DEE Development Engineers Ltd

Steel

Offer Period :

19th to 6th Jun 2024

Established in 1995, Dee Development Engineers is a leading engineering company providing specialized process piping solutions for various industries. With six manufacturing facilities in Haryana, Read more... Gujarat, Rajasthan, and an international facility in Thailand, they are poised to benefit from India's renewable hydrogen initiatives and the global growth of the process piping solutions market.Read less

DEE Development Engineers Ltd IPO Details

IPO Date 19th to 6th Jun 2024 Minimum Investment ₹14819 / 1 Lots
Listing Date 2024-06-26 Maximum Investment ₹192647 / 13 Lots
Face Value ₹10 per share Total Issue Size ₹418.01 Crores
Price ₹203 to ₹203 per share Fresh Issue ₹325 Crores
Lot Size 1 Lots (73 Shares) Offer For Sale ₹ 93.01
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0.09    
IPO Date 19th to 6th Jun 2024
Listing Date 2024-06-26
Face Value ₹10 per share
Price ₹203 to ₹203 per share
Lot Size 1 Lots (73 Shares)
Listing At BSE, NSE
Employee Discount ₹0.09 Crores
Minimum Investment ₹14819 / 1 Lots
Maximum Investment ₹192647 / 13 Lots
Total Issue Size ₹418.01 Crores
Fresh Issue ₹325 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

19th Jun

IPO Starts

21st Jun

IPO Ends

24th Jun

Allotment Date

25th Jun

Initiation of Refund

25th Jun

Credit of Shares to Demat Account

26th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 97.24 0
Public Group 2.76 100

DEE Development Engineers Ltd IPO Reservation

QIB Shares Offered 4108518(19.95%)
NII (HNI) Shares Offered 3081389(14.96%)
Retail Shares Offered 7189907(34.92%)
Anchor Investor Shares Offered 6162777(29.93%)
Total Shares Offered 20591852
Total Shares With Anchor Investor 20591852

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

DEE Development Engineers Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91-8108114949
Email Id dde.ipo@linkintime.co.in
Our Website www.linkintime.co.in

DEE Development Engineers Ltd IPO Lead Manager

1. SBI Capital Markets Ltd

2. Equirus Capital Pvt Ltd

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DEE Development Engineers Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 41,08,518 84,85,63,972 21,04,858.0
Non Institutional Investors (NIIs) 30,81,389 46,03,47,563 21,04,858.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 20,54,260 34,04,15,425 21,04,858.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 10,27,129 11,99,32,138 21,04,858.0
Retail Individual Investors (RIIs) 71,89,907 17,02,50,308 21,04,858.0
Total 1,43,79,814 1,48,16,54,866 21,04,858.0

Strength of DEE Development Engineers Ltd

1. Leading player in an industry with significant barriers to entry.

2. Largest player in process piping solutions in India, in terms of installed capacity, providing specialized process piping solutions with strategically located state-of-the-art Manufacturing Facilities.

3. Long standing customer relationships with a strong order book.

4. Wide range of specialized product offerings and services making it a comprehensive solution provider for its diversified customers spread across geographies and sectors.

5. Strong focus on automation and process excellence with an experienced engineering team to drive operational efficiencies.

6. Experienced and dedicated Promoters and professional management team with extensive domain knowledge.

Risks Involved

1. The company is measured against high quality standards and stringent performance requirements by its customers. Any failure by it to comply with these standards or performance requirements may lead to the cancellation of existing and future orders, recalls, liquidated damages, invocation of performance bank guarantees or warranty and indemnity or liability claims, which could adversely affect its reputation, business, results from operations, financial conditions and cash flows.

2. Its business is dependent and will continue to depend on the company manufacturing facilities, and the company is subject to certain risks in its manufacturing process due to the usage of heavy machinery in its manufacturing operations. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees could interfere with our operations, and could have an adverse effect on its business, cash flows, financial condition and results of operations.

