Bidding Dates
19 Jun 24 - 21 Jun 24
Price Range ₹
193 - 203
Total Equity
₹ 418.12Cr
Lot Size
73
Exchange Status
BSE,NSE
IPO Doc
Non-Institutional Investor
23.42×
Qualified Institutional Buyers
201.91×
Employees
44.73×
Retail Investors
23.42×
Total subscription Rate
99.56×
Offer start
19 Jun 2024
Offer end
21 Jun 2024
Allotment
24 Jun 2024
Refund initiation
25 Jun 2024
Demat transfer
25 Jun 2024
Listing
26 Jun 2024
Offer start
19 Jun 2024
Offer end
21 Jun 2024
Allotment
24 Jun 2024
Refund initiation
25 Jun 2024
Demat transfer
25 Jun 2024
Listing
26 Jun 2024
Established in 1988, DEE Development Engineers Limited is an engineering firm specializing in providing custom process piping solutions to industries such as oil and gas, power (including nuclear), and chemicals. The company operates through comprehensive services including engineering, procurement, and manufacturing. DEE Development Engineers also manufactures and supplies a range of piping products, including high-pressure piping systems, piping spools, induction pipe bends, submerged arc welding pipes, industrial fittings, pressure vessels, stacks, modular skids, and various accessories like superheater coils and de-superheaters. The company operates seven manufacturing facilities located in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand), with three facilities based in Palwal, Haryana. As of the nine months ended December 31, 2023, these facilities collectively had an installed capacity of 70,875 MT, with annual capacities for Fiscal 2023, Fiscal 2022, and Fiscal 2021 recorded at 94,500 MT, 91,500 MT, and 86,500 MT respectively. DEE Development Engineers recently diversified into a new business segment by introducing design, engineering, fabrication, and manufacturing of pilot plants at its Palwal Facility III. As of March 31, 2024, the company employs 1,061 individuals, including 54 highly skilled welders certified in CSWIP 3.0 and 3.1, AWS-CWI, and CWV. Additionally, 53 employees possess advanced qualifications in non-destructive examination, meeting NDE level II and NDE level III standards as per ASNT/SNT-TC-1A and BS EN ISO 9712.
Year Founded
21-03-1988
Promotor Details
Krishan Lalit Bansal
Particular | Pre-IPO | Post-IPO |
---|---|---|
Percentage | 100 | 70.17 |
Share Capital | 53039040 | 48457040 |
2,05,96,938.00 Cr
Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
---|---|---|---|---|---|
2024 | 1,20,753.65 | 5,303.91 | 4,631.72 | 4,526.96 | 8.2307 |
2023 | 96,306.16 | 1,060.78 | 81.97 | 81.97 | 1.5454 |
2022 | 8,429.17 | 106.08 | 1,956.23 | 1,942.16 | 3.5311 |
2020 | 91,312.91 | 1,569.27 | 1,245.31 | 1,245.31 | 1.5871 |
2021 | 83,380.57 | 1,569.27 | 81.97 | 81.97 | 1.5454 |