Dee Development Engineers Ltd, a provider of piping solutions, had its shares listed on Wednesday at a premium of 67 percent against the issue price of Rs 203. The stock opened at Rs 325 on the BSE, which was a 60 percent increase from the issue price, and later rose by 80.14 percent to reach Rs 365.70. On the NSE, it began trading at Rs 339, marking a jump of 66.99 percent. The company’s market valuation was Rs 2,246.33 crore. The IPO of DEE Development Engineers was oversubscribed 99.56 times on the final day of subscription, with a total initial share sale worth Rs 418 crore, consisting of a fresh issue of up to Rs 325 crore and an offer for sale of up to 45,82,000 equity shares. The offer price ranged from Rs 193 to Rs 203 per share. Dee Development Engineers is an engineering company that provides specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. The company currently operates seven manufacturing facilities, with three located in Palwal, Haryana, and one each in Anjar, Gujarat, Barmer, Rajasthan, Numaligarh, Assam, and Bangkok, Thailand. Its customers include JGC Corporation, Nooter Eriksen, MAN Energy Solutions SE, Mitsubishi Heavy Industries, John Cockerill SA, Reliance Industries, HPCL-Mittal Energy Ltd, and Toshiba JSW Power Systems.