DEE Development Engineers IPO Date, Review, Price, Allotment Details

DEE Piping Systems IPO GMP Today, DEE Piping Systems IPO Grey Market Premium Updates | DEE Piping Systems IPO, Latest target, Opening gain

DEE Piping Systems IPO began on 19 June 2024. It will close on 21 June 2024. The Total IPO Size is ₹418.01 Crore Approx. The company set its IPO price is ₹193 to ₹203 per share Per Share. There are three basic categories in DEE Piping Systems IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
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 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

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:

  1. Funding working capital requirements of the Company;
  2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
  3. General corporate purposes


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.



Frequently Asked Questions

What is DEE Piping Systems IPO?

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.

When DEE Piping Systems IPO will open?

The DEE Piping Systems IPO opens on June 19, 2024 and closes on June 21, 2024.

How to apply for DEE Piping Systems IPO?

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.

When DEE Piping Systems IPO allotment?

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.

When is DEE Piping Systems IPO listing date?

The DEE Piping Systems IPO listing date is not yet announced. The tentative date of DEE Piping Systems IPO listing is June 26, 2024.

What is the lot size of DEE Piping Systems IPO?

DEE Piping Systems IPO lot size is 73 Shares and the minimum order quantity is 1 Shares.