DEE Development Engineers Limited

Company Profile
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.

(Read more on the review)

Financial Summary in Cr.

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

Tentative Timeline

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

Objects of the Issue

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.

Contact Information

Registered Office DEE Development Engineers Limited Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad- 121102
Phone +91 1275 248345

Registrar Details

Name Link Intime India Private Ltd
Phone +91-22-4918 6270

IPO Reservation

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

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 70.18%

Contact Us to Enable Your Success!