DEE Piping Systems IPO Allotment Status Update: Expected on June 24, 2024

DEE Piping Systems IPO Allotment Status to be Finalized on June 24, 2024

The highly anticipated DEE Piping Systems IPO has garnered significant attention from investors, with the subscription rate reaching an impressive 103.03 times. The IPO, which opened for subscription on June 19 and closed on June 21, saw enthusiastic buying across all segments.

Investors who participated in the IPO can expect the share allotment status to be finalized on Monday, June 24, 2024. Those who are allotted shares will see them credited to their demat accounts on Tuesday, June 25, while those who were not allotted shares can expect refunds on the same day.

To check the IPO allotment status, investors can visit Link Intime India Private Ltd’s website or BSE’s allotment status page and follow the instructions provided. The IPO was priced between Rs 193 and Rs 203 per share, with a lot size of 73 shares.

DEE Piping Systems aims to use the funds raised through the IPO for working capital needs, repayment of certain borrowings, and general corporate purposes. The company specializes in providing process piping solutions to industries such as oil and gas, power, and chemicals, with manufacturing facilities across India and Thailand.

Overall, the DEE Piping Systems IPO has generated significant interest from investors, and the final share allotment status will be eagerly awaited on Monday. Stay tuned for more updates on this exciting development in the stock market.