Friday, September 28, 2018

Dinesh Engineers IPO Subscribed 0.17 Times; QIB 0.00, HNI 0.43 & Retail 0.29 Times

 Friday, September 28, 2018  
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Note: Dinesh Engineers withdraws IPO after weak response from the investors and due to weak market sentiments.

Dinesh Engineers IPO to hit the market on 28th September and ends on 3rd October. As the market is falling and gmp still not started we can expect another non interested ipo for the investors. IRCON which was a first in this month got an average subscription and listed with 10% fall on the first day. Garden Reach dates extended and Aavas was subscribed just 97% it means investors are not interested in any investment in this choppy market. Still the company perspective we can say Dinesh Engineers will be a good bet for longer term only. Check Dinesh Engineers ipo gmp by day to day.

Dinesh Engineers IPO Subscription Numbers
(Subscribed 17%)

Category Day 1 Day 2 Day 3
QIB 0.00 0.00 0.00
HNI 0.21 0.30 0.43
RII 0.06 0.10 0.29
EMP N/A N/A N/A
Total 0.05 0.08 0.17

Dinesh Engineers IPO Review:
  • Apply for Long Term
Dinesh Engineers IPO Dates & Price Band:
  • IPO Open: 28-September-2018
  • IPO Close: 03-October-2018
  • IPO Size: Approx Rs. 185 Crore (Approx)
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 183 to 185 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity: 10,000,000 Shares
Dinesh Engineers IPO Market Lot:
  • Shares: Apply for 80 Shares (Minimum Lot Size)
  • Amount: Rs.14,800
Dinesh Engineers IPO Allotment & Listing:
  • Basis of Allotment: 09-October-2018
  • Refunds: 10-October-2018
  • Credit to demat accounts: 11-October-2018
  • Listing: 12-October-2018

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