DEE Development IPO Details ( DEE Development Engineers Limited IPO Review )
(19 June 2024 – 21 June 2024)
Founded in 1988, DEE Development Engineers Limited specializes in providing advanced process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and more. The company excels in engineering, procurement, and manufacturing.
Products and Services: DEE Development Engineers Limited manufactures and supplies a wide range of piping products, including:
- 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
- Customized accessories like boiler superheater coils and de-superheaters
Manufacturing Facilities: The company operates seven manufacturing facilities located in:
- Palwal, Haryana (three facilities)
- Anjar, Gujarat
- Barmer, Rajasthan
- Numaligarh, Assam
- Bangkok, Thailand
Production Capacity: As of December 31, 2023, DEE Development Engineers Limited had a cumulative installed capacity of 70,875 MT. Their annual capacities were:
- 94,500 MT in Fiscal 2023
- 91,500 MT in Fiscal 2022
- 86,500 MT in Fiscal 2021
New Ventures: The company recently ventured into a new business area, offering design, engineering, fabrication, and manufacturing of pilot plants at their third facility in Palwal.
Skilled Workforce: As of March 31, 2024, DEE Development Engineers Limited employs 1,061 people, including:
- 54 highly skilled welders with certifications like CSWIP 3.0, 3.1, AWS-CWI, and CWV
- 53 experts in non-destructive examination with NDE level II and III qualifications as per ASNT/SNT-TC-1A and BS EN ISO 9712 standards.
For more information about our products and services, contact DEE Development Engineers Limited today.
DEE Development Engineers Limited IPO Competitive Strength
- Leading player in an industry with significant barriers to entry
- Largest player in process piping solutions in India, in terms of installed capacity, providing specialized process piping solutions with strategically located state-of-the-art Manufacturing Facilities
- Long standing customer relationships with a strong order book
- Wide range of specialized product offerings and services making us a comprehensive solution provider for our diversified customers spread across geographies and sectors
- Strong focus on automation and process excellence with an experienced engineering team to drive operational efficiencies
- Experienced and dedicated promoter and professional management team with extensive domain knowledge
DEE Development IPO Financials Performance ( Results )
DEE Development Engineers Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 835.88 | 513.03 | 14.21 | 448.50 | 432.81 | 257.17 |
| 31-Mar-22 | 845.40 | 470.84 | 8.20 | 401.37 | 395.85 | 285.36 |
| 31-Mar-23 | 966.26 | 614.32 | 12.97 | 413.70 | 408.17 | 352.62 |
| 31-Dec-23 | 1,171.01 | 557.86 | 14.34 | 428.19 | 380.23 | 407.14 |
Objective of DEE Development IPO Issue
- Funding working capital requirements of the Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes
DEE Development Engineers IPO Basic Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹193 to ₹203 per share |
| Lot Size | 73 shares |
| Issue Size | 20,591,852 shares of ₹10 (aggregating up to ₹418.01 Cr) |
| Fresh Issue | 16,009,852 shares of ₹10 (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 4,582,000 shares of ₹10 (aggregating up to ₹93.01 Cr) |
| Employee Discount | Rs 19 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 53,039,140 |
| Share holding post issue | 69,048,992 |
| Company Promoters | Krishan Lalit Bansal Ashima Bansal and Dde Piping Components Private Limited |
DEE Development Engineers IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
DEE Piping Systems IPO Timetable
DEE Piping Systems IPO will open on June 19, 2024 and close on June 21, 2024. You can join DEE Piping Systems IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 19 June 2024 (Wednesday) |
| Closing Date | 21 June 2024 (Friday) |
| Basis of Allotment | 24 June 2024 (Monday) |
| Initiation of Refunds | 25 June 2024 (Tuesday) |
| Credit of Shares to Demat | 25 June 2024 (Tuesday) |
| Listing Date | 26 June 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 21 June 2024 |
DEE Piping IPO Lot Size
For retail investors in DEE Piping IPO, 73 shares will come in 1 lot or the minimum investment will be ₹14,819. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹192,647.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 73 | ₹14,819 |
| Retail (Max) | 13 | 949 | ₹192,647 |
| S-HNI (Min) | 14 | 1,022 | ₹207,466 |
| S-HNI (Max) | 67 | 4,891 | ₹992,873 |
| B-HNI (Min) | 68 | 4,964 | ₹1,007,692 |
DEE Piping Systems IPO Promoter Holding
The company’s promoters include Krishan Lalit Bansal Ashima Bansal and Dde Piping Components Private Limited.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
DEE Piping Systems Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 1401.69 |
| Earning Per Share (EPS) | ₹2.45 per Equity Share |
| Net Asset Value (NAV) | ₹79.87 per Equity Share |
| P/E Ratio (P/E) (x) | 83.00 |
| Post P/E Ratio (P/E) (x) | 73.33 |
| Return on Net Worth (RoNW) (%) | 3.35 |
| Return on Capital Employed (ROCE) (%) | 3.91 |
| Debt/Equity Ratio | 0.85 |
| Price/Book Value Ratio | 2.46 |
DEE Piping Systems IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹80 | – | – |
| 18 June 2024 | ₹70 | – | – |
DEE Piping Systems IPO Detail Video:
link
DEE Piping IPO Subscription Status (Bidding Detail)
The DEE Piping IPO on June 21, 2024 at 7:02:00 PM was subscribed 103.03 times, with the retail category being subscribed 23.66 times, the NII (Non-Institutional Investor) category being subscribed 149.38 times, QIB (Qualified-Institutional Buyers) category being subscribed 206.54 times.
