Dee Development Engineers Limited commenced its initial public offering (IPO) today, open for subscription until June 21, 2024. The IPO price band is set between ₹193 and ₹203 per equity share for the engineering company.
As of June 19, 2024, at 2:26 PM on the first day of bidding, the IPO is subscribed 1.50 times, with the retail portion subscribed 1.88 times and the Non-Institutional Investor (NII) portion 2.57 times.
The company aims to raise ₹418.01 crore through the IPO, with ₹325 crore from fresh shares and ₹93.01 crore through the OFS route. Each lot in the public issue consists of 73 company shares, and bidding is open until June 21, 2024.
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