DEE Development Engineers Limited IPO: What Investors Need to Know

Key Details About DEE Development Engineers Limited

DEE Development Engineers Limited, founded in 1988, is a prominent player in providing specialized process piping solutions for industries such as oil and gas, power, and chemicals. The company's product portfolio includes 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 custom components like boiler superheater coils and de-superheaters.

The company operates seven manufacturing facilities located in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand). These facilities have a combined installed capacity of 70,875 metric tons as of the end of 2023. With a workforce of 1,061 skilled employees, DEE Development Engineers Limited prides itself on its expertise and quality in welding and non-destructive examination.

Note: For More details read DEE Development Engineers ltd. DRHP

Financial Performance Snapshot

IPO Details

DEE Development Engineers Limited (DEE Piping Systems) is preparing to launch its Initial Public Offering (IPO), which offers investors a chance to buy into one of the leaders in process piping solutions. The IPO will feature a fresh issue of shares worth up to ₹3,250 million and an offer for sale of up to 7.9 million shares by the promoter, Krishan Lalit Bansal. Each share has a face value of ₹10, with the final price band yet to be determined. The shares will be listed on the BSE and NSE.

IPO Timeline and Lot Sizes

Investors should note the following key dates and lot sizes for the DEE Development Engineers Limited IPO:

• IPO Open Date: June 19, 2024
• IPO Close Date: June 21, 2024
• Allotment Date: June 24, 2024
• Refunds Initiation: June 25, 2024
• Shares Credited to Demat: June 25, 2024
• Listing Date: June 26, 2024

DEE Piping Systems IPO Subscription Details

DEE Piping Systems IPO GMP Live Rates and Kostak Rates Daily Updates

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Use of IPO Proceeds

The funds raised from the IPO will be used for:

1. Meeting working capital requirements.
2. Repaying or prepaying certain borrowings.
3. General corporate purposes.

Investment Potential

DEE Development Engineers Limited represents a solid investment opportunity, given its established market position and consistent financial growth in the specialized process piping sector. The company's strategic direction and financial stability make it an attractive option for investors looking to diversify their portfolio with a reliable growth prospect.

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