...
...
Next Story

DEE Development Engineers IPO opens for subscription today: All you need to know

The price band of the IPO is in the range of ₹193 to ₹203 apiece. Investors can bid for minimum of 73 equity shares in one lot and its multiples thereafter.

Updated on: Jun 19, 2024 10:04 AM IST
By HT News Desk
Prefer HTon Google
Advertisement

The initial public offering for Dee Development Engineers Ltd. will open for subscription today (June 19). Through the IPO which will close on June 21, the company plans to raise ₹418 crore. Ahead of the issue opening, the company's shares are trading with a premium of ₹68 in the unlisted market.

Read more: Bumper market debut: Ixigo shares debut at 49% premium to IPO price

DEE Development Engineers IPO consists of a fresh share sale of up to ₹325 crore and an offer-for-sale (OFS) of up to 45.82 lakh equity shares amounting to ₹93 crore.
DEE Development Engineers IPO consists of a fresh share sale of up to ₹325 crore and an offer-for-sale (OFS) of up to 45.82 lakh equity shares amounting to ₹93 crore.

Dee Development Engineers IPO price band: The price band of the IPO is in the range of ₹193 to ₹203 apiece. Investors can bid for a minimum of 73 equity shares in one lot and its multiples thereafter. The issue consists of a fresh share sale of up to ₹325 crore and an offer-for-sale (OFS) of up to 45.82 lakh equity shares amounting to ₹93 crore.

Read more: DEE Development Engineers raises ₹125 crore from anchor issue ahead of IPO

Dee Development Engineers IPO objectives: Net proceeds from the IPO will be used by the company to fund working capital requirements, repay outstanding borrowings and for general corporate purposes.

Dee Development Engineers financials: For nine months ended on December 31, 2023, the company posted a net profit of ₹14.34 crore with a revenue of ₹380.23 crore.

Dee Development Engineers IPO registrar: SBI Capital Markets Ltd. and Equirus Capital Pvt. Ltd. are the book running lead managers of the IPO. Link Intime India Pvt. Ltd. is the registrar.

Dee Development Engineers IPO allotment date: The allotment for the IPO will likely be finalised on June 24. The shares of the company will list on BSE and NSE on tentative listing date June 26.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

ipoinitial public offering
Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator
Home/Business/DEE Development Engineers IPO opens for subscription today: All you need to know
SHARE THIS ARTICLE ON