{"id":7444,"date":"2024-06-14T13:12:34","date_gmt":"2024-06-14T07:42:34","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7444"},"modified":"2024-06-18T17:56:10","modified_gmt":"2024-06-18T12:26:10","slug":"dee-piping-systems-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/dee-piping-systems-ipo-details\/","title":{"rendered":"DEE Piping Systems IPO Details - Complete Overview of DEE Development Engineers Limited IPO"},"content":{"rendered":"\n

DEE Piping Systems IPO Price: <\/strong>\u20b9193 to \u20b9203 per share
IPO Date Range:<\/strong> 19 June 2024 - 21 June 2024<\/p>\n\n\n\n

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Business Overview<\/h2>\n\n\n\n

Founded in 1988, DEE Development Engineers Limited specializes in process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other sectors. The company is globally recognized for its technical ability to address complex process piping requirements.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Offerings<\/h2>\n\n\n\n

The company manufactures and supplies 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 such as boiler superheater coils, de-superheaters, and customized components.<\/p>\n\n\n\n

Manufacturing Facilities and Capacity<\/h2>\n\n\n\n

DEE operates seven manufacturing facilities in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand). For the nine months ended December 31, 2023, these facilities had a cumulative installed capacity of 70,875 MT, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, 2022, and 2021, respectively.<\/p>\n\n\n\n

Specialized Engineering Services<\/h2>\n\n\n\n

DEE provides comprehensive process piping solutions, including pre-bid, basic, detailed, and support engineering for process and power piping systems. Their pre-fabrication services include cutting and beveling, welding, radiography, post-weld heat treatment, hydro testing, pickling and passivation, grit blasting, and painting. The company handles complex metals, including various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, Inconel, and Hastelloy. Recently, DEE expanded into designing, engineering, fabricating, and manufacturing pilot plants at Palwal Facility III.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

DEE Piping Systems IPO Specifics:<\/h2>\n\n\n\n
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IPO Date<\/td>June 19, 2024 to June 21, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, June 26, 2024<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Price Band<\/td>\u20b9193 to \u20b9203 per share<\/td><\/tr>
Lot Size<\/td>73 Shares<\/td><\/tr>
Total Issue Size<\/td>20,591,852 shares
(aggregating up to \u20b9418.01 Cr)<\/td><\/tr>
Fresh Issue<\/td>16,009,852 shares
(aggregating up to \u20b9325.00 Cr)<\/td><\/tr>
Offer For Sale<\/td>4,582,000 shares
(aggregating up to \u20b993.01 Cr)<\/td><\/tr>
Employee Discount<\/td>Rs 19 per share<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>53,039,140<\/td><\/tr>
Share holding post issue<\/td>69,048,992<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

DEE Piping Systems IPO Lot Size<\/h2>\n\n\n\n

Bidders have the opportunity to bid for a minimum of 73 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

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Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>73<\/td>\u20b914,819<\/td><\/tr>
Retail (Max)<\/td>13<\/td>949<\/td>\u20b91,92,647<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>1,022<\/td>\u20b92,07,466<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>4,891<\/td>\u20b99,92,873<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>4,964<\/td>\u20b910,07,692<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

DEE Piping Systems IPO Reservation<\/h2>\n\n\n\n
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QIB Shares Offered<\/td>Not more than 50% of the Net offer<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

DEE Piping Systems IPO Timetable (Important Dates)<\/h2>\n\n\n\n
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IPO Open Date<\/td>Wednesday, June 19, 2024<\/td><\/tr>
IPO Close Date<\/td>Friday, June 21, 2024<\/td><\/tr>
Basis of Allotment<\/td>Monday, June 24, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, June 25, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Tuesday, June 25, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, June 26, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on June 21, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Don't Miss Out!<\/h2>
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Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

DEE Development Engineers Limited IPO Financial Information<\/h2>\n\n\n\n

DEE Development Engineers Limited experienced a substantial 30.47% growth in revenue and a significant 58.25% increase in post-tax profit (PAT) between the fiscal years ending on March 31, 2022, and March 31, 2023.<\/p>\n\n\n\n

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Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
Assets<\/td>835.88<\/td>845.40<\/td>966.26<\/td>1171.01<\/td><\/tr>
Revenue<\/td>513.03<\/td>470.84<\/td>614.32<\/td>557.86<\/td><\/tr>
Profit After Tax<\/td>14.21<\/td>8.20<\/td>12.97<\/td>14.34<\/td><\/tr>
Net Worth<\/td>448.50<\/td>401.37<\/td>413.70<\/td>428.19<\/td><\/tr>
Reserves & Surplus<\/td>432.81<\/td>395.85<\/td>408.17<\/td>380.23<\/td><\/tr>
Total Borrowing<\/td>257.17<\/td>285.36<\/td>352.62<\/td>407.14<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

Key Performance Indicator - DEE Piping Systems IPO<\/h2>\n\n\n\n
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KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap<\/td>Rs 1401.69 Cr.<\/td><\/tr>
EPS<\/td>Rs 2.45<\/td><\/tr>
P\/E (x)<\/td>83<\/td><\/tr>
ROCE<\/td>3.91%<\/td><\/tr>
Debt\/ Equity<\/td>0.85<\/td><\/tr>
RoNW<\/td>3.35%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company plans to use the proceeds from the fresh issue for the following purposes:<\/p>\n\n\n\n