DEE Development Engineers Limited IPO :
The initial share sale of of Dee Development Engineers Ltd. will open for subscription on Wednesday (June 19), and will conclude on June 21. The company is planning to raise about ₹418 crore through its IPO.
Ahead of the issue opening, the company’s shares are trading with a premium of ₹68 in the unlisted market.
However, it is important to note that grey market premiums are just an indicator of how the company’s shares are stacked up in the unlisted market and are subject to change rapidly.
The company will sell its shares in the price range of ₹193 to ₹203 apiece. Investors can bid for a minimum of 73 equity shares in one lot and its multiples thereafter.
The IPO includes a fresh share sale of up to ₹325 crore, and an offer-for-sale (OFS) of up to 45.82 lakh equity shares, aggregating up to ₹93 crore, by promoter Krishan Lalit Bansal.
DEE Development Engineers Limited IPO Details :
| IPO Date | June 19, 2024 to June 21, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹193 to ₹203 per share |
| Lot Size | 73 Shares |
| Total Issue Size | 20,591,852 shares (aggregating up to ₹418.01 Cr) |
| Fresh Issue | 16,009,852 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 4,582,000 shares of ₹10 (aggregating up to ₹93.01 Cr) |
| Employee Discount | Rs 19 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 53,039,140 |
| Share holding post issue | 69,048,992 |
(Source: https://www.chittorgarh.com/)
DEE Development Engineers Limited IPO
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Check DEE Development Engineers Limited IPO Allotment Status
DEE Development Engineers Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.
One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-
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DEE Development Engineers Limited IPO
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DEE Development Engineers Limited IPO Key concerns:
Any downturn in the oil and gas, power (including nuclear), process industries, and chemical sectors would create an adverse impact on revenue from operations, cash flows, and financial conditions.
– Companies face competition from both domestic as well as international companies.
– Experienced negative cash flows.
– Subsidiaries have incurred losses in the last three fiscal years
The company will use the net proceeds from the fresh issue towards funding working capital requirements of the company, repayment of certain outstanding borrowings availed by the company, and general corporate purposes.
DEE Development Engineers provides specialised process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. It also manufactures piping products.
With six strategically located manufacturing facilities in Haryana, Gujarat, Rajasthan and Thailand, Dee Development is touted to be the largest player in process piping solutions in the country, in terms of installed capacity.
For the nine months ended on December 31, 2023, the company posted a net profit of ₹14.34 crore with a revenue of ₹380.23 crore. Its net profit stood at ₹12.97 crore with a revenue of ₹614.32 crore for the financial year 2022-23.
SBI Capital Markets Ltd. and Equirus Capital Pvt. Ltd. are the book running lead managers of the DEE Piping Systems IPO, while Link Intime India Pvt. Ltd. is the registrar for the IPO.
The allotment for the DEE Piping Systems IPO will likely be finalised on June 24, 2024. DEE Piping Systems IPO will list on BSE, NSE with tentative listing date fixed as June 26, 2024.
(source: moneycontrol)
DEE Development Engineers Limited IPO FAQ:
Ans. DEE Piping Systems IPO is a main-board IPO of 20,591,852 equity shares of the face value of ₹10 aggregating up to ₹418.01 Crores. The issue is priced at ₹193 to ₹203 per share. The minimum order quantity is 73 Shares.
The IPO opens on June 19, 2024, and closes on June 21, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The DEE Piping Systems IPO opens on June 19, 2024 and closes on June 21, 2024.
Ans. DEE Piping Systems IPO lot size is 73 Shares, and the minimum amount required is ₹14,819.
Ans. The DEE Piping Systems IPO listing date is not yet announced. The tentative date of DEE Piping Systems IPO listing is Wednesday, June 26, 2024.
Ans. The minimum lot size for this upcoming IPO is 73 shares.