About DEE Development Engineers:
The company is an engineering firm offering specialized process piping solutions for industries such as oil and gas, power, chemicals, and other process sectors through engineering, procurement, and manufacturing. With over three and a half decades of manufacturing experience, the company has successfully expanded its business by leveraging its brand, strategically located facilities, and engineering capabilities. It manufactures and supplies products like high-pressure piping systems, piping spools, high-frequency induction pipe bends, Longitudinally Submerged Arc Welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories including boiler superheater coils, de-super heaters, and other customized components.
About the Industry in which DEE Development Engineers operates:
The global market for process piping solutions is projected to reach USD 54.5 billion by the end of this decade, with a CAGR of 4.8% during the 2023-2030 period. In India, the process piping solutions market generated an annual turnover of approximately INR 25.4 thousand crores in FY 2023. By FY 2030, this turnover is expected to increase to INR 38.4 thousand crores, growing at a CAGR of nearly 6.1%. The demand for process piping solutions is directly linked to capital expenditure patterns in the industrial segment.
| Important Information and Timelines of the IPO of DEE Development Engineers: | |
|---|---|
| Open Date | 19 June 2024 |
| Close Date | 21 June 2024 |
| Total Issue Size – Number of Shares | 20591852 |
| Minimum Bid Price | 193 |
| Maximum Bid Price | 203 |
| Lot Size | 73 |
| Basis of Allotment | 24 June 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 25 June 2024 |
| Listing Date | 26 June 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of DEE Development Engineers:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 73 | 14819 |
| Retail – Maximum | 13 | 949 | 192647 |
| sHNI – Minimum | 14 | 1022 | 207466 |
| sHNI – Maximum | 67 | 4891 | 992873 |
| bHNI – Minimum | 68 | 4964 | 1007692 |
Objective of the IPO of DEE Development Engineers:
-
Funding the working capital requirements of our Company
-
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our company
-
General corporate purposes
Financials of DEE Development Engineers:
| Particulars | As at and for the nine months period ended December 31, 2023 | As at and for the Fiscal Year ended March 31, 2023 | March 31, 2022 | March 31, 2021 |
|---|---|---|---|---|
| Equity Share Capital | 530.39 | 106.08 | 106.08 | 156.93 |
| Net Worth | 4,281.87 | 4,136.95 | 4,013.68 | 4,484.98 |
| Revenue from Operations | 5,455.54 | 5,954.95 | 4,609.16 | 4,952.17 |
| Restated Profit for the Period/Year | 143.37 | 129.72 | 81.97 | 142.05 |
| Restated Basic Earnings per Equity Share | 2.70 | 2.45 | 1.53 | 2.44 |
| Restated Diluted Earnings per Equity Share | 2.69 | 2.45 | 1.53 | 2.44 |
| Net Asset Value per Equity Share | 82.59 | 79.87 | 76.75 | 78.16 |
| Total Borrowings | 4,071.37 | 3,526.22 | 2,853.58 | 2,571.65 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for DEE Development Engineers. You will receive a UPI mandate after 10:00 AM on 19 June 2024.
###1. How to apply for the IPO of DEE Development Engineers on Dhan?
You can apply for the IPO of DEE Development Engineers from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of DEE Development Engineers be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 25 June 2024. However, you will be able to see the shares of DEE Development Engineers on Dhan before the market starts on the listing date which is 26 June 2024.