DEE Piping Systems IPO GMP History
DEE Piping Systems IPO has been listed on June 26, 2024 at a listing price of ₹339, against the issue price of ₹203 — a gain of ₹136 (+67%). The GMP peaked at ₹88 on 23 June 2024 and reached a low of ₹45 on 17 June 2024. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
DEE Piping Systems IPO raised ₹418.01 Cr. through its IPO at a price band of ₹193 to ₹203 per share, with a lot size of 73 shares. The IPO was open for subscription from 19 Jun 2024 to 21 Jun 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:41 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 23 Jun 2024 | ₹ 88 | ▲ | 43% | — | — |
| 22 Jun 2024 | ₹ 85 | ▼ | 42% | — | — |
| 21 Jun 2024 | ₹ 88 | — | 43% | — | — |
| 20 Jun 2024 | ₹ 88 | ▲ | 43% | — | — |
| 19 Jun 2024 | ₹ 80 | ▲ | 39% | — | — |
| 18 Jun 2024 | ₹ 78 | ▲ | 38% | — | — |
| 17 Jun 2024 | ₹ 45 | — | 22% | — | — |
| 16 Jun 2024 | ₹ 45 | — | 22% | — | — |
| 15 Jun 2024 | ₹ 45 | — | 22% | — | — |
DEE Piping Systems IPO dates
Key dates from opening to listing. Today is 14 November.
- Open 19 Jun 2024
- Close 21 Jun 2024
- Allotment 24 Jun 2024
- Refund/credit 25 Jun 2024
- Listing 26 Jun 2024
DEE Piping Systems IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹203 |
|---|---|
| GMP-based estimate (pre-listing) | ₹291 (+43.3%) |
| Listing gain / loss | +₹136 per share |
| Listing date | 26 Jun, 2024 |
| Actual listing price | ₹339 (+67%) |
Is DEE Piping Systems IPO GMP reliable?
Grey market premium for DEE Piping Systems IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the DEE Piping Systems IPO full review for a fundamentals-based assessment before making any grey market trades.
DEE Piping Systems IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for DEE Piping Systems IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About DEE Piping Systems IPO
DEE Development Engineers Limited was incorporated as DE Development Engineers Private Limited on 21 March 1988. It is an engineering company providing specialised process piping solutions for oil and gas, power including nuclear, chemicals and other process industries, through engineering, procurement and manufacturing.
It has over three and a half decades of manufacturing experience. It makes high-pressure piping systems, piping spools, induction pipe bends, LSAW pipes, pipe fittings, pressure vessels, industrial stacks, modular skids and accessories such as boiler superheater coils.
Its promoters are Krishan Lalit Bansal, Ashima Bansal and DDE Piping Components.
The IPO was Rs 418.01 crore, with Rs 325.02 crore of fresh issue and Rs 92.99 crore of offer for sale by Krishan Lalit Bansal. Rs 175.00 crore was planned for repaying borrowings and Rs 75.00 crore for working capital.
Frequently asked
What is the GMP of DEE Piping Systems IPO?
The current Grey Market Premium (GMP) of DEE Piping Systems IPO is ₹ 88.
What is the Kostak Price of DEE Piping Systems IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for DEE Piping Systems IPO is not available.
What is the Subject to Sauda Price of DEE Piping Systems IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of DEE Piping Systems IPO?
DEE Piping Systems IPO listed on June 26, 2024 at ₹339, against the issue price of ₹203 — a gain of +67%.
How did the GMP of DEE Piping Systems IPO trend before listing?
The GMP of DEE Piping Systems IPO was rising in its final days before listing. The GMP peaked at ₹88 on 23 June 2024. View the day-wise table above for the complete GMP history.
Explore DEE Piping Systems IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
