DEE Development Engineers Limited

CLOSED

IPO Date: 19 Jun - 21 Jun 2024

Listing Date: 26 Jun 2024

Price Range

₹193 to ₹203 per share

Issue Size

418.01 Cr

Min Investment

14,089

Lot Size

73 Shares

Schedule of DEE Development Engineers Limited

Issue open date

19 Jun 2024

Issue close date

21 Jun 2024

UPI mandate deadline

21 Jun 2024 (5 PM)

Allotment finalization

24 Jun 2024

Share credit

25 Jun 2024

Listing date

26 Jun 2024

Mandate end date

N/A

Issue size

Funds Raised in the IPOAmount
Overall418.01 Cr
Fresh Issue Cr
Offer for Sale Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date24 Jun 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
26 Jun 202420390293 (44.33%)
25 Jun 202420390293 (44.33%)
24 Jun 202420391294 (44.83%)
23 Jun 202420391294 (44.83%)
22 Jun 202420391294 (44.83%)
21 Jun 202420388291 (43.35%)
20 Jun 202420394297 (46.31%)
19 Jun 202420395298 (46.8%)
18 Jun 202420380283 (39.41%)
17 Jun 202420350253 (24.63%)
16 Jun 202420350253 (24.63%)

Performance DEE Development Engineers Limited

Issue PriceListing GainCurrent Market PriceP/L
₹193 to ₹203 per share 884 (65.18%) 231.2613.92%

About DEE Development Engineers Limited

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.

Founded in1988
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)206.54
      Non-Institutional Investors (NIIs)149.38
      Retail Individual Investors (RIIs)23.66
      EmployeeN/A
      Total103.03