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

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

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.