The DEE Development Engineers Limited date has been confirmed from June 19, 2024 – June 21, 2024.
DEE Piping Systems IPO is a book-built issue of Rs 418.01 crore. The issue is a combination of a fresh issue of 1.6 crore shares, aggregating to Rs 325.00 crores, and an offer for sale of 0.46 crore shares, aggregating to Rs 93.01 crores. The minimum amount of investment required by retail investors is ₹14,819. The minimum lot size investment for sNII is 14 lots (1,022 shares), amounting to ₹207,466, and for bNII, it is 68 lots (4,964 shares), amounting to ₹1,007,692.
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Key Details Of DEE Development Engineers Limited IPO
Bidding Dates
June 19- 21
Price Range
₹193 to ₹203 per share
Face Value
₹10 per share
GMP
₹95
DEE Development Engineers Limited IPO GMP
The DEE Development Engineers Limited IPO GMP is ₹95.
IPO Overview
DEE Piping Systems IPO opens for subscription on June 19, 2024 and closes on June 21, 2024. The allotment for the DEE Piping Systems IPO is expected to be finalized on Monday, June 24, 2024. DEE Piping Systems IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, June 26, 2024. DEE Piping Systems IPO price band is set at ₹193 to ₹203 per share. The minimum lot size for an application is 73 Shares.
DEE Development Engineers Limited IPO Details
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹193 to ₹203 per share |
| Lot Size | 73 Shares |
| Total Issue Size | 20,591,852 shares (aggregating up to ₹418.01 Cr) |
| Fresh Issue | 16,009,852 shares (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 | BSE, NSE |
| Share holding pre issue | 53,039,140 |
| Share holding post issue | 69,048,992 |
DEE Development Engineers Limited IPO Timeline
| IPO Open Date | Wednesday, June 19, 2024 |
| IPO Close Date | Friday, June 21, 2024 |
| Basis of Allotment | Monday, June 24, 2024 |
| Initiation of Refunds | Tuesday, June 25, 2024 |
| Credit of Shares to Demat | Tuesday, June 25, 2024 |
| Listing Date | Wednesday, June 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 21, 2024 |
DEE Development Engineers Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,171.01 | 966.26 | 845.40 | 835.88 |
| Revenue | 557.86 | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 14.34 | 12.97 | 8.20 | 14.21 |
| Net Worth | 428.19 | 413.70 | 401.37 | 448.50 |
| Reserves and Surplus | 380.23 | 408.17 | 395.85 | 432.81 |
| Total Borrowing | 407.14 | 352.62 | 285.36 | 257.17 |
| Amount in ₹ Crore | ||||
DEE Development Engineers Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 35,811,405 (45.00%) | NA |
| QIB Shares Offered | 23,874,271 (30.00%) | NA |
| NII (HNI) Shares Offered | 11,937,134 (15.00%) | |
| bNII > ₹10L | 7,958,089 (10.00%) | 3,530 |
| sNII < ₹10L | 3,979,045 (5.00%) | 1,765 |
| Retail Shares Offered | 7,958,089 (10.00%) | 49,429 |
| Total Shares Offered | 79,580,899 (100%) |
Company Profile
Established in 1988, DEE Development Engineers Limited is an engineering firm that offers specialized process piping solutions for various industries such as oil and gas, power, chemicals, and more. They provide services like engineering, procurement, and manufacturing. The company also produces and supplies a range of piping products and accessories, including high-pressure piping systems, pipe bends, welding pipes, fittings, pressure vessels, stacks, skids, and customized components. DEE Development Engineers Limited operates seven manufacturing
facilities in different locations.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | DEE Development Engineers Limited |
| Phone number | +91 1275 248345 |
| Email ID | [email protected] |
| Website | deepiping.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
DEE Development Engineers Limited IPO FAQs
When DEE Piping Systems IPO will open?
The DEE Piping Systems IPO opens on June 19, 2024 and closes on June 21, 2024.
What is the lot size of DEE Piping Systems IPO?
DEE Piping Systems IPO lot size is 73 Shares, and the minimum amount required is ₹14,819.
When is DEE Piping Systems IPO listing date?
The DEE Piping Systems IPO listing date is not yet announced. The tentative date of DEE Piping Systems IPO listing is Wednesday, June 26, 2024.
