DEE Development Engineers IPO is scheduled to open on June 19 and will close on June 21. The company aims to raise approximately ₹418.01 crores through this IPO, which includes a fresh issue of ₹325 crores and an offer for sale of up to ₹93.01 crores, with each share priced at ₹10. The allocation for retail investors is set at 35%, for Qualified Institutional Buyers (QIB) at 50%, and for High Net-worth Individuals (HNI) at 15%.
DEE Development Engineers Limited is a specialized engineering company offering process piping solutions for various industries, including oil and gas, power (including nuclear), chemicals, and other process sectors. With over three and a half decades of manufacturing experience, the company has leveraged its strong brand, strategically located manufacturing facilities, and advanced engineering capabilities to successfully grow its business.
The company provides comprehensive process piping solutions, covering pre-bid engineering, basic engineering, detailed engineering, and support engineering for process and power piping systems. Their pre-fabrication services include cutting and beveling using both conventional and CNC machines, welding with semi-automatic and fully automatic robotic machines, conventional and digital radiography, post-weld heat treatment, hydro testing, pickling and passivation, grit blasting, and painting. They are proficient in handling a variety of complex metals, such as different grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, Inconel, and Hastelloy, throughout their manufacturing processes.
DEE Development Engineers IPO Objectives:
The company plans to use the net proceeds from the fresh issue for the following purposes:
- Funding the company’s working capital requirements
- Prepayment or repayment of all or part of certain outstanding borrowings
- General corporate purposes
DEE Development Engineers IPO Review (Apply or Not):
- Consider Applying
DEE Development Engineers IPO Date & Price Band Details:
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹418.01 Crores |
| Fresh Issue: | Approx ₹325 Crores |
| Offer for Sale: | Approx ₹93.01 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹193 to ₹203 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
DEE Development Engineers IPO Market Lot
The minimum market lot for the DEE Development Engineers IPO is 73 shares, requiring an application amount of ₹14,819. Retail investors can apply for up to 13 lots, which equates to 949 shares or an amount of ₹192,647.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 73 | ₹ 14,819 |
| Retail Maximum | 13 | 949 | ₹ 1,92,647 |
| S-HNI Minimum | 14 | 1022 | ₹ 2,07,466 |
| S-HNI Maximum | 67 | 4891 | ₹ 9,92,873 |
| B-HNI Minimum | 68 | 4964 | ₹ 10,07,692 |
DEE Development Engineers IPO Allotment & Listing Dates
The DEE Development Engineers IPO will open on June 19, 2024, and close on June 21, 2024. The allotment will be finalized on June 24, 2024, with the listing scheduled for June 26, 2024.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
Financial Report of DEE Development Engineers Company
| in Crore | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹ 513 | ₹ 504 | ₹ 14.21 |
| 2022 | ₹ 471 | ₹ 458 | ₹ 8.20 |
| 2023 | ₹ 614 | ₹ 594 | ₹ 12.97 |
| December 2023 | ₹ 558 | ₹ 539 | ₹ 14.34 |
DEE Development Engineers IPO Valuation – FY2023
Review the DEE Development Engineers IPO valuation details, including Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| Earning Per Share (EPS): | ₹2.45 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 3.14% |
| Net Asset Value (NAV): | ₹79.87 per Equity Share |
Peer Group:
ISGEC Heavy Engineering Limited
Company Promoters:
- Krishan Lalit Bansal
- Ashima Bansal
- DDE Piping Components Private Limited
DEE Development Engineers IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dde.ipo@linkintime.co.in
Website: Link Intime
DEE Development Engineers IPO Allotment Status Check
Check the DEE Development Engineers IPO allotment status on the Link Intime website. Click Here
DEE Development Engineers IPO Lead Managers (Merchant Bankers):
SBI Capital Markets Limited
Equirus Capital Private Limited
Company Address
DEE Development Engineers Limited
Unit 1, Prithla-Tatarpur Road,
Village Tatarpur,
Dist. Palwal, Faridabad-121102,
Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: DEE Piping
DEE Development Engineers IPO FAQs
What are the dates for the DEE Development Engineers IPO?
The DEE Development Engineers IPO will open on June 19, 2024, and close on June 21, 2024.
When will the allotment of shares be finalized?
The allotment of shares will be finalized on June 24, 2024.
When is the expected listing date for the DEE Development Engineers IPO?
The IPO is expected to be listed on June 26, 2024.
What is the price band for the DEE Development Engineers IPO?
The price band for the IPO is set at ₹203 per share.
How much is DEE Development Engineers planning to raise through the IPO?
DEE Development Engineers aims to raise approximately ₹418.01 crores through the IPO, including a fresh issue of ₹325 crores and an offer for sale of up to ₹93.01 crores.
What is the Grey Market Premium (GMP) for DEE Development Engineers IPO?
As of June 21, 2024, the GMP is ₹94.
What is the estimated listing price of the DEE Development Engineers IPO?
Based on the current GMP, the estimated listing price is ₹238 per share.
What is the expected gain per share?
The expected gain per share is approximately 17.24%.
What are the investment quotas for different investor categories?
The retail quota is 35%, the QIB (Qualified Institutional Buyers) quota is 50%, and the HNI (High Net Worth Individuals) quota is 15%.
What is the minimum and maximum investment allowed?
The specific minimum and maximum investment amounts depend on the number of shares allocated to each category and individual investment limits. Investors should refer to the IPO prospectus for detailed information.
What does DEE Development Engineers Limited do?
DEE Development Engineers Limited is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries. They offer a range of products and services including high-pressure piping systems, piping spools, industrial pipe fittings, and engineering services.
How long has DEE Development Engineers Limited been in business?
The company has over three and a half decades of manufacturing experience.
How can I apply for the DEE Development Engineers IPO?
Investors can apply for the IPO through their broker or through online IPO applications provided by their bank or brokerage firm. Detailed steps are usually provided on the platforms during the IPO period.
What documents do I need to apply for the IPO?
You will typically need a Demat account, PAN card, bank account details, and sufficient funds in your account. Ensure your KYC details are up to date.
How will I know if I have been allotted shares?
Investors will be notified of their allotment status through their registered email and SMS. Alternatively, they can check the allotment status on the IPO registrar’s website.
What should I do if I don’t receive any shares in the allotment?
If you do not receive any shares, the amount blocked in your bank account will be released/unblocked within a few days after the allotment is finalized.
Where will DEE Development Engineers shares be listed?
The shares will be listed on the stock exchanges specified in the IPO prospectus, typically the NSE and BSE.