DEE Development Engineers Limited IPO: Financial Analysis, Opening Dates, GMP & Subscription Details

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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

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Total Assets ₹1,171.01 ₹966.26 ₹845.40 ₹835.88
Revenue ₹557.86 ₹614.32 ₹470.84 ₹513.03
Net Profit ₹14.34 ₹12.97 ₹8.20 ₹14.21
Net Worth ₹428.19 ₹413.70 ₹401.37 ₹448.50
Reserves and Surplus ₹380.23 ₹408.17 ₹395.85 ₹432.81
Total Borrowings ₹407.14 ₹352.62 ₹285.36 ₹257.17

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
Application Lots Shares Amount
Retail (Min) 1 73 ₹14,819
Retail (Max) 13 949 ₹192,647
S-HNI (Min) 14 1,022 ₹207,466
S-HNI (Max) 67 4,891 ₹992,873
B-HNI (Min) 68 4,964 ₹1,007,692

DEE Piping Systems IPO Subscription Details

Category Subscription (times) Shares Offered Shares bid for
QIB 206.5 41,08,518 1,022
NII 149.4 30,81,389 40,71,575
Retail 23.6 71,89,907 95,64,168
Total 103.2 1,43,79,814 1,38,86,425

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

Stay informed with the latest Grey Market Premium (GMP) and Kostak rates for the Duralex Top Surface Limited IPO. Below are the daily updates:

Date IPO GMP Kostak Subject to
Today ₹95 ₹- ₹-
20 June ₹95
19 June ₹85 - -
18 June ₹50 ₹- ₹-
17 June ₹50 ₹- ₹-
14 June ₹40 ₹- ₹-
13 June ₹40 ₹- ₹-
12 June ₹37 ₹- ₹-

Get daily insights into the premium investors are willing to pay over the IPO price and the rates for trading IPO applications before allotment.

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.

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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.

 

DEE Development Engineers Limited IPO Headlines

  1. "DEE Development Engineers Limited IPO: Key Details and Investment Insights"
  2. "Everything You Need to Know About DEE Development Engineers Limited IPO"
  3. "DEE Development Engineers Limited IPO Launch: Dates, Financials, and More"
  4. "Investing in DEE Development Engineers Limited IPO: A Comprehensive Guide"
  5. "Upcoming DEE Development Engineers Limited IPO: What Investors Should Know"
  6. "DEE Piping Systems IPO Limited IPO: Key Details
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