Issue price: ₹502 per share (including premium of ₹492 per share)
Total issue size: Approximately ₹300.00 crore (59,76,096 shares × ₹502)
Parties Involved
Issuer: DEE Development Engineers Limited
Regulatory authorities: BSE Limited and National Stock Exchange of India Limited
Allottees: Promoter and Non-Promoters (Public)
Conditions and Requirements
BSE Conditions:
Listing application must be made without delay after allotment with applicable fees under Regulation 14 of LODR
Compliance with all applicable laws and regulations including Companies Act, SEBI regulations
Strengthen internal controls to monitor trades by proposed allottees
Obtain undertakings from allottees confirming they will not do intra-day trading or any sale in the company scrip till allotment date
Responsibility solely on issuer company to verify compliance with Regulation 167(6) of SEBI ICDR regulations
Application for listing must be made within twenty days from date of allotment as per SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023
NSE Conditions:
Filing listing application at earliest from date of allotment
Receipt of statutory approvals from SEBI, RBI, MCA etc.
Compliance with all applicable guidelines and regulations
Submission of required documents and payment of applicable fees
Same internal control requirements and undertaking obligations as BSE
Additional Information
Company website: https://www.deepiping.com/announcement-exchange-filings.php
Company registration: CIN: L74140HR1988PLC030225
GST Registration No.: 06AACCD0207HIZA
Impact and Implications
The in-principle approval does not guarantee final listing approval
Exchange reserves right to withdraw approval if information is found incomplete/incorrect/misleading/false
Non-compliances may impact listing of the shares
Company must comply with all post-issue formalities and listing requirements
