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DEE Development Engineers IPO Soars on Market Debut

DEE Development Engineers IPO Soars on Market Debut

Shares of DEE Development Engineers surged on their market debut, listing at a 66.9% premium on the NSE at ₹339 per share and a 60% gain on the BSE at ₹325. The IPO, priced between ₹193-₹203 per share, included a fresh issue of ₹325 crore and an offer for sale worth ₹93.01 crore. The ₹418-crore issue was heavily oversubscribed, with investors showing strong interest: QIBs subscribed 201.91 times, NIIs 114 times, and retail investors 23.42 times their allotted quotas.

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