Dee Development Engineers Ltd IPO

Dee Development Engineers Ltd

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹122.00 (+60.10%)

Listing Gains

IPO Details

Bidding Dates

19 Jun - 21 Jun '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹193 - ₹203

Price Range

Issue Size

398 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

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:

  • 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.


    DEE Piping Systems Limited IPO Noteworthy Highlights

    • 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.


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


  • Comprehensive manufacturing capabilities with high installed capacity.
  • Strong client relationships and diversified revenue streams.


  • Dependency on a few major customers.
  • Exposure to market volatility in sectors like oil and gas.


  • Growth in renewable energy and infrastructure sectors.
  • Expansion into international markets leveraging existing facilities.


  • 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:

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.

Looking to invest in an IPO?

Open Demat Account at lowest Brokerage

Dee Development Engineers Ltd IPO FAQs

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.


Open Demat Account With TradeSmart

Lowest Brokerage Ever Trade @15 Per Order
Download TradeSmart App Now

Scan below QR Code
to download App

Open Demat Account