DEE Piping Systems IPO Details
The DEE Piping Systems IPO is a book build issue with a total issue size of ₹418.01 cr, comprising of fresh issue of 16009852 equity shares., and a offer for sale of 4582000 equity shares. DEE Piping Systems IPO opened for subscription on Jun 19, 2024 and closed on Jun 21, 2024. DEE Piping Systems IPO is set price band at ₹193 to ₹203 per share, with a lot size of 73 shares. Minimum investment for Retail investors was ₹14,819.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 24, 2024, and listed on both the NSE and BSE on Jun 26, 2024.
MUFG Intime India Private Limited has been appointed as the registrar. Equirus Capital Private Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the DEE Piping Systems IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 193 – 203
- Lot Size
- 73
- Issue Size
- ₹418.01 Cr
- Minimum Investment
- ₹14819 (73 Shares)
- Listing Date
- 26 June 2024
Current GMP
₹90 (+44.33%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About DEE Development Engineers Limited
DEE Development Engineers Limited, established in 1988, is a distinguished engineering firm specialising in process piping solutions for diverse industries, including oil and gas, power (both conventional and nuclear), and chemicals.
The company excels in engineering, procurement, and manufacturing, offering a robust portfolio of products such as high-pressure piping systems, piping spools, high-frequency induction pipe bends, longitudinally submerged arc welding pipes, and various industrial pipe fittings.
Additionally, DEE Development manufactures pressure vessels, industrial stacks, modular skids, and tailored components like boiler superheater coils and de-superheaters.
The firm operates seven manufacturing facilities located in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three of these facilities situated in Palwal, Haryana. As of the end of December 2023, these facilities collectively boast an installed capacity of 70,875 metric tons (MT), with annual capacities marked at 94,500 MT in Fiscal 2023, 91,500 MT in Fiscal 2022, and 86,500 MT in Fiscal 2021.
In its latest strategic move, DEE Development has ventured into designing, engineering, fabricating, and manufacturing pilot plants at its Palwal Facility III. As of March 31, 2024, the company employs 1,061 individuals, including 54 highly skilled welders with certifications like CSWIP 3.0 and 3.1, AWS-CWI, and CWV, alongside 53 employees proficient in non-destructive examination with qualifications such as NDE Level II and Level III.
DEE Piping Systems IPO Promoters
The promoters of the company are
- Krishan Lalit Bansal
- Ashima Bansal
- DDE Piping Components Private Limited.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
0.00%
DEE Piping Systems IPO Objective
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes
Address / Contact Info
DEE Development Engineers Limited
Unit 1, Prithla-Tatarpur Road,
Village Tatarpur,
Dist. Palwal, Faridabad- 121102,
Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: https://www.deepiping.com
IPO Snapshot
Book Running Lead Managers
- Equirus Capital Private Limited
- SBI Capital Markets Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
DEE Piping Systems IPO is a Book-building IPO with a total issue size of ₹418.01 crore. The DEE Piping Systems IPO price band is ₹193 to 203 per share. The DEE Piping Systems IPO subscription opens on Wed, Jun 19, 2024, and closes on Fri, Jun 21, 2024. The DEE Piping Systems IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the DEE Piping Systems IPO.
The DEE Piping Systems IPO opens on Wed, Jun 19, 2024 and closes on Fri, Jun 21, 2024
DEE Piping Systems IPO Price Band is ₹193 to 203 per share.
DEE Piping Systems IPO lot size is 73 shares, Retail investors need a minimum investment of ₹14819 based on the upper price band
The minimum investment for DEE Piping Systems IPO is ₹14819, based on one lot of 73 shares at the upper price band of ₹203 per share.
Investors can apply for the DEE Piping Systems IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Jun 21, 2024. The application amount remains blocked until the DEE Piping Systems IPO allotment is finalized.
DEE Piping Systems IPO issue size is ₹418.01 crores.
DEE Piping Systems IPO allotment date is Wed, Jul 1, 2026.
The registrar for DEE Piping Systems IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check DEE Piping Systems IPO allotment status, refund processing, and other IPO-related information.
The DEE Piping Systems IPO GMP (Grey Market Premium) is ₹90 as of Wed, Jun 26, 2024. Based on the upper price band of ₹203 per share, the estimated DEE Piping Systems IPO listing price is ₹293, indicating a potential listing gain of approximately 0% over the issue price.