DEE Development IPO to kick off for subscription on June 19; check out 10 key things to know from RHP before investing
₹193-203 per share, will close on June 21. The bidding for anchor investors will be open for one day on June 18.
Bids can be placed for a minimum of 73 equity shares and multiples of 73 equity shares thereafter.50% of the issue size has been set aside for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional investors. Furthermore, investors may bid for a minimum of 73 equity shares and multiples thereof.DEE Developments Engineers is an engineering firm that provides specialist process pipe solutions for the oil and gas, electricity (including nuclear), chemicals, and other process sectors through designing, procurement, and manufacture.Also Read: Dee Development Engineers IPO: Price band set at ₹193-203 per share; check issue details, key dates, moreDEE Development's ₹418 crore IPO includes a fresh issue of ₹325 crore and an offer-for-sale (OFS) of 4,582,000 equity shares by promoter Krishan Lalit Bansal.Tentatively, the basis of allocation of shares for the DEE Development IPO will be settled on Monday, June 24, and the business will commence refunds on Tuesday, June 25, with shares credited to allottees' demat accounts the same day.
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