“DEE Development IPO Surges to 8.99x Subscription on Day 2 Amidst Spirited Investor Rally”

DEE Development Engineers IPO Day 2: QIBs at 0.16x, NIIs at 21.71x, RIIs at 8.41x, Employees at 18.76x, culminating in a total subscription of 8.99x.
"DEE Development IPO Surges to 8.99x Subscription on Day 2 Amidst Spirited Investor Rally"

DEE Development Engineers IPO  on Day 2 saw diverse subscription rates across different investor categories. QIBs subscribed at a low 0.16 times, while NIIs reached 21.71 times. RIIs subscribed at 8.41 times, and Employees at 18.76 times, leading to a total subscription rate of 8.99 times.

How To Check DEE Development Engineers Limited IPO Subscription Status?

Steps to check the IPO subscription status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the DEE Development Engineers Ltd IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

DEE Development Engineers IPO Allotment Status

The allotment date for the DEE Development Engineers IPO is set for June 24, 2024, with shares priced at a range of ₹193 to ₹203 per share and a face value of ₹10. The offering consists of lots of 73 shares, with bids accepted for these lots or their multiples.

DEE Development Engineers IPO Subscription Status

DEE Development Engineers IPO on Day 1 received varying levels of interest from different groups. QIBs showed minimal interest at 0.02 times, while Employees were the highest at 7.04 times. NII subscribed 5.29 times, RIIs at 2.67 times, leading to a total of 2.51 times. 

DEE Development Engineers IPO Limited IPO Listing Date 

DEE Development Engineers IPO is expected to be listed on the NSE SME on June 26, 2024.

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