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Bidding Date
19-Jun-2024 to
21-Jun-2024
Issue Size
₹418.01 Cr
Price Band
₹193 to ₹203
Allotment date
24-Jun-2024
Listing date
26-Jun-2024
Lot size
73
No. of shares
2,05,91,852
Fresh issue/OFS
₹325 Cr/₹93.01 Cr
DEE Development Engineers Ltd is an engineering company established in 1988, specializing in providing process piping solutions. Their core business revolves around offering specialized process piping solutions for various industries, including oil and gas, power (including nuclear), chemicals, and other process industries. Their services encompass engineering, procurement, and manufacturing. The company manufactures and supplies a wide range of piping products, such as high-pressure piping systems, piping spools, high-frequency induction pipe bends, Longitudinally Submerged Arc Welding (LSAW) pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories like boiler superheater coils and de-super heaters. They operate seven strategically located manufacturing facilities in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand). Their clientele includes renowned global companies like JGC Corporation, Nooter Eriksen, MAN Energy Solutions SE, Mitsubishi Heavy Industries, John Cockerill S.A, and leading Indian companies like Reliance Industries Limited and Thermax Babcock & Wilcox Energy Solutions Limited India.
Read our in-depth analysis of the DEE Development Engineers Ltd IPO Here 
Category
Status
QIBs
201.9x
NIIs
142.8x
Retail
21.8x
Others
--
Total
98.5x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Speciality Medicines | 117 - 124 | 20-Mar-2026 to 24-Mar-2026 |
| Central Mine Planning & Design Institute | 163 - 172 | 20-Mar-2026 to 24-Mar-2026 |
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of DEE Development Engineers is ₹418.01 Cr.
DEE Development Engineers falls into Industrial Services industry.
The DEE Development Engineers IPO will be listed on both NSE and BSE.
The open and close dates for the DEE Development Engineers are 19-Jun-2024 & 21-Jun-2024.
The price band for the DEE Development Engineers ipo is ₹193 to ₹203
The listing date of DEE Development Engineers IPO is 26-Jun-2024.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
DEE Development Engineers total subscription ratio is 98.5X.
Key financial of the DEE Development Engineers are:
| DEE Development Engineers | FY-24 | FY-23 | FY-22 | FY-21 |
|---|---|---|---|---|
| Revenue (₹ Cr) | 788.76 | 595.5 | 460.92 | 495.2 |
| EBIT (₹ Cr) | 64.11 | 35.9 | 31.47 | 18.1 |
| Proft after Tax (₹ Cr) | 26.21 | 12.97 | 8.2 | 14.2 |
| Debt (₹ Cr) | 438.35 | 352.62 | 285.36 | 257.2 |
| Net Worth (₹ Cr) | 451.12 | 423.64 | 411.98 | 454.3 |
| RoE (%) | 5.81 | 3.06 | 1.99 | 3.13 |
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