3. Majority of the Net Proceeds will be utilized for the repayment or prepayment of indebtedness availed of by the Company.

4. Any downturn in the oil and gas, power (including nuclear), process industries, chemical sectors would create an adverse impact on its revenue from operations, cash flows and financial conditions.

5. The company derives a significant part of its revenue from some customers, and the company does not have long term contracts with a majority of these customers. If one or more of such customers choose not to source their requirements from it or to terminate its contracts or purchase orders, the company's business, cash flows, financial condition and results of operations may be adversely affected.

6. If the company is unable to introduce new products or engineering processes and respond to changing customer preferences in a timely and effective manner or if its product become obsolete due to a breakthrough in the development of technology or alternate products, the demand for its products or engineering services and supplies may decline, which may have an adverse effect on its business, cash flows, results of operations and financial condition.

7. Any underutilization of its manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

8. The objects of the Offer for which funds have been raised and proposed deployment of the Net Proceeds of the Offer have not been appraised by a bank or a financial institution. The deployment of funds is entirely at the discretion of its management and as per the details mentioned in the section titled "Objects of the Offer". Any revision in the estimates may require it to reschedule its expenditure and may have a bearing on the company expected revenues and earnings. Further, if there are any delays or cost overruns, its business, financial condition and results of operations may be adversely affected.

9. The company derives majority of its revenue from its engineering services and supplies and its financial condition would be materially and adversely affected if the company fails to obtain new contracts.

10. The company track certain operational metrics with internal systems and tools. Certain of its operational metrics are subject to inherent challenges in measurement which may adversely affect its business and reputation.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 966.26 845.4 835.88
Total Liabilities 966.26 845.4 835.88
Total Expenses 593.95 457.55 504.2
Total Revenue 
614.32 470.84 513.03
Profit After Tax 12.97 8.2 14.21
EBITDA 88 74.53 71.49
Adjusted EBITDA 0 0 0

DEE Development Engineers Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-26 544198 DEEDEV
INE841L01016
₹203 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹203 ₹203
Open ₹325 ₹339
Low ₹310.2 ₹310
High ₹365.7 ₹365.7
Low ₹310.2 ₹310

Frequently Asked Questions

What is DEE Development Engineers Ltd IPO?

Answer Field

DEE Development Engineers Ltd IPO is a Mainboard IPO of 2,05,91,852 equity shares of a face value of ₹10 aggregating up to ₹418.01 Crores. The issue is priced at ₹203 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 Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When DEE Development Engineers Ltd IPO will open?

Answer Field

The DEE Development Engineers Ltd IPO opens on June 19, 2024 and closes on June 21, 2024.

What is the lot size of DEE Development Engineers Ltd?

Answer Field

DEE Development Engineers Ltd lot size is 73 shares, and the minimum amount required is ₹14,819.

How to apply for DEE Development Engineers Ltd IPO?

Answer Field

You can apply in DEE Development Engineers Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

When is DEE Development Engineers Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for DEE Development Engineers Ltd IPO will be done on June 24, 2024, and the allotted shares will be credited to your demat account by June 25, 2024.

When is DEE Development Engineers Ltd IPO listing date?

Answer Field

The DEE Development Engineers Ltd listing date is June 26, 2024.

Who is the registrar of DEE Development Engineers Ltd IPO?

Answer Field

The registrar of DEE Development Engineers Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

SBI Capital Markets Ltd,Equirus Capital Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of DEE Development Engineers Ltd IPO?

Answer Field

The fresh issue size is ₹325 Crores equity shares.

What minimum lot size can retail subscribers subscribe to DEE Development Engineers Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 73 shares and ₹14,819 amount.

How can I approve the UPI mandate request for DEE Development Engineers Ltd IPO?

Answer Field

To apply for DEE Development Engineers Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of DEE Development Engineers Ltd?

Answer Field

The price of each DEE Development Engineers Ltd share will be ranging in between ₹203 to ₹203 per share.

What is the cut-off time for the UPI mandate for DEE Development Engineers Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 21, 2024.

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