The DEE Piping Systems IPO, also known as the DEE Development Engineers Limited IPO, is a main-board IPO expected to open for subscription on June 19, 2024 and close on June 21, 2024.
The company is offering 20,591,852 equity shares with a face value of ₹10 each at a price band of ₹193 to ₹203 per share.
DEE Piping Systems IPO Key details:
- Issue size: ₹418.01 crores
- Price band: ₹193 to ₹203 per share
- Minimum order quantity: 73 shares
- Listing: BSE, NSE
- Tentative listing date: June 26, 2024
Company overview:
DDEL specializes in providing specialized process piping solutions for various industries globally, including oil and gas, power, chemicals, and more. The company has shown steady growth in its top and bottom lines.
DEE Piping Systems IPO purpose: The IPO aims to raise funds for the company’s expansion plans and general corporate purposes.
DEE Piping Systems IPO Grey Market Premium (GMP): The current GMP for the DEE Piping Systems IPO is ₹40, indicating positive market sentiment towards the IPO.