DEE Development Engineering IPO: Upcoming IPO, GMP, Live Subscription, and Financial Report
| DEE Development Engineers IPO Details | |
|---|---|
| IPO Issue Opening Date: | 19th Jun 2024 |
| IPO Issue Closing Date: | 21st Jun 2024 |
| IPO Issue Price: | ₹193.00-203.00 Per Share |
| RHP: | Download RHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹418.01 Cr |
| Offer for Sale: | ₹93.01 Cr |
| Fresh Issue: | ₹325.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:19.00 |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| DEE Development Engineers IPO Important Dates | |
| Get important updates regarding DEE Development Engineers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced. | |
| DEE Development Engineers IPO dates | |
| IPO Activity | Date |
| Basis of Allotment Date* | 24th Jun 2024 |
| Refunds Initiation* | 25th Jun 2024 |
| Credit of Shares to Demat* | 25th Jun 2024 |
| IPO Listing Date* | 26th Jun 2024 |
| * – Tentative Dates | |
| DEE Development Engineers IPO Lots | |
| IPO Activity | Date |
| Issue Price | ₹193.00-203.00 |
| Market Lot: | 73 Shares |
| 1 Lot Amount: | ₹ 14,819 |
| Min Small HNI Lots(2-10 Lakh): | 1022 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 4964 shares (68 lots) |
The DEE Development Engineering IPO opens today 19th June 2024, marking a significant event in the Indian financial markets. This mainline IPO, valued at ₹418.01 crore, includes a fresh issue of ₹325 crore and an offer for sale worth ₹93.01 crore. With a face value of Rs 10 and a price band set between ₹193.00 and ₹203.00 per share, the IPO presents a unique investment opportunity in a leading engineering firm that specializes in process piping solutions.
ABOUT COMPANY
DEE Development Engineers Limited, incorporated in March 1998, has built a formidable reputation over the past three and a half decades. The company provides specialized process piping solutions across various industries, including oil and gas, power, and chemicals. Its comprehensive product range includes high-pressure piping systems, pipe spools, and other industrial components, showcasing its extensive manufacturing and engineering capabilities.
The company’s strategic growth is supported by its seven manufacturing facilities located across India and Thailand. These facilities are situated in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand. Additionally, DEE Development Engineers operates a dedicated engineering facility in Chennai, Tamil Nadu, enhancing its ability to deliver customized solutions to its clients.
The DEE Development Engineering IPO aims to capitalize on the company’s strengths and growth potential. As the largest player in process piping solutions in India, DEE Development Engineers benefits from significant barriers to entry, a robust order book, and longstanding customer relationships. Its focus on automation, process excellence, and a diverse product offering positions it as a comprehensive solution provider across various sectors and geographies.
Investors interested in the DEE Development Engineering IPO can apply for a minimum lot of 73 shares, amounting to Rs 14,819. The tentative listing date on the BSE and NSE is set for June 26, 2024. As the subscription period progresses, investors can stay updated on the live subscription status and daily grey market premium (GMP) to make informed decisions.
IPO OBJECTIVE
The objectives of the IPO include funding the company’s working capital requirements, prepaying or repaying certain outstanding borrowings, and covering general corporate expenses. These strategic financial moves are designed to strengthen DEE Development Engineers’ balance sheet and support its growth trajectory.
FINANCIAL PERFORMANCE
Financially, DEE Development Engineers Limited has demonstrated robust performance. The company’s revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial years ending March 31, 2022, and March 31, 2023. This impressive growth reflects the company’s ability to leverage its manufacturing and engineering capabilities to capture new market opportunities.
Examining the financial data further, DEE Development Engineers reported assets of ₹1,171.01 crore as of December 31, 2023, up from ₹966.26 crore as of March 31, 2023. The company’s net worth stood at ₹428.19 crore, supported by reserves and surplus of ₹380.23 crore. These figures underscore the company’s strong financial position and its capacity for sustained growth.
COMPANY HIGHLIGHTS
The DEE Development Engineering IPO also highlights the company’s focus on innovation and process excellence. By integrating advanced technologies and maintaining a highly experienced engineering team, DEE Development Engineers ensures operational efficiencies and high-quality output, which are critical in the competitive engineering sector.
Moreover, the company’s strategic locations and extensive domain knowledge allow it to effectively serve a diverse clientele. This geographical and sectoral diversification reduces risk and enhances growth potential, making DEE Development Engineers an attractive proposition for investors.
Investors can expect the DEE Development Engineering IPO to be a significant event in the market, reflecting the company’s strong fundamentals and growth prospects. The strategic use of IPO proceeds to enhance financial stability and support operational expansion further underscores the company’s commitment to long-term success.
As the IPO unfolds, potential investors should closely monitor the live subscription details and market responses. This information will provide critical insights into investor sentiment and the IPO’s overall success, guiding informed investment decisions.
In summary, the DEE Development Engineering IPO presents a compelling investment opportunity in a leading engineering firm with a proven track record of growth, innovation, and financial stability. By participating in this IPO, investors can become part of a company poised for continued success in the specialized process piping solutions industry.
The listing of DEE Development Engineers Limited on the BSE and NSE will not only enhance its visibility but also provide it with the necessary capital to pursue its strategic objectives. This IPO is a step towards further consolidating its market position and expanding its reach across various sectors and geographies.
In conclusion, the DEE Development Engineering IPO is a significant event, offering investors a chance to invest in a company with a solid foundation, robust growth prospects, and a strategic vision for the future. With its listing scheduled for June 26, 2024, the IPO marks a new chapter in the company’s journey, promising exciting opportunities for all stakeholders involved.
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Disclaimer: The stock highlights the IPO share news and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Returns Today should be held liable for any losses. Please consult a professional advisor.
