DEE Development Engineers Limited IPO is set to launch on 19 June, 2024. The company initiated its business operations in the year 1988. It is involved in the business of providing specialised process piping solutions to various industries. The company supplies its products to varied industries like Power, Oil and Gas, Chemicals etc. Its product portfolio includes high pressure piping systems, high frequency induction pipe bends, industrial pipe fittings, longitudinal submerged arc welding pipes, modular skids, industrial stacks, etc. It has seven manufacturing units out of which three are located in Haryana and one each in Gujarat, Rajasthan, Assam, and Thailand. The company has an annual capacity of 89000 MT on an average. It has an employee base of 1061 people.
DEE Development Engineers Limited IPO DETAILS
DEE Development Engineers Limited IPO is set to launch on 19 June, 2024. The subscription timeline extends till 21 June, 2024. The size for the IPO is Rs. 418.01 Crore. Shares issued through fresh issue mode are worth Rs 325 Crore. Shares issued through offer for sale mode are worth Rs. 93.01 Crore. The lot size is 73 shares and the price is Rs. 193 to Rs. 203 per share. The company is going to get listed at BSE and NSE. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of DEE Development Engineers Limited IPO
| IPO OPENING DATE | 19 June, 2024 |
| CLOSING DATE FOR IPO | 21 June, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 193 to Rs. 203 per share |
| LOT SIZE | 73 shares |
| MINIMUM ORDER QUANTITY | 73 shares |
| ISSUE SIZE | Rs. 418.01 Crore |
| OFFER FOR SALE | Rs. 93.01 Crore |
| FRESH ISSUE | Rs. 325 Crore |
| LISTING AT | BSE & NSE |
| LISTING DATE | 26 June, 2024 |
DEE Development Engineers Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 19 June, 2024 |
| CLOSING DATE FOR IPO | 21 June, 2024 |
| IPO ALLOTMENT DATE | 24 June 2024 |
| REFUNDS | 25 June, 2024 |
| DEMAT A/C CREDITED ON | 25 June, 2024 |
| IPO LISTING DATE | 26 June, 2024 |
DEE Development Engineers Limited IPO begins for subscription from 19 June, 2024. The IPO subscription would continue till 21 June, 2024. The allotment status for the shareholders who applied would come on 24 June, 2024. The refunds for the ones who did not get allotment would be initiated on 25 June, 2024. The DEMAT accounts of shareholders would be credited on 25 June, 2024. The listing of the company would be completed on 26 June, 2024.
DEE Development Engineers Limited IPO: Lead Managers
The lead managers are :
- Equirus Capital Private Limited
- SBI Capital Markets Limited
The minimum lot size for retail investors is 73 shares, amounting to Rs. 14819. The maximum lot size for retail investors is 949 shares, amounting to Rs. 192647. The minimum and maximum lot size for S-HNI and B-HNI are as under:
| Lots | Shares | Amount | |
| Retail (Minimum) | 1 | 73 shares | Rs. 14819 |
| Retail (Maximum) | 13 | 949 shares | Rs. 192647 |
| S-HNI (Minimum) | 14 | 1022 shares | Rs. 207466 |
| S-HNI (Maximum) | 67 | 4891 shares | Rs. 992873 |
| B-HNI (Maximum) | 68 | 4964 shares | Rs. 1007692 |
OBJECTIVES FOR THE IPO
- Funding the working capital requirements and
- General corporate purposes
COMPANY FINANCIALS
| Particularly (in Rs. Crore) | 2020-21 | 2021-22 | 2022-23 | Dec-2023 |
| Asset | 835 | 845 | 966 | 1171 |
| Revenue | 513 | 470 | 614 | 557 |
| PAT | 14 | 8 | 12 | 14 |
DEE Development Engineers Limited had an asset base of 835 Crore Rs in 2021 which increased to 845 Crore Rs in 2022 and 966 Crore Rs in 2023. The asset base for December 2023 was at 1171 Crore Rs. The revenue of the firm was 513 crore Rs in 2021, 470 Crore Rs in 2022. In 2023 the same increased to 614 crore Rs. Till December 2023 the revenue of the firm was 557 Crore Rs. The profit of the company was at 14 Crore Rs in 2021 which decreased to 8 Crore rs in 2022. It was 12 Crore Rs in 2023 and in December 2023 the profit was at 14 crore Rs.
PROS
- The company supplies its products to varied industries like Power, Oil and Gas, Chemicals etc.
- Its product portfolio includes high pressure piping systems, high frequency induction pipe bends, industrial pipe fittings, longitudinal submerged arc welding pipes, modular skids, industrial stacks, etc.
- It has seven manufacturing units out of which three are located in Haryana and one each in Gujarat, Rajasthan, Assam, and Thailand.
- The company has an annual capacity of 89000 MT on an average. It has an employee base of 1061 people.
DEE Development Engineers Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the DEE Development Engineers Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
