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IPO Status: Listed [19th Jun 2024 to 21st Jun 2024]
DEE Development Engineers IPO, a Mainline IPO of ₹418.01 Cr was launced on 19-06-2024 to 21-06-2024 and the shares got listed on BSE, NSE on 26-06-2024.
The public issue of DEE Development Engineers IPO (DEEDEV,544198) was offered at ₹203.00 per share and the ipo was listed at ₹339.00. It has delivered listing gain of 67.00%.
As the minimum lot size was 73 shares, the IPO has offered Rs 9928.00 per lot return on listing.
| IPO Issue Opening Date: | 19th Jun 2024 |
| IPO Issue Closing Date: | 21st Jun 2024 |
| IPO Issue Price: | ₹193.00-203.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹418.01 Cr |
| Offer for Sale: | ₹93.01 Cr |
| Fresh Issue: | ₹325.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Emplopee:19.00 |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544198 |
| NSE Code: | DEEDEV |
Get important updates regarding DEE Development Engineers IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Jun 2024 |
| Refunds Initiation* | 25th Jun 2024 |
| Credit of Shares to Demat* | 25th Jun 2024 |
| IPO Listing Date* | 26th Jun 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹193.00-203.00 |
| Market Lot: | 73 Shares |
| 1 Lot Amount: | ₹14819 |
| Min Small HNI Lots(2-10 Lakh): | 1022 shares (14 lots) - ₹207466 |
| Min Big HNI Lots(10+ Lakh): | 4964 shares (68 lots) - ₹1007692 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-06-2024 | 203.00 | 90 | 5000/70000 | ₹293 (44.33%) | 26-Jun-2024 10:30 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Dee Development Engineers Limited was incorporated in Mar 1998, and this company is an engineering firm that provides specialized process piping solutions to industries such as oil and gas, power (including nuclear), chemical and other process industries through engineering, procurement and manufacturing. The company has over three and a half decades of manufacturing experience and has been able to leverage its brand, strategically located manufacturing facilities and engineering capabilities to successfully grow its business.
As part of its specialized process piping solutions, the company also manufactures and supplies piping products such as high pressure piping systems, pipe spools, high frequency induction elbows, submerged arc welded longitudinal pipe, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories such as boiler superheater spools, superheaters and other custom components.
The company also specializes in processing complex metals such as various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel and other materials such as Inconel and Hastelloy.
The company has seven strategically located manufacturing facilities in Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan. Numaligarh in Assam and Bangkok in Thailand, with three manufacturing facilities located in Palwal, Haryana. In addition, the company operates a temporary manufacturing facility in Barmer, Rajasthan, which has been set up specifically for the piping and assembly requirements of HPCL Rajasthan Refinery Limited (the “Barmer Satellite Facility”). The wholly owned subsidiary DFIPL also operates a facility for heavy industries in Anjar, Gujarat (the “Anjar Heavy Fabrication Facility”). In addition, the company has a dedicated engineering facility in Chennai in Tamil Nadu (the “Chennai Engineering Facility”).
The Company intends to offer pilot plant, including 3D modeling, process simulation, control engineering, design, fabrication and construction of a pilot plant and subsequent installation of the pilot plant at the location specified by the customer.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | Civil Construction | ₹418.01 Cr | https://www.deepiping.com/ |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,108,518 (28.57%) | 3,081,389 (21.43%) | 7,189,907 (50%) | 14,379,814 | |
| 1 | 19th Jun 2024 19:04 | 0.03x | 5.54x | 2.87x | 2.66x |
| 2 | 20th Jun 2024 19:04 | 0.16x | 22.67x | 8.90x | 9.43x |
| 3 | 21st Jun 2024 18:21 | 206.54x | 149.38x | 23.66x | 103.03x |
DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,171.01 | 966.26 | 845.40 | 835.88 |
| Revenue | 557.86 | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 14.34 | 12.97 | 8.20 | 14.21 |
| Net Worth | 428.19 | 413.70 | 401.37 | 448.50 |
| Reserves and Surplus | 380.23 | 408.17 | 395.85 | 432.81 |
| Total Borrowing | 407.14 | 352.62 | 285.36 | 257.17 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| DEE Development Engineers Limited | 2.45 | 2.45 | 79.87 | 3.14 | Consolidated | |
| Isgec Heavy Engineering Ltd | 26.72 | 26.72 | 325.32 | 42.4 | 8.59 | Consolidated |
Last Updated on 30-Jun-2024 07:02:44
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DEE Development Engineers IPO Review and Important Updates
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| DEE Development Engineers IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in DEE Development Engineers IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in DEE Development Engineers IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in DEE Development Engineers IPO. Most of the Syndicate Banks provide access to apply in DEE Development Engineers IPO via ASBA process. You must have your net banking access, DP ID information to apply in DEE Development Engineers IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in DEE Development Engineers IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
DEE Development Engineers IPO Review and Important Updates
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Applying in DEE Development Engineers IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download DEE Development Engineers IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
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DEE Development Engineers IPO Review and Important Updates
Steps to download the online application form for DEE Development Engineers IPO
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DEE Development Engineers IPO is going to be list on 26-06-2024. NSE Code for DEE Development Engineers is DEEDEV. BSE Code for DEE Development Engineers is 544198.
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DEE Development Engineers IPO Allotment Date is 24-06-2024.
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DEE Development Engineers IPO share allotment date?DEE Development Engineers IPO allotment date?
