DEE Development Engineers IPO share allotment today: How to check status on NSE and Link Intime India

DEE Development Engineers share allotment: The share allotment of initial public offering of DEE Development Engineers (DEE Piping Systems IPO) is likely to be finalised on Monday, June 24, following its robust subscription.

The IPO, which was open for subscription from June 19 to June 21, was subscribed 99.56 times. Investors brought 148.78 crore shares as against 1.49 crore shares on offer.

The qualified institutional buyers (QIBs) portion was subscribed 201.91 times the allotted quota. Non-institutional investors or NIIs quota was booked 144 times the portion set aside for them, while retail investors bid 23.42 times the allotted quota.

Investors can check the share allotment status of DEE Development Engineers IPO on the official portal of registrar Link Intime India Private Limited and the NSE.

DEE Development Engineers IPO share allotment status on Link Intime website

• Visit Link Intime portal- https://linkintime.co.in/initial_offer/public-issues.html
• From the company drop-down list, select "Dee Development Engineers"
• Fill in the application number, PAN, Account number/IFSC or DP Client ID
• Click on the "Submit" button.

Steps to check DEE Development Engineers IPO share allotment status on the NSE website

• Visit the NSE IPO allotment status page- https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Enter your username and password
• Select DEE Development Engineers
• Verify PAN
• Enter IPO application number
• Click on "Submit"

DEE Development Engineers, established in 1988, provides specialised process piping solutions. It is into manufacturing and supplying of piping products such as fittings, spools, pressure vessels, piping systems, bends, industrial stacks, and modular skids, among other things.

The proceeds generated from the initial share sale will be used for working capital requirements, replaying debts, and general corporate purposes.