping Systems offers process piping solutions for industries like oil and gas, power, and chemicals. It has multiple manufacturing facilities in India and one in Thailand.
IPO Details
- Purpose: Raising funds for working capital, repaying loans, and general corporate purposes.
- Price Band: ₹193-203 per share.
- Lot Size: 73 shares.
- Total Issue: ₹418.01 crore, with a fresh issue of 1.6 crore shares and an offer-for-sale of 46 lakh shares.
DEE Piping IPO GMP
The grey market premium (GMP) for DEE Piping Systems IPO is ₹88. With a price band of 203, the expected listing price is ₹291, showing a 43.35% premium.
DEE Piping IPO Subscription Status
On the first day, the IPO was fully subscribed. By the end of the second day, the subscription was over 9 times. On the final day, it reached 103.03 times.
- Retail Investors: 23.66 times subscription.
- Qualified Institutional Buyers (QIBs): 206.54 times subscription.
- Non-Institutional Investors (NIIs): 149.38 times subscription.
How to Check DEE Piping IPO Allotment Status
The share allotment status can be checked on the registrar’s website or BSE.
Steps to Check on Registrar’s Website
- Go to the website: Link Intime India Private Ltd
- Select DEE Piping Systems from the dropdown.
- Enter your PAN or application number.
- Click “Submit.”
Steps to Check on BSE
- Go to BSE Allotment Status Page.
- Select “Equity” in the issue type.
- Enter your application or PAN number.
- Verify with “I’m not a robot.”
- Click “Search.”
DEE Piping IPO Listing Date
Shares will be listed on BSE and NSE on Wednesday, June 26, 2024.
FAQs
Q: When will DEE Piping IPO shares be credited to my account?
A: On Tuesday, June 25, 2024.
Q: How can I check if I have been allotted shares?
A: Use the registrar’s website or BSE’s allotment status page.
Q: What is the price band for DEE Piping IPO?
A: ₹193-203 per share.
Q: How many shares are in one lot?
A: 73 shares per lot.
Final Words
The DEE Piping IPO has seen significant interest, with high subscription rates across all investor categories. Ensure you check your allotment status and be ready for the listing on June 26, 2024. Always consider consulting financial experts before making investment decisions.
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