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Issue Price

₹193- ₹203

per equity share

Issue Size

1.49 crores

equity share

Face Value

per equity share

Market Lot


equity share

Please note

Listing at BSE ,NSE


Important Dates

IPO Open Date

19 Jun 2024

IPO Close Date

21 Jun 2024

Allotment Date

24 Jun 2024

Initiation of Refunds

25 Jun 2024

Credit of Shares to Demat Account

25 Jun 2024

IPO Listing Date

26 Jun 2024

UPI Mandate Expiry Date

21 Jun 2024

IPO Details

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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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.

Parent Organisation




Managing Director

Krishan Lalit Bansal

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked

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