| Category | Subscription |
| QIB | 206.54x |
| NII | 149.38x |
| Retail | 23.66x |
| Total | 103.03x |
DEE Development Engineers IPO Prospectus
| DEE Development Engineers IPO DRHP | Download |
| DEE Development Engineers IPO RHP | Download |
| DEE Development Engineers IPO Anchor Investors Details PDF | Download |
DEE Development IPO Rating
| Our Rating | 3.5/5.0 |
DEE Development Engineers Company Contact Information
DEE Development Engineers Limited
Registered and Corporate Office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad, Haryana – 121102, India
Contact Person: Ranjan Kumar Sarangi, Company Secretary and Compliance Officer
Tel: +91 1275 248345
E-mail: secretarial@deepiping.com
Website: www.deepiping.com
Corporate Identity Number: U74140HR1988PLC030225
Our Promoters: Krishan Lalit Bansal Ashima Bansal and Dde Piping Components Private Limited
DEE Development Engineers IPO Registrar
Link Intime India Private Limited
Registered Office: C 101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West), Maharashtra, India 400083
Tel: +91-8108114949
E-mail: dde.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: dde.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
DEE Development Engineers IPO Lead Manager
SBI Capital Markets Limited
Registered Office: 1501, 15th Floor, A & B Wing, Parinee Crescenzo, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India
Tel.: +91 22 4006 9807
E-mail : dee.ipo@sbicaps.com
Website: www.sbicaps.com
Investor grievance e-mail: investor.relations@sbicaps.com
Contact Person: Janardhan Wagle/ Krithika Shetty
SEBI Registration Number: INM000003531
Equirus Capital Private Limited
Registered Office: 12th Floor, C Wing, Marathon Futurex, N.M. Joshi Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Tel.: +91 22 4332 0732
E-mail: dee.ipo@equirus.com
Website: www.equirus.com
Investor grievance e-mail: investorsgrievance@equirus.com
Contact person: Ankesh Jain/Jenny Bagrecha
SEBI Registration Number: INM000011286
DEE Development Engineers IPO FAQs
What is the lot size of DEE Development Engineers IPO?
The total size of DEE Development Engineers IPO is ₹418.01 crores out of which ₹325.00 crores is fresh issue and ₹93.01 crores is offer for sale (OFS).
When will DEE Development Engineers IPO start?
DEE Development Engineers IPO will open from 19 June 2024 and IPO will close on 21 June 2024.
What is the open date of DEE Development Engineers IPO?
DEE Development Engineers IPO will open date from 19 June 2024.
What is the last date ( close date ) of DEE Development Engineers IPO?
DEE Development Engineers IPO will close from 21 June 2024.
What is the price band of DEE Development Engineers IPO?
DEE Development Engineers IPO price band is ₹193 to ₹203. ( Upper Price Band: ₹203, Lower Price Band: ₹193 )
What is the minimum amount required to apply for DEE Development Engineers IPO?
The minimum investment for retailers to apply for DEE Development Engineers IPO is ₹14,819 and the maximum investment is ₹192,647.
What is going on gray market premium of DEE Development Engineers IPO?
View gray market premium of DEE Development Engineers IPO by Clicking Here
How much is the GMP of DEE Development Engineers IPO?
Watch DEE Development Engineers IPO GMP Today: Click Here
What is the allotment date of DEE Development Engineers IPO?
The allotment date of DEE Development Engineers IPO is 24 June 2024.
How to check allotment status in DEE Development Engineers IPO?
To check the allotment status of DEE Development Engineers IPO, first of all go to the registrar website by clicking here, select your bad DEE Development Engineers IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of DEE Development Engineers IPO?
The listing date of DEE Development Engineers IPO is 26 June 2024.
How much will be the listing gain in DEE Development Engineers IPO?
View listing gain of DEE Development Engineers IPO by Clicking Here
How much time DEE Development Engineers IPO is subscribed?
Total 103.03 times subscribed in DEE Development Engineers IPO out of which 23.66 times subscription was done in retail quota, 149.38 times subscription in NII quota and 206.54 times subscription in QIB quota.
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