DEE Development Engineers IPO
Engineering/Piping Systems - Listed on 26 June 2024
DEE Development Engineers IPO listing summary
DEE Development Engineers (Engineering/Piping Systems) closed its IPO window in 2024 and listed on NSE and BSE on 26 June 2024 at an upper band issue price of Rs 325, opening at Rs 377.75 for a listing gain of +16.2% and closing day one at Rs 335.32 (+3.2% on closing basis). The IPO was subscribed 99.56x overall - QIB 201.91x, HNI/NII 144.00x, Retail 23.42x. The total issue size was Rs 418.01 Cr (Fresh Issue Rs 325 Cr, OFS Rs 93.01 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
DEE Development Engineers IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +27.69% |
| Day 2 | Rs 50 | +27.69% |
| Day 3 | Rs 80 | +27.69% |
| Day 4 | Rs 90 | +28.62% |
| Day 5 | Rs 93 | +27.69% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the DEE Development Engineers IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
DEE Development Engineers IPO - FAQs
What was the listing gain of DEE Development Engineers IPO?
DEE Development Engineers IPO listed at +16.2% versus the upper issue price of Rs 325 on 26 June 2024.
How many times was DEE Development Engineers IPO subscribed?
DEE Development Engineers IPO was subscribed 99.56x overall. QIB portion was subscribed 201.91x, HNI / NII 144.00x and Retail 23.42x.
What was the IPO GMP for DEE Development Engineers?
IPO GMP started at Rs 50 on Day 1 and moved to Rs 93 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.