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DEE Development Engineers Ltd.

DEE Development Engineers Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹203
₹203
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹203
Based on GMP
Min. Investment
₹14,819
1 lot × 73 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
19 Jun 2024
Close Date
21 Jun 2024
Allotment
24 Jun 2024
Listing Date
26 Jun 2024
Exchange
NSE & BSE
Price Band
₹203
Listing Price
See chart
Allotment Status
Price Band
₹203
Per share
Face Value
₹10 per share
 
Lot Size
73 Shares
per lot
Issue Size
2,05,96,938 shares (aggregating up to ₹418.01 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,819
1 lot
Pre-IPO Holding
5,30,39,140 shares
Promoters
Post-IPO Holding
6,90,48,992 shares
Promoters
P/E (Pre)
83x
 
P/E (Post)
73.33x
 
EPS (Pre)
₹2.45
 
EPS (Post)
₹2.77
 
UPI Deadline
2024-06-21
Mandate
Anchor AllotmentTue, 18 Jun 2024
Basis of AllotmentMon, 24 Jun 2024
Refund InitiationTue, 25 Jun 2024
Demat CreditTue, 25 Jun 2024
Listing DayWed, 26 Jun 2024
UPI Mandate Deadline2024-06-21
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,60,14,938 shares (aggregating up to ₹325.02 Cr)
Offer for Sale45,82,000 shares of ₹10 (aggregating up to ₹92.99 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
DEE Development Engineers Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Jun 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
20,596,938
100% ₹418.12
IPO Shares Offered
DEE Development Engineers Ltd. IPO total issue size: ₹418.12 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 20,596,938 ₹418.12
100.00%
* Based on upper price band ₹203 per share
Lot Size & Investment
Lot Size
73
Shares per Lot
Issue Price
₹203.00
Upper Band
Min Investment
₹14,819
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2146₹29,638
Retail (Max — 13 Lots)13949₹192,647
S-HNI (Min — 14 Lots)141,022₹207,466
B-HNI (Min — 68 Lots)684,964₹1,007,692
* Issue Price ₹203 × Lot Size 73 shares
IPO Schedule
Anchor
18 Jun 2024
✓ Done
IPO Open
19 Jun 2024
✓ Done
IPO Close
21 Jun 2024
✓ Done
Allotment
24 Jun 2024
✓ Done
Refunds
25 Jun 2024
✓ Done
Demat Credit
25 Jun 2024
✓ Done
Listing Day
26 Jun 2024
✓ Done
DEE Development Engineers Ltd. — Live Price LIVE
₹203.00
INR · BSE
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Issue ₹203.00 Live Price
About DEE Development Engineers Ltd.
Founded in 1988, DEE Development Engineers Limited is an engineering company that provides specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. The company also manufactures and supplies piping products, including 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. These accessories include boiler superheater coils, de-superheaters, and other customized manufactured components.The company has seven manufacturing facilities in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three manufacturing facilities located in Palwal, Haryana.The company's manufacturing facilities had a cumulative installed capacity of 70,875 MT for the nine months ended December 31, 2023, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.The company recently expanded into a new business vertical, offering design, engineering, fabrication, and manufacturing of pilot plants at Palwal Facility III.As of March 31, 2024, the company has 1,061 employees, including 54 highly skilled welders with certifications like CSWIP 3.0 and 3.1, AWS-CWI, and CWV, and 53 employees are highly skilled in non-destructive examination with certifications like NDE level II qualifications as per ASNT/SNT-TC-1A, and NDE level III qualifications as per BS EN ISO 9712.
Objects of the Issue
1
Funding working capital requirements of the Company;
2
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
3
General corporate purposes
DEE Development Engineers Ltd. Financials (Amount in Crore)
Revenue from Operations
₹470.8
31 Mar 2022
₹614.3
31 Mar 2023
₹557.9
31 Dec 2023
Profit After Tax (PAT)
₹8.2
31 Mar 2022
₹13.0
31 Mar 2023
₹14.3
31 Dec 2023
Particulars31 Dec 202331 Mar 202331 Mar 2022
Revenue from Operations 557.86 614.32 470.84
EBITDA N/A N/A N/A
Profit After Tax (PAT) 14.34 12.97 8.20
Net Worth 428.19 413.70 401.37
Total Assets 1171.01 966.26 845.40
Reserves & Surplus 380.23 408.17 395.85
Borrowings 407.14 352.62 285.36
EBITDA Margin (%) N/A
PAT Margin (%) 2.63%
P/BV Ratio
2.46
RoCE
3.91%
RoNW
3.35%
PAT Margin
2.63%
Debt/Equity
0.85
Issue Structure & Shareholding
Total Shares Offered2,05,96,938 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding5,30,39,140 shares
Post-Issue Promoter Holding6,90,48,992 shares
P/BV Ratio2.46
RoEN/A
RoCE3.91%
Debt / Equity0.85
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
SBI Capital Markets Ltd.
Equirus Capital Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much DEE Development Engineers Ltd. IPO subscribed?

DEE Development Engineers Ltd. IPO is subscribed 1.00 times by Jun 21, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is DEE Development Engineers Ltd. IPO retail subscription status?

The DEE Development Engineers Ltd. IPO retail category is subscribed 1.00 times as of 21 Jun 2024. The retail portion is oversubscribed.

How to subscribe DEE Development Engineers Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 19 Jun 2024 and closes 21 Jun 2024. Min investment: ₹14,819 (1 lot = 73 shares). UPI mandate: 2024-06-21.

How many times DEE Development Engineers Ltd. IPO subscribed?

The DEE Development Engineers Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check DEE Development Engineers Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Jun 2024. Refunds: on 25 Jun 2024.

When DEE Development Engineers Ltd. IPO will be listed?

The DEE Development Engineers Ltd. IPO listing date is 26 Jun 2024, Wednesday. Listed on: NSE & BSE. Issue price: ₹203. Estimated listing: ₹203. GMP: NIL.

When DEE Development Engineers Ltd. IPO close?

The DEE Development Engineers Ltd. IPO closes on 21 Jun 2024, Friday. UPI mandate: 2024-06-21. Allotment: 24 Jun 2024. Listing: 26 Jun 2024.