IPO Price Details 2024 Update; Akme Fintrade India IPO | DEE Development Engineers IPO | Acme Fintrade’s IPO filled 11.72 times in 2 days: DEE Development Engineers’ issue also subscribed 9.43 times, today is the last chance to invest.

Today is the last day to invest in the Initial Public Offer (IPO) of Acme Fintrade India Limited and DEE Development Engineers Limited. Acme Fintrade’s IPO was subscribed a total of 11.72 times in two days. The issue was subscribed 15.31 times in the retail category, 0.17 times in the Qualified Institutional Buyers (QIB) category and 22.28 times in the Non-Institutional Investors (NII) category.

At the same time, DEE Development’s IPO was subscribed 9.43 times in two days. This issue was subscribed 8.90 times in retail category, 0.16 times in QIB and 22.67 times in NII category. Shares of both the companies will be listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on June 26.

Let us now know about the IPOs of these two companies one by one:-

1. Acme Fintrade India Limited
Acme Fintrade India Limited wants to raise a total of ₹132 crore through this IPO. For this, the company is issuing 11,000,000 new shares worth ₹ 132 crore. In this, the existing investors of the company are not selling even a single share through Offer for Sale i.e. OFS.

You can bid for maximum 1625 shares
The price band of this issue has been fixed at ₹114-₹120. Retail investors can bid for a minimum of one lot i.e. 125 shares. If you apply for 1 lot at the upper price band of IPO at ₹120, you will have to invest ₹15,000.

At the same time, retail investors can apply for maximum 13 lots i.e. 1625 shares. For this, investors will have to invest ₹ 195,000 as per the upper price band.

Acme Fintrade India premium in gray market 25%
Before listing, the company’s shares have reached a premium of 25% i.e. ₹ 30 per share in the gray market. In such a situation, according to the upper price band of ₹ 120, it can be listed at ₹ 150. Although this can only be a guess, the listing price of a share is quite different from the gray market price.

2. DEE Development Engineers Limited
DEE Development wants to raise a total of ₹418.01 crore through this IPO. For this, the company is issuing 16,009,852 new shares worth ₹325 crore. At the same time, the existing investors of the company are selling 4,582,000 shares worth ₹ 93.01 crore through Offer for Sale i.e. OFS.

Retail investors can bid for maximum 949 shares
DEE Development has fixed the price band of this issue at ₹193-₹203. Retail investors can bid for a minimum of one lot i.e. 73 shares. If you apply for 1 lot as per the upper price band of IPO of ₹ 203, then you will have to invest ₹ 14,819.

At the same time, retail investors can apply for maximum 13 lots i.e. 949 shares. For this, investors will have to invest ₹ 192,647 as per the upper price band.

DEE Development Engineers’ premium in gray market is 46.31%
The company’s shares have reached a premium of 46.31% i.e. ₹ 94 per share in the gray market. In such a situation, according to the upper price band of ₹ 203, its listing can be at ₹ 297. Although this can only be a guess, the listing price of a share is quite different from the gray market price.

DEE Development Engineers was established in 1988
DEE Development is an engineering company, established in 1988. The company provides specialized process piping solutions to the Oil & Gas, Power, Chemical and other industries through engineering, procurement and manufacturing. The company has 7 manufacturing facilities in Haryana, Gujarat, Rajasthan, Bangkok and Thailand.

What is IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or issuing new shares. For this the company brings IPO.