DEE Piping Systems’ IPO is a book-built issue for Rs 418.01 crore. The offering consists of a fresh issue of 1.6 crore shares totaling Rs 325.00 crores and an offer to sell of 0.46 crore shares totaling Rs 93.01 crores.
DEE Piping Systems’ initial public offering (IPO) will begin on June 19, 2024 and end on June 21, 2024. The allotment for DEE Piping Systems’ IPO is expected to be concluded on Monday, June 24, 2024. DEE Piping Systems’ IPO will be listed on the BSE and NSE, with a tentative listing date of Wednesday, June 26, 2024.
DEE Piping Systems’ IPO price range is set at Rs 193 to Rs 203 per share. The minimum lot size for an application is 73 shares. The minimum investment for retail investors is Rs 14,819. The minimum lot size investment for sNII is 14 lots (1,022 shares) worth Rs 207,466, while bNII requires 68 lots (4,964 shares) worth Rs 1,007,692.
DEE Piping Systems IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | Rs 10 per share |
| Price Band | Rs 193 to Rs 203 per share |
| Lot Size | 73 Shares |
| Total Issue Size | 20,591,852 shares (aggregating up to Rs 418.01 Cr) |
| Fresh Issue | 16,009,852 shares (aggregating up to Rs 325.00 Cr) |
| Offer for Sale | 4,582,000 shares of Rs 10 (aggregating up to Rs 93.01 Cr) |
| Employee Discount | Rs 19 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 53,039,140 |
| Share holding post issue | 69,048,992 |
DEE Piping Systems IPO Timeline
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
DEE Piping Systems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 73 | Rs 14,819 |
| Retail (Max) | 13 | 949 | Rs 192,647 |
| S-HNI (Min) | 14 | 1,022 | Rs 207,466 |
| S-HNI (Max) | 67 | 4,891 | Rs 992,873 |
| B-HNI (Min) | 68 | 4,964 | Rs 1,007,692 |
