Company Name | DEE Development Engineers Limited |
Open Date | 19-06-2024 |
Close Date | 21-06-2024 |
Exchange | BSE, NSE |
Lot Size | 73 Shares |
Issue Price | ₹193 to ₹203 per share |
Issue Size | 2,05,91,852 shares |
Application Amount | Min. Inv. - ₹14,819 (73 shares) Max. Inv. - ₹1,92,647 (949 shares) |
Recommendation | RISK SEEKERS should APPLY, and RISK AVERSE should WAIT |
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 that has its registered office in Faridabad, Haryana. The company has seven manufacturing facilities in Haryana, Gujarat, Rajasthan, Assam, and Thailand. It caters to clients such as Reliance Industries, and Mitsubishi Heavy Industries to name a few. It has clients in the USA, Germany, Japan, Italy, Switzerland, and a few more countries as well. The Company employs 1,061 people at various levels on its payroll as of Mar 31, 2024, and hires contract laborers as and when required.
For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Dec-23 |
Total Assets | 835.88 | 845.40 | 966.26 | 1,171.01 |
Net Assets | 454.32 | 411.98 | 423.64 | 438.05 |
Total Borrowings | 257.17 | 285.36 | 352.62 | 407.14 |
Total Revenue | 513.03 | 470.84 | 614.32 | 557.86 |
Profit After Tax | 14.21 | 8.20 | 12.97 | 14.34 |
Opening Date | 19/06/2024 |
Closing Date | 21-06-2024 |
Basis of Allotment | 24-06-2024 |
Initiation of Refunds | 25-06-2024 |
Credit of Shares to Demat | 25-06-2024 |
Listing Date | 26-06-2024 |
Funding Working Capital requirements of the Company. |
Prepayment or Repayment of all or a portion of certain Outstanding Borrowings availed by the Company. |
General Corporate Purposes. |
Registered Office | DEE Development Engineers Limited Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad- 121102 |
Phone | +91 1275 248345 |
secretarial@deepiping.com | |
Website | https://www.deepiping.com/ |
DEE Piping Systems IPO DRHP |
DEE Piping Systems IPO RHP |
Name | Link Intime India Private Ltd |
Phone | +91-22-4918 6270 |
dde.ipo@linkintime.co.in | |
Website | https://linkintime.co.in/initial_offer/public-issues.html |
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Share Holding Pre Issue (Promoters) | 100.00% |
Share Holding Post Issue (Promoters) | 70.18% |