DEE Development Engineers IPO
DEE Development Engineers Limited (DEEDEV) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 26 June 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +65.4% (likely range +42% to +100%), day's high +74.3%, chance of a gain 97%. Actual: +67.0% at the open, +80.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 42,02,690 | 84,85,63,972 | 202x | |
| NII (HNI) total | 32,05,435 | 46,15,68,123 | 144x | |
| Big NII (above ₹10 lakh) | 21,36,957 | 34,04,15,425 | 159x | |
| Small NII (₹2-10 lakh) | 10,68,478 | 12,11,52,698 | 113x | |
| Retail | 74,79,348 | 17,51,78,830 | 23.4x | |
| Employees | 57,471 | 25,70,768 | 44.7x | |
| Total | 1,49,44,944 | 1,48,78,81,693 | 99.6x |
Bids on NSE and BSE together, as published by NSE, as of 21 Jun 2024, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to DEE Development Engineers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Vishnu Prakash R PungliaAug 2023 | 172x | 111x | 32.0x | 87.8x | ₹309 Cr | +66.7% | +66.7% |
| Laxmi Organic IndustriesMar 2021 | 175x | 218x | 20.1x | 107x | ₹605 Cr | +19.6% | +34.3% |
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
| Data Patterns (India)Dec 2021 | 191x | 254x | 23.1x | 120x | ₹587 Cr | +46.3% | +47.7% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| Equirus Capital | 34 | +21.3% | 74% |
Offer documents (NSE)
Frequently asked
What is the DEE Development Engineers IPO price band and lot size? ₹193–203 per share, with a lot of 73 shares, so the smallest retail bid is ₹14,819.
How many times has it been subscribed? 99.6x overall: QIB 202x, NII 144x, retail 23.4x, employees 44.7x.
How did it list? It opened at ₹339, +67.0% against the issue price of ₹203, and closed its first day +65.2%.
