IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
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Issue Size
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Investor category and sub category
Retail Individual Investors | Non-Institutional Investors | Qualified Institutional Buyers (QIB) |About Dee Development Engineers Limited
Incorporated in 1995, Dee Development Engineers Limited is an engineering company which provides specialised process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.
The company carries out its business activities through 6 strategically located manufacturing facilities located in Haryana, Gujarat, and Rajasthan. In addition, the company also operates an international facility in Thailand.
The piping industry of India is likely to benefit from the government’s plan to create five large renewable hydrogen hubs that could be collectively worth USD 5 billion by 2030 via public-private partnerships. The global market for process piping solutions is likely to reach USD 54.5 billion by the end of this decade. It is likely to witness a compounded annual growth rate (CAGR) of 4.6% during 2022-30.
Dee Development Engineers Limited IPO Details
Dee Development Engineers Limited IPO Dates
Retail investors can bid for the Dee Development Engineers Limited IPO. The issue date has not been announced yet.
Dee Development Engineers Limited IPO Price Band
Dee Development Engineers Limited IPO is a mix of fresh issue and offer for sale (OFS). The company is likely to raise ₹325 Cr via fresh issue, and OFS comprises 79,00,000 shares. It is a book-building issue. The price range has not been announced yet.
Dee Development Engineers Limited IPO Lot Size
The lot size and minimum investment of Dee Development Engineers Limited's IPO will be announced later.
Dee Development Engineers Limited IPO Lot Size
As per DRHP, the objects of offer are listed below:
- Funding the working capital requirement.
- Prepayment or repayment of all or a portion of certain outstanding borrowings.
- General corporate purposes.
Peer Details
As per DRHP, ISGEC Heavy Engineering Limited is the only listed peer of Dee Development Engineers Limited.
How To Check the Allotment Status of the Dee Development Engineers Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Dee Development Engineers Limited
Registered office: Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad, Haryana – 121102, India
Phone: +91 1275 248345
E-mail: secretarial@deepiping.com
IPO Financials
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 6,143.20 | 4,708.39 | 5,130.26 |
| Profit After Tax (PAT) | 129.72 | 81.97 | 142.05 |
| Total Assets | 9,662.59 | 8,453.97 | 8,358.76 |
| Total Borrowings | 3,526.22 | 2,853.58 | 2,571.65 |
Know before investing
Strengths
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The company enjoys long-standing customer relationships with a strong order book of ₹5,787.38 million as of June 30, 2023. The company’s order book is diversified among different sectors such as oil and gas, power (including nuclear), and process industries.
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The company is focused on leveraging its market-leading position in the industry to capitalise on the revival of the capital expenditure cycle in the sectors.
Risks
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The company’s business could be impacted by any disruption in the oil and gas, power (including nuclear), process industries, and chemical sectors.
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The company is exposed to risks arising from labour shortage as it is highly dependent on labour for production-related activities.
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Dee Development Engineers Limited IPO FAQs
Dee Development Engineers Limited is a mix of fresh issue and offer for sale (OFS). The company is likely to raise ₹325 Cr via fresh issue, and OFS comprises 79,00,000 shares. It is a book-building issue.
The Basis of the Allotment date has not been announced yet.
The IPO subscription window will open on a date that has not been announced yet.
Retail investors can apply for a minimum of one lot, and the lot size has not been announced yet.
Dee Development Engineers Limited IPO will be listed on BSE and NSE. The date of listing has not been announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
