DEE Piping IPO: Latest GMP as focus shifts to allotment. How to check the share allotment status online?
₹193-203 per share and a lot size of 73 shares, the ₹418.01 crore worth IPO combined a fresh issue of 1.6 crore shares, aggregating ₹325 crore, and an offer-for-sale (OFS) of 46 lakh shares, aggregating ₹93.01 crore.DEE Piping Systems IPO's latest GMP (grey market premium) is ₹88. Considering the price band of ₹203, the IPO's estimated listing price is ₹291, a premium of 43.35 per cent.The DEE Piping Systems IPO was fully subscribed on Day 1, and at the end of Day 2, the overall subscription was over 9 times.
However, the third and final day of bidding saw robust subscriptions.DEE Piping Systems IPO was cumulatively subscribed 103.03 times. The issue received bids for 1,48,14,80,542 shares against 1,43,79,814 shares offered.The retail category was subscribed 23.66 times, receiving bids for 17,01,16,134 shares against 71,89,907 offered.
The qualified institutional buyers (QIB) bought shares 206.54 times, placing bids for 84,85,63,972 shares against 41,08,518 offered and the non-institutional investors (NII) segment saw a subscription of 149.38 times, receiving bids for 46,03,08,581 shares against 30,81,389 offered.DEE Piping Systems IPO's share allotment status is expected to be finalised on Monday, June 24, 2024. Investors who are allotted shares can expect the credit of shares in their demat accounts on Tuesday, June 25.
Those who are not allotted shares may get a refund on Tuesday.Link Intime India Private Ltd is the registrar for DEE Piping Systems IPO. The allotment status is available online on the registrar's website.
Investors need their PAN details or the IPO allocation number to check the status online.To check the status of the share allotment on the registrar's website, follow the following steps:1. Visit the
. Read more on livemint.com
