DEE DEVELOPMENT ENGINEERS LIMITED

19 Jun 2024 - 21 Jun 2024 Individual Category Main Board BSE NSE

Min Investment

₹14819

Price Band

₹193-₹203

Issue Size

149.45 lakhs
Equity Shares

Lot Size

73

IPO Dates
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19 Jun 2024

Open Date

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21 Jun 2024

Close Date

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24 Jun 2024

Allotment Date

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26 Jun 2024

Listing Date

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.

Founded

1988

Managing Director

Krishan Lalit Bansal

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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