DEE Development IPO: Check day 3 subscription status, latest GMP, should you subscribe, other key details

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₹418.01 crore worth IPO is a combination of fresh issue of 1.6 crore equity shares aggregating to ₹325 crore and offer for sale (OFS) component of 46 lakh shares aggregating to ₹93.01 crore.DEE Development IPO price band has been set at ₹193 to ₹203 per share. The IPO lot size is 73 shares.

Also Read: Stanley Lifestyles IPO to hit D-Street today; check GMP, review, and other key details. Should you apply or not?The IPO allotment is expected to be finalized on Monday, June 24, and the IPO listing date is June 26.

The equity shares of DEE Development will be listed on both the stock exchanges, BSE and NSE.The company proposes to utilise the net issue proceeds to fund working capital requirements, prepay or repay all or a portion of certain outstanding borrowings and for general corporate purposes.SBI Capital Markets and Equirus Capital Pvt Ltd are the book running lead managers of the DEE Piping Systems IPO, while Link Intime India Private Ltd is the IPO registrar.Also Read: Winny Immigration IPO: SME issue fully subscribed on day 1, NIIs bid highest: Check latest GMP, subscription statusDEE Development IPO has been subscribed 13.15 times in total so far on June 21, the third and the last day of the bidding process. The public issue has received bids for 19.65 crore equity shares as against 1.49 crore shares on the offer, according to data available on NSE till 10:45 am.The IPO has been subscribed 10.63 times in the retail category, 0.21 times in Qualified Institutional Buyers (QIB) category, and 35.83 times in the Non Institutional Investors (NII) category so far.Also Read: Ola Electric, Emcure Pharmaceuticals get SEBI nod for IPO launchDEE Development shares are commanding a strong premium in the grey market.