DEE Piping Systems IPO Subscription Status
DEE Piping Systems IPO was subscribed 102.64 times when bidding closed on 21 Jun 2024: QIB 206.54x, NII 149.38x, Retail 23.66x.
The DEE Development Engineers IPO has been subscribed 102.64x times overall. Retail investors have shown interest with bids for 23.66x the shares available. The Non-Institutional Investor (NII) category has been subscribed 149.38x. Within NII, Big HNI (B-HNI) subscribed 165.71x and Small HNI (S-HNI) subscribed 116.73x. Qualified Institutional Buyers (QIBs) have subscribed 206.54x. Data last updated on 10 Nov, 06:41 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 19 Jun, 2024 and closes on 21 Jun, 2024. The shares are expected to list on stock exchanges on 26 Jun, 2024.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 206.54x |
| NII | - of - - | 149.38x |
bHNI — bid amount above ₹10 Lakh |
- - | 165.71 |
sHNI — bid amount ₹2–10 Lakh |
- - | 116.73 |
| Retail | - of - - | 23.66x |
| TOTAL | - - | 102.64x |
DEE Development Engineers IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 24 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 206.54x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
21 Jun 2024
Day 3 |
102.64x | ▼ | |
|
QIB206.54x
BHNI165.71x
SHNI116.73x
Retail23.66x
|
|||
|
20 Jun 2024
Day 2 |
9x | ▼ | |
|
QIB0.16x
BHNI21.29x
SHNI22.62x
Retail8.43x
|
|||
|
19 Jun 2024
Day 1 |
2.51x | ▼ | |
|
QIB0.02x
BHNI5.15x
SHNI5.57x
Retail2.68x
|
|||
DEE Development Engineers IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of DEE Development Engineers IPO?
As of IPO close date (21 Jun, 2024), the DEE Development Engineers IPO is subscribed 102.64x times. Retail category is 23.66x, and NII is 149.38x subscribed.
When is the allotment date for DEE Development Engineers IPO?
The allotment for DEE Development Engineers IPO is expected to be finalized on 24 June, 2024.
What is the GMP of DEE Development Engineers?
The Grey Market Premium (GMP) for DEE Development Engineers is currently ₹88, indicating a potential listing gain of 43%.
When will DEE Development Engineers IPO list on the stock market?
DEE Development Engineers is scheduled to list on BSE and NSE on 26 June, 2024.
What are the chances of getting allotment in DEE Development Engineers IPO?
The retail category is oversubscribed at 23.66x, meaning allotment is by lottery. Statistically, approximately 1 in 24 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 206.54x mean for DEE Development Engineers IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 206.54x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check DEE Development Engineers IPO allotment status?
After the allotment date (24 Jun, 2024), you can check your DEE Development Engineers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore DEE Development Engineers IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
