DEE Piping Systems IPO GMP Today, DEE Piping Systems IPO Grey Market Premium Updates | DEE Piping Systems IPO, Latest target, Opening gain
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.
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.
DEE Piping Systems IPO Details:
| Issuer | DEE Piping Systems IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 19 June 2024 | |
| Issue Closes: 21 June 2024 | ||
| Price Brand | ₹193 to ₹203 per share | |
| Issue Size | ₹418.01 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 73 Shares | |
| Retail (Max) | ₹192,647 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 20,591,852 shares | |
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DEE Piping Systems IPO GMP Rates day by day
DEE Piping Systems IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 73 | ₹14,819 |
| Retail (Max) | 13 | 949 | ₹192,647 |
| S-HNI (Min) | 14 | 1,022 | ₹207,466 |
| S-HNI (Max) | 67 | 4,891 | ₹992,873 |
| B-HNI (Min) | 68 | 4,964 | ₹1,007,692 |
DEE Piping Systems IPO Date, Allotment & Listing:
| DEE Piping Systems IPO Opening Date: | JUNE 19, 2024 |
| DEE Piping Systems IPO Closing Date: | JUNE 21, 2024 |
| Basis of Allotment: | JUNE 24, 2024 |
| Initiation of Refunds: | JUNE 25, 2024 |
| Credit to Demat Account: | JUNE 25, 2024 |
| Listing Date: | JUNE 26, 2024 |
DEE Development Engineers Limited Financial Information (Restated Consolidated)
DEE Piping Systems 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 | ||||
Key Performance Indicator
The market capitalization of DEE Piping Systems IPO is Rs 1401.69 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROCE | 3.91% |
| Debt/Equity | 0.85 |
| RoNW | 3.35% |
| P/BV | 2.46 |
| PAT Margin (%) | 2.63 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.45 | 2.77 |
| P/E (x) | 83 | 73.33 |
Objects of the Issue (DEE Piping Systems IPO Objectives)
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
DEE PIPING SYSTEMS IPO ALLOTMENT STATUS
How to Apply for DEE Piping Systems IPO?
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How to Apply DEE Piping Systems IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “DEE Piping Systems”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply DEE Piping Systems IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “DEE Piping Systems”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date. 
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
DEE Piping Systems IPO is a main-board initial public offering of 20,591,852 Equity shares of the face value of ₹10 aggregating up to ₹418.01 Crores. The issue price of the IPO is ₹193 to ₹203 Per Equity Share. The minimum order quantity is 73 Shares per application and the offer type is Book Built Issue. The IPO opens on June 19, 2024 and closes on June 21, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The DEE Piping Systems IPO opens on June 19, 2024 and closes on June 21, 2024.
You can apply in DEE Piping Systems IPO online using either UPI or ASBA as payment method. SBI Capital Markets Limited and Equirus Capital Private Limited are the book running lead managers of the DEE Piping Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for DEE Piping Systems IPO will be done on June 24, 2024, and the allotted shares will be credited to your demat account by June 25, 2024. Check the DEE Piping Systems IPO allotment status.
The DEE Piping Systems IPO listing date is not yet announced. The tentative date of DEE Piping Systems IPO listing is June 26, 2024.
DEE Piping Systems IPO lot size is 73 Shares and the minimum order quantity is 1 Shares.