DEE Development Engineers lists with 67% Premium on NSE, 60.10% Premium on BSE!

DEE Development Engineers shares debuted robustly on NSE at ₹339 and on BSE at ₹325 per share, reflecting premiums of 67% and 60.10% over the ₹203 issue price respectively.
DEE Development Engineers lists with 67% Premium on NSE, 60.10% Premium on BSE!

DEE Development Engineers shares debuted strongly on both NSE and BSE, listing at ₹339 and ₹325 per share respectively. This marks a significant premium of 67% and 60.10% over the issue price of ₹203 per share.

DEE Development Engineers IPO experienced overwhelming interest on Day 3, with subscriptions reaching impressive levels: QIBs at 201.91 times, NIIs at 144.00 times, RIIs at 23.42 times, and Employees at 44.73 times, leading to a total subscription rate of 99.56 times.

DEE Development Engineers Ltd is a prominent global engineering firm specializing in process piping solutions for industries such as oil, gas, power, and chemicals. With over 30 years of experience, they are India’s largest provider of these solutions, offering advanced engineering, fabrication, welding, and material handling services. They operate six manufacturing units across India and Thailand, with ongoing expansions to enhance production capacity and automation capabilities.

DEE Development’s IPO aims to use funds primarily for working capital needs, repay existing debts, and support general corporate objectives such as growth initiatives and strengthening operational capabilities.

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