Announced Wed, 1 Jul · 23:54 IST
In-principle approval for preferential issue of 59.76 lakh shares at Rs 502
Fund Raising View source PDF
DEEDEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+5.0%1-day move
₹675.55
prior close
₹709.30
base price
After-mkt
timing
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Up moveDown movePending
AI summary
DEE Development Engineers has received in-principle approval from BSE and NSE to issue 59,76,096 equity shares at Rs 502 each (face value Rs 10, premium Rs 492) on a preferential basis to promoters and non-promoters. Total issue size is about Rs 300 crore. The company must now complete allotment and apply for listing within 20 days of allotment.
Likely market impact
Potential dilution of existing shareholders as new shares will be issued; equity base will expand post-allotment.