DEE Development Engineers Limited IPO
DEE Development Engineers Limited IPO bidding starts from June 19, 2024 and ends on June 21, 2024. The allotment for the DEE Development Engineers Limited IPO is expected to be finalized on June 24, 2024. DEE Development Engineers Limited IPO will list on BSE, NSE with tentative listing date fixed as June 26, 2024. DEE Development Engineers Limited IPO price band is set at ₹193 to ₹203 per share. The minimum lot size for an application is 73 Shares. The minimum amount of investment required by retail investors is ₹14,819.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | June 19, 2024 |
Close Date:- | June 21, 2024 |
Allotment Date:- | June 24, 2024 |
Listing Date:- | June 26, 2024 |
About DEE Development Engineers Limited :-
Founded in 1988, DEE Development Engineers Limited is an engineering company specializing in process piping solutions for various industries, including oil and gas, power (nuclear included), chemicals, and other process industries. The company offers comprehensive services in engineering, procurement, and manufacturing.
DEE Development Engineers Limited manufactures and supplies a range of piping products, such as 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 like boiler superheater coils and de-superheaters. Additionally, the company provides other customized manufactured components.
The company operates seven manufacturing facilities: three in Palwal, Haryana; one in Anjar, Gujarat; one in Barmer, Rajasthan; one in Numaligarh, Assam; and one in Bangkok, Thailand.
For the nine months ending December 31, 2023, the cumulative installed capacity of these facilities was 70,875 MT, with annual capacities of 94,500 MT in Fiscal 2023, 91,500 MT in Fiscal 2022, and 86,500 MT in Fiscal 2021.
Recently, DEE Development Engineers Limited expanded into a new business vertical at its Palwal Facility III, focusing on the design, engineering, fabrication, and manufacturing of pilot plants.
As of March 31, 2024, the company employs 1,061 individuals, including 54 highly skilled welders certified with CSWIP 3.0 and 3.1, AWS-CWI, and CWV qualifications. Additionally, 53 employees are certified in non-destructive examination, holding NDE level II qualifications as per ASNT/SNT-TC-1A and NDE level III qualifications as per BS EN ISO 9712.
Contact Details :-
Address:- DEE Development Engineers Limited Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad- 121102,
Phone:- +91 1275 248345
E-mail:- secretarial@deepiping.com
Website:- https://www.deepiping.com/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | Mainline |
Price:- | ₹193 to ₹203 |
Lot Size:- | 73 |
Minimum Amount for 1 Lot:- | ₹14,819 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 2,05,91,852 |
Total issue Size:- | ₹418.01 Crore |
Fresh issue of Shares:- | 1,60,09,852 |
Fresh issue Size:- | ₹325 Crore |
Offer for Sale issue of Shares:- | 45,82,000 |
Offer for Sale issue Size:- | ₹93.01 Crore |
Face Value:- | ₹10 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
---|---|---|---|---|
Assets | 1,171.01 | 966.26 | 845.40 | 835.88 |
Revenue | 557.86 | 614.32 | 470.84 | 513.03 |
Profit After Tax | 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 Borrowing | 407.14 | 352.62 | 285.36 | 257.17 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 1,401 |
ROE:- | 3.91% |
Debt/Equity:- | 0.85 |
RoNW:- | 3.35% |
IPO Registrar :-
Name:- Link Intime India Private Ltd
Website:- https://linkintime.co.in/initial_offer/public-issues.html
IPO Prospectus :-
Particulars | Link |
---|---|
DEE Development Engineers Limited IPO DHRP:- | Click Here |
DEE Development Engineers Limited IPO RHP:- | Click Here |
Allotment Status:-
Particulars | Link |
---|---|
Check Allotment Status (available on June 24, 2024) | Click Here |
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