DEE Development Engineers Limited

DEE Development Engineers Limited

Mainboard

₹14,819 / 73 Shares

Offer Date:Jun 19, 2024 - Jun 21, 2024
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DEE Development Engineers Limited IPO Details

The DEE Development Engineers Limited IPO price band is set between ₹193-203 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 19 Jun, 2024 and closes on 21 Jun, 2024. Investors can check the allotment status on 24 Jun, 2024, while the listing date is tentatively scheduled for 26 Jun, 2024.

The total issue size is Total ₹418.01 Cr :#Fresh Issue : 16,009,852 shares, aggregating up to ₹325.00 Cr. Stay tuned for the latest DEE Development Engineers Limited IPO review and GMP updates.

DEE Development Engineers Limited IPO Review, Rating & Analysis

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DEE Development Engineers Limited IPO Highlights

IPO Date

Jun 19, 2024 - Jun 21, 2024

Listing Date

26 Jun, 2024

Face Value

₹10 Per Equity Share

Price Band

₹193-203 per equity share

Lot Size

73 Shares

Fresh Issue

16,009,852 Shares

Offer for Sale

4,582,000 shares of ₹10

Listing At

BSE, NSE

DEE Development Engineers Limited IPO Lot Size

The minimum market lot for DEE Development Engineers Limited IPO is 73 shares with an application amount of ₹14,819. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)173₹14,819
Retail (Max)13949₹1,92,647
S-HNI (Min)141022₹2,07,466
S-HNI (Max)674891₹9,92,873
B-HNI (Min)684964₹10,07,692

DEE Development Engineers Limited IPO Timeline

IPO Open Date
19 Jun, 2024
IPO Close Date
21 Jun, 2024
Basis of Allotment
24 Jun, 2024
Listing Date
26 Jun, 2024

Issue Price

₹193-203 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

SBI Capital Markets LimitedEquirus Capital Private Limited

Issue Size

Total ₹418.01 Cr :
#Fresh Issue : 16,009,852 shares(aggregating up to ₹325.00 Cr) +
#OFS : 4,582,000 shares of ₹10(aggregating up to ₹93.01 Cr)

DEE Development Engineers Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23966.26614.3212.97413.70408.17352.62
31 Mar 22845.40470.848.20401.37395.85285.36
31 Mar 21835.88513.0314.21448.50432.81257.17

All values are in ₹ Cr.

DEE Development Engineers Limited IPO Valuations

EPS Pre IPO

₹2.45/-

EPS Post IPO

₹2,77/-

PE Pre IPO

83

PE Post IPO

73.33

ROE

-

ROCE

3.91%

Debt Equity

0.85

RoNW

3.35%

PAT Margin

2.63

Price to Book Value

2.46

Promoters & Share Holding

Promoter(s) Name

  • Krishan Lalit Bansal
  • Ashima Bansal
  • DDE Piping Components Private Limited
Share Holding Pre IssueShare Holding Post Issue
100%N/A%

About Company

DEE Development Engineers Limited is an engineering company that provides specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing.

The company also manufactures and supplies piping products, including high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories. These accessories include boiler superheater coils, de-superheaters, and other customized manufactured components.

The company has seven manufacturing facilities in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three manufacturing facilities located in Palwal, Haryana.

The company's manufacturing facilities had a cumulative installed capacity of 70,875 MT for the nine months ended December 31, 2023, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.

The company recently expanded into a new business vertical, offering design, engineering, fabrication, and manufacturing of pilot plants at Palwal Facility III.

As of March 31, 2024, the company has 1,061 employees, including 54 highly skilled welders with certifications like CSWIP 3.0 and 3.1, AWS-CWI, and CWV, and 53 employees are highly skilled in non-destructive examination with certifications like NDE level II qualifications as per ASNT/SNT-TC-1A, and NDE level III qualifications as per BS EN ISO 9712.

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DEE Development Engineers Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,108,518
3,081,389

2,054,260    1,027,129
3,657,50014,379,814
Day 1 -19-06-24 05:00 PM
0.02 x
5.29

5.15 x   5.57 x
2.68 x2.51 x
Day 2 -20-06-24 05:00 PM
0.16 x
21.73

21.29 x   22.62 x
8.43 x9.00 x
Day 3 -21-06-24 05:00 PM
201.91 x
142.26

159.30 x   108.18 x
21.27 x98.09 x
Total No. of Applications:19,42,706 (Approx)

Company Contact Details

DEE Development Engineers Limited

Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad- 121102,

Phone: +91 1275 248345

Email: secretarial@deepiping.com

Website: https://www.deepiping.com/

Registrar Contact Details

Link Intime India Private Ltd

Frequently Asked Questions about DEE Development Engineers Limited IPO

When will DEE Development Engineers Limited IPO open for subscription?

The DEE Development Engineers Limited IPO opens on 19 Jun, 2024 and closes on 21 Jun, 2024.

What is the investors portion for DEE Development Engineers Limited IPO?

The investors' portion for QIB is 201.91 x, NII is 159.30 x, and Retail is 21.27 x.

How to apply for DEE Development Engineers Limited IPO?

You can apply for DEE Development Engineers Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of DEE Development Engineers Limited IPO?

The issue size of DEE Development Engineers Limited IPO is approx ₹Total ₹418.01 Cr :#Fresh Issue : 16,009,852 shares(aggregating up to ₹325.00 Cr) +#OFS : 4,582,000 shares of ₹10(aggregating up to ₹93.01 Cr) crores.

What is the price band of DEE Development Engineers Limited IPO?

The price band for DEE Development Engineers Limited IPO is ₹193 to ₹203 per equity share.

What is the lot size of DEE Development Engineers Limited IPO?

The minimum bid (lot size) for DEE Development Engineers Limited IPO is N/A shares with an investment of approx ₹14,819 .

What is the allotment date of DEE Development Engineers Limited IPO?

The allotment date for DEE Development Engineers Limited IPO is 24 Jun, 2024.

What is the listing date of DEE Development Engineers Limited IPO?

The listing date for DEE Development Engineers Limited IPO is expected to be 26 Jun, 2024.

What is the GMP of DEE Development Engineers Limited IPO?

The latest Grey Market Premium (GMP) for DEE Development Engineers Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

DEE Development Engineers Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK