DEE Piping Systems IPO: Read the IPO in Detail

DEE Piping Systems IPO is open for subscription starting Wednesday, June 19, 2024, and closing on Friday, June 21, 2024. The price is decided at Rs 193 to Rs 203 per share. The minimum lot size for the retail category is 73 shares. The minimum lot size for small NII is 14 lots consisting of 1,022 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 4,964 shares. The minimum investment required for retail category investors is Rs 14,819 ( 203 x 73 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,466 (203 x 1,022 shares); for big non-institutional investors, it is Rs 10,07,692 (203 x 4,964 shares). 

DEE Piping Systems IPO is a book-built issue of Rs 418.01 crores. This Issue is a combination of fresh Issue and offer-for-sale. The fresh Issue is of 1.6 crore equity shares amounting to Rs 325 crores and OFS is of 0.46 crore equity shares amounting to Rs 93.01 crores. The allotment for this IPO is expected to be finalised on Monday, June 24, 2024. DEE Piping Systems IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, June 26, 2024.The book-running lead managers of DEE Piping Systems are SBI Capital Markets Limited and Equirus Capital Private Limited. The registrar for this new IPO is Link Intime India Private Limited.

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About DEE Development Engineers Limited

DEE Development Engineers Limited, founded in 1988, is an engineering company that provides specialised process piping solutions to oil, gas, power, chemicals and other process industries through engineering, procurement and manufacturing. DEE Development Engineers also manufacture and supply piping products, including piping spools, high-frequency induction pipe bends, high-pressure piping systems, industrial pipe fittings, pressure vessels, industrial stacks etc. DEE Development Engineers has seven manufacturing facilities Palwal, Haryana Anjar, Gujarat Barmer, Rajasthan Numaligarh, Assam and Bangkok, Thailand. The company's manufacturing facilities had a cumulative installed capacity of 70,875 MT. The company expanded on to the new business verticals offering design, engineering fabrication and manufacturing of pilot plants at Pawal Facility III. As per latest information available, the company currently has 1,061 employees including 54 highly skilled welders.

Objectives of DEE Piping Systems IPO

The funds raised from this initial public offer will be used to fund the company's W.C requirements and to repay and prepay the outstanding borrowings. In addition, general corporate purposes will also be fulfilled.

Financials of DEE Development Engineers  Limited (Amt in Rs Crore)

DEE Piping Systems reported a revenue of Rs 557.86 crore and net profit of Rs 14.34 crore for the period ending 31 December 2023. Earlier, in the period ending on 31 March 2023, it reported a revenue of Rs 614.32 crore and net profit of Rs 14.34 crore. The company’s revenue increased by 30.47% and PAT increased by 58.25% between the FY ending on 31st March 2023 and 31st March 2022. 

Other Important Details of DEE Piping Systems IPO

Time-Table of DEE Piping Systems IPO

Lot Size of DEE Piping Systems IPO

IPO Reservation of DEE Piping Systems 

Promoters of  DEE Development Engineers Limited and Their Holdings

The promoters of DEE Piping Systems company are Krishan Lalit Bansal, Ashima Bansal and DDE Piping Components Private Limited.

Key Performance Indicator of DEE Piping Systems IPO

EPS and P/E Ratio Post IPO

Lead Manager(s) of DEE Piping Systems Limited IPO

The book-running lead managers of DEE Piping Systems IPO are SBI Capital Markets Limited and Equirus Capital Private Limited. 

How do you apply for the DEE Piping Systems Limited IPO?

Wait for the public issue to open for subscription, then visit Bigul website to apply for the DEE Piping Systems Limited IPO with Bigul.

How do you check the allotment status of the DEE Piping Systems Limited IPO?

The registrar for DEE Piping Systems Limited IPO is Link Intime India Limited. To check your allotment status, please click here.

FAQs

1. What are the details of DEE Piping Systems IPO IPO 2024?

DEE Piping Systems IPO is a book-built issue of Rs 418.01 crores. This issue is a combination of fresh issue and offer-for-sale. The fresh issue is of 1.6 crore equity shares amounting to Rs 325 crores and OFS is of 0.46 crore equity shares amounting to Rs 93.01 crores.

2. Who are the lead managers for the DEE Piping Systems IPO?

SBI Capital Markets Limited and Equirus Capital Private Limited are appointed as the lead managers for this IPO.

3. What is the role of Link Intime India Private Limited in this IPO?

Link Intime India Private Limited is the registrar for DEE Piping Systems Limited, handling the IPO's administrative aspects. 

4. How can I apply for the DEE Piping Systems IPO?

The public subscription of this IPO will open on June 19, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The funds raised from this initial public offer will be used to fund the company's W.C requirements and to repay and prepay the outstanding borrowings. In addition, general corporate purposes will also be fulfilled.

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the DEE Piping Systems  IPO 2024 by visiting here.

7. What is the financial performance of DEE Development Engineers Limited?

DEE Piping Systems reported a revenue of Rs 557.86 crore and net profit of Rs 14.34 crore for the period ending 31 December 2023. The company’s revenue increased by 30.47% and PAT increased by 58.25% between the FY ending on 31st March 2023 and 31st March 2022. 

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