- Introduction
- IPO Overview
- IPO Timeline
- About DEE Development Engineers Limited
- Lead Managers and Registrar
- (FAQs)
- What is the DEE Piping Systems IPO?
- What are the key dates for the DEE Piping Systems IPO?
- How can I apply for the DEE Piping Systems IPO?
- How can I apply for the DEE Piping Systems IPO?
- What are the objectives of the DEE Piping Systems IPO?
- What is the Grey Market Premium (GMP) of DEE Piping Systems IPO?
- Who are the lead managers and the registrar for the IPO?
Introduction
DEE Development Engineers Limited is set to launch its Initial Public Offering (IPO), aiming to raise Rs 418.01 crores through a combination of fresh issue shares and an offer for sale. This guide provides an in-depth look at the IPO details, company background, financials, and more
IPO Overview
Key Details
| Aspect | Details |
| Total Issue Size | Rs 418.01 Crores |
| Fresh Issue | Rs 325.00 Crores (1.6 crore shares) |
| Offer for Sale | Rs 93.01 Crores (0.46 crore shares) |
| IPO Opening Date | June 19, 2024 |
| IPO Closing Date | June 21, 2024 |
| Listing Date | June 26, 2024 (Tentative) |
| Price Band | ₹193 to ₹203 per share |
| Minimum Lot Size | 73 Shares |
| Minimum Investment | ₹14,819 for retail investors |
| Employee Discount | ₹19 per share |
IPO Timeline
| Event | Date |
| IPO Open Date | June 19, 2024 |
| IPO Close Date | June 21, 2024 |
| Basis of Allotment | June 24, 2024 |
| Initiation of Refunds | June 25, 2024 |
| Credit of Shares to Demat | June 25, 2024 |
| Listing Date | June 26, 2024 |
Investment Details
For Retail Investors
| Investment Type | Lots | Shares | Amount |
| Minimum | 1 | 73 | ₹14,819 |
| Maximum | 13 | 949 | ₹192,647 |
For High Net-worth Individuals (HNIs)
| Investor Type | Lots | Shares | Amount |
| Small HNIs | 14 | 1,022 | ₹207,466 |
| Big HNIs | 68 | 4,964 | ₹1,007,692 |
Reservation Details
| Investor Category | Shares Offered |
| Qualified Institutional Buyers (QIBs) | Not more than 50% of the Net Issue |
| Retail Investors | Not less than 35% of the Net Issue |
| Non-Institutional Investors (NII) | Not less than 15% of the Net Issue |
Also read: Best Stocks to Invest in India 2024: A Comprehensive Guide
About DEE Development Engineers Limited
Founded in 1988, DEE Development Engineers Limited is an industry leader in providing specialized process piping solutions. Their products cater to a variety of industries, including oil and gas, power (including nuclear), chemicals, and more. They offer comprehensive engineering, procurement, and manufacturing services for high-pressure piping systems, industrial pipe fittings, and modular skids.
Manufacturing Facilities
| Location | Facilities | Capacity (MT) |
| Palwal, Haryana | 3 Facilities | |
| Anjar, Gujarat | 1 Facility | |
| Barmer, Rajasthan | 1 Facility | |
| Numaligarh, Assam | 1 Facility | |
| Bangkok, Thailand | 1 Facility | |
| Installed Capacity | 70,875 MT (Dec 31, 2023) | |
| Annual Capacities | 94,500 MT (FY 2023) | |
| 91,500 MT (FY 2022) | ||
| 86,500 MT (FY 2021) |
Key Products and Services
- 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
- Customized accessories (e.g., boiler superheater coils, desuperheaters)
Financial Performance
DEE Development Engineers Limited has shown significant growth in its financials over the past few years.
Financial Metrics
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets (₹ Crore) | 1,171.01 | 966.26 | 845.4 | 835.88 |
| Revenue (₹ Crore) | 557.86 | 614.32 | 470.84 | 513.03 |
| Profit After Tax (₹ Crore) | 14.34 | 12.97 | 8.2 | 14.21 |
| Net Worth (₹ Crore) | 428.19 | 413.7 | 401.37 | 448.5 |
| Reserves and Surplus | 380.23 | 408.17 | 395.85 | 432.81 |
| Total Borrowings (₹ Crore) | 407.14 | 352.62 | 285.36 | 257.17 |
Key Performance Indicators (KPIs)
| KPI | Values |
| Return on Capital Employed (ROCE) | 3.91% |
| Debt to Equity Ratio | 0.85 |
| Return on Net Worth (RoNW) | 3.35% |
| Price to Book Value (P/BV) | 2.46 |
| PAT Margin | 2.63% |
IPO Objectives
The funds raised through the DEE Piping Systems IPO will be used for the following purposes:
- Funding Working Capital Requirements: To support operational needs and growth.
- Repayment of Borrowings: To reduce the company’s debt and improve financial health.
- General Corporate Purposes: To address various business needs as they arise.
Grey Market Premium (GMP)
As of June 18, 2024, the Grey Market Premium (GMP) for DEE Development Engineers Limited is ₹50, reflecting a positive sentiment towards the IPO and indicating a potential premium upon listing.
Lead Managers and Registrar
Book Running Lead Managers:
- SBI Capital Markets Limited
- Equirus Capital Private Limited
Registrar:
- Link Intime India Private Ltd
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(FAQs)
What is the DEE Piping Systems IPO?
The DEE Piping Systems IPO is a main-board IPO offering 20,591,852 equity shares of the face value of ₹10 each, aggregating up to ₹418.01 Crores. The price band is set at ₹193 to ₹203 per share, with a minimum order quantity of 73 shares. The IPO opens on June 19, 2024, and closes on June 21, 2024. Shares are proposed to be listed on BSE and NSE.
What are the key dates for the DEE Piping Systems IPO?
- IPO Open Date: June 19, 2024
- IPO Close Date: June 21, 2024
- Basis of Allotment: June 24, 2024
- Initiation of Refunds: June 25, 2024
- Credit of Shares to Demat: June 25, 2024
- Listing Date: June 26, 2024
How can I apply for the DEE Piping Systems IPO?
To apply for the DEE Piping Systems IPO, follow these steps:
How can I apply for the DEE Piping Systems IPO?
To apply for the DEE Piping Systems IPO, follow these steps:
- Open a Demat and Trading Account with a broker like Alice Blue if you don’t already have one.
- Access the IPO details on your broker’s platform.
- Place your bid for the desired number of shares within the IPO’s price range.
- Confirm your information and submit your application promptly.
What are the objectives of the DEE Piping Systems IPO?
The primary objectives of the IPO are:
- Funding working capital requirements.
- Repayment or prepayment of certain borrowings.
- General corporate purposes.
Who are the lead managers and the registrar for the IPO?
Lead Managers: SBI Capital Markets Limited and Equirus Capital Private Limited
Registrar: Link Intime India Private Ltd
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