Listed On
BSE & NSE
Listed On
Issue Price
₹203
Issue Price
Listing Price
₹325
Listing Price
Listing Gains
+₹122.00 (+60.10%)
Listing Gains
Bidding Dates
19 Jun - 21 Jun '24
Bidding Dates
Min. Investment
₹14,089
Min. Investment
Lot Size
73.00
Lot Size
Price Range
₹193 - ₹203
Price Range
Issue Size
398 Cr
Issue Size
DEE Development Engineers Limited, established in 1988, stands as a premier engineering firm specializing in providing cutting-edge process piping solutions. With a strong foothold in sectors such as oil and gas, power (including nuclear), and chemicals, DEE Development Engineers has carved out a niche for itself through its expertise in engineering, procurement, and manufacturing. The company's diverse product portfolio includes high-pressure piping systems, piping spools, industrial stacks, and specialized components like boiler superheater coils and de-superheaters.
Operating across seven state-of-the-art manufacturing facilities in locations including Palwal, Haryana; Anjar, Gujarat; and Bangkok, Thailand, DEE Development Engineers boasts an impressive total installed capacity of 70,875 metric tons as of 2023. This infrastructure supports the company's commitment to delivering high-quality products that meet stringent global standards.
Application opens on | 19th June 2024 |
Last date of application | 21st June 2024 |
Date of Allotment | 24th June 2024 |
Refund begins from | 25th June 2024 |
Credit of shares to Demat | 25th June 2024 |
Listing date | 26th June 2024 |
Check out the financial performance of DEE Piping Systems for recent years:
Financial Year | Total Assets | Total Revenues | Net Profit |
---|---|---|---|
March 2021 | Rs 835.88 crore | Rs 513.03 crore | Rs 14.21 crore |
March 2022 | Rs 845.40 crore | Rs 470.84 crore | Rs 8.20 crore |
March 2023 | Rs 966.26 crore | Rs 614.32 crore | Rs 12.97 crore |
Investing in DEE Development Engineers IPO presents a compelling opportunity for several reasons:
Strong Market Position: As a key player in specialized engineering solutions, DEE Development enjoys a strategic advantage with a diverse client base and robust order book.
Financial Performance: Demonstrating robust growth, the company reported a revenue of ₹614.3 crore in FY 2022-23, marking a 30% increase from the previous fiscal. Profit after tax also surged by 58% to ₹12.9 crore in the same period.
Expansion Plans: Utilization of IPO proceeds for working capital, debt repayment, and general corporate purposes underscores growth ambitions and operational efficiency enhancements.
Product Diversification: Extensive range including critical infrastructure components and bespoke solutions.
Operational Footprint: Seven state-of-the-art manufacturing facilities across strategic locations, enhancing logistical efficiency and scalability.
Strategic Initiatives: Recent foray into designing and manufacturing pilot plants underscores innovation and adaptability.
Investors keen on DEE Development Engineers IPO have shown significant interest in the Grey Market. As of recent trends:
Date | GMP |
---|---|
13h June | Rs.40 |
12th June | Rs.37 |
11th May | Rs.37 |
Strengths:
Weaknesses:
Opportunities:
Threats:
You can apply for the Dee Development Engineers Ltd IPO in these ways:
UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Demat Account
1. If you are an Existing TradeSmart demat account holder and wish to apply for an Dee Development Engineers Ltd click here.
2. If you don't have a TradeSmart Account? Sign up.
What is the issue size of DEE Development Engineers IPO?
DEE Development Engineers IPO consists of a mix of fresh issuance of 1.6 crore shares valued at ₹325 crore and an offer for sale (OFS) of shares worth ₹93 crore, totaling ₹418 crore.
What is the price band for DEE Development Engineers IPO?
The price band for DEE Development Engineers IPO is set at ₹193 to ₹204 per equity share.
When will DEE Development Engineers IPO open for subscription?
DEE Development Engineers IPO will open for subscription from June 19 to June 21.
Who are the lead managers for DEE Development Engineers IPO?
The book-running lead managers for the issue are Equirus Capital Private Limited and SBI Capital Markets Limited.
How can I apply for DEE Development Engineers IPO?
Investors can apply for DEE Development Engineers IPO through their respective stock brokers using ASBA (Applications Supported by Blocked Amount) facility provided by banks.
What are the objectives of the IPO proceeds for DEE Development Engineers?
The net proceeds generated from the IPO will be utilized for funding working capital requirements, prepayment or repayment of certain outstanding borrowings, and general corporate purposes.
How is DEE Development Engineers IPO Grey Market Premium (GMP) determined?
Grey Market Premium (GMP) for DEE Development Engineers IPO is determined based on demand and supply dynamics in the unofficial grey market where shares are traded before official listing.
Where will DEE Development Engineers IPO shares be listed?
DEE Development Engineers IPO shares will be listed on both BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) after the IPO process concludes.
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