DEE Development Engineers Ltd
Price Range
₹193 - ₹203
Min. Quantity
73
Closes on
21 June 2024
Min. investment
₹14,819/949 Shares
DEE Development Engineers Ltd IPO Timeline
Dee Development Engineers Ltd was originally incorporated as 'DE Development Engineers Private Limited' a Private Limited Company through a Certificate of Incorporation dated March 21, 1988, issued by the RoC. Thereafter, the name of Company was changed to 'DEE Development Engineers Private Limited' dated January 8, 1998 issued by the RoC to reflect the change in name. Thereafter, Company converted into Public Limited and the name was changed to 'DEE Development Engineers Limited' vide fresh Certificate of Incorporation dated March 11, 2010, was issued by the RoC.
| Event | Date |
|---|---|
| DEE Development Engineers Ltd IPO Opening Date | 19 June 2024 |
| DEE Development Engineers Ltd IPO Closing Date | 21 June 2024 |
| Basis of Allotment | 24 June 2024 |
| Initiation of Refunds | 25 June 2024 |
| Credit of Shares to Demat | 25 June 2024 |
| DEE Development Engineers Ltd IPO Listing Date | 26 June 2024 |
DEE Development Engineers Ltd IPO Details
| DEE Development Engineers Ltd IPO Date | 19 June 2024 to 21 June 2024 |
| DEE Development Engineers Ltd IPO Face Value | ₹10 per share |
| DEE Development Engineers Ltd IPO Price | ₹193 to ₹203 per share |
| DEE Development Engineers Ltd IPO Lot Size | 73 |
| Issue Size | Shares of ₹10 (aggregating up to ₹418.01 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹325 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹93.01 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 42,02,690 of the Net Offer |
| Retail Shares Offered | Not less than 74,79,348 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 32,05,435 of the Net Offer |
| Company Promoters | Krishan Lalit Bansal, Ashima Bansal, DDE Piping Components Pvt Ltd |
DEE Development Engineers Ltd IPO Lot Size
The DEE Development Engineers Ltd IPO lot size is 73 shares. A retail-individual investor can apply for up to 13 lots (949 shares or ₹1,92,647).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 73 | ₹14,819 |
| Maximum | 13 | 949 | ₹1,92,647 |
- Strengths
- Risks
- Opportunities
- 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 it a comprehensive solution provider for its 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 Promoters and professional management team with extensive domain knowledge.
Company Financials
DEE Development Engineers Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,147.14 | 665.47 | 19.82 |
| 03-2023 | 907.58 | 525.5 | 18.59 |
| 03-2022 | 790.29 | 388.01 | 12.31 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and its subsidiary DEE Piping Systems (Thailand) Co Ltd and DEE Fabricom India Pvt Ltd
- General corporate purposes
DEE Development Engineers Ltd IPO Promoter Holding
| Pre Issue Share Holding | 74.74% |
| Post Issue Share Holding | 50.77% |
DEE Development Engineers Ltd IPO Subscription Status (Bidding Detail)
The DEE Development Engineers Ltd IPO is subscribed 99.56 times on 21 June 2024 05:00:00 PM. The public issue subscribed 23.42 times in the retail category, 201.91 times in the QIB category, and 144 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 201.91 | 144 | 23.42 | 44.73 | 99.56 |
DEE Development Engineers Ltd IPO Prospectus
DEE Development Engineers Ltd IPO Listing Date
| Listing Date | 26 June 2024 |
| BSE Script | 544198 |
| NSE Symbol | DEEDEV |
| Listing In | BSE, NSE |
| ISIN | INE841L01016 |
| IPO Price | ₹203 |
| Face Value | ₹10 |
Company Contact Information
Unit 1 Prithla-Tatarpur RoadVillage Tatarpur Dist. Palwal,Faridabad-121102
Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: www.deepiping.com
DEE Development Engineers Ltd IPO Registrar
DEE Development Engineers Ltd IPO Lead Manager(s)
- SBI Capital Markets Ltd
- Equirus Capital Pvt Ltd
FAQ
What is the issue size of DEE Development Engineers Ltd IPO?
I have pre-applied for DEE Development Engineers Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.