Dee Development IPO

Dee Development Engineers Ltd

₹14,089 /73 sharesMinimum Investment

Dee Development IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹203.00₹339.00₹136.00 (67.00%)

Dee Development IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Jun ‘24 - 21 Jun ‘24₹14,08973₹193 - ₹203
Issue SizeIPO Doc
418.01Cr
RHP PDF

Subscription rate

As of 21 Jun'24, 04:00 PM
Qualified Institutional Buyers13.26x
Non-Institutional Investor83.66x
Retail Individual Investor15.57x
Employees31.39x
Total29.59x

About the company

Incorporated in 1988, DEE Development Engineers Limited (DEE Piping Systems) is an ISO-certified piping solutions company providing engineering, procurement, and manufacturing services to various process-oriented industries, including oil and gas, power (including nuclear