Dee Development Engineers Ltd IPO
Dee Development Engineers Ltd
IPO Listing Details
Listed On
BSE & NSE
Listed On
Issue Price
₹203
Issue Price
Listing Price
₹325
Listing Price
Listing Gains
+₹122.00 (+60.10%)
Listing Gains
IPO Details
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
Subscription Rate
- Retail Individual Investor23.42x
- Non-Institutional Investor144.00x
- Qualified Institutional Buyers201.91x
- Employees44.73x
About Company
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.
Important Dates - DEE Piping Systems IPO Limited IPO
| 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 |
Financial Snapshot - DEE Piping Systems Limited IPO
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 |
Why should you invest in Dee Development Engineers Ltd IPO?
Investing in DEE Development Engineers IPO presents a compelling opportunity for several reasons:
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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.
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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.
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Expansion Plans: Utilization of IPO proceeds for working capital, debt repayment, and general corporate purposes underscores growth ambitions and operational efficiency enhancements.
DEE Piping Systems Limited IPO Noteworthy Highlights
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Product Diversification: Extensive range including critical infrastructure components and bespoke solutions.
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Operational Footprint: Seven state-of-the-art manufacturing facilities across strategic locations, enhancing logistical efficiency and scalability.
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Strategic Initiatives: Recent foray into designing and manufacturing pilot plants underscores innovation and adaptability.
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DEE Piping Systems Limited IPO Grey Market Premium
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 |
Dee Development Engineers Ltd IPO - SWOT Analysis
Strengths:
- Comprehensive manufacturing capabilities with high installed capacity.
- Strong client relationships and diversified revenue streams.
Weaknesses:
- Dependency on a few major customers.
- Exposure to market volatility in sectors like oil and gas.
Opportunities:
- Growth in renewable energy and infrastructure sectors.
- Expansion into international markets leveraging existing facilities.
Threats:
- Technological obsolescence.
- Regulatory changes impacting operational dynamics.
How to apply for Dee Development Engineers Ltd IPO?
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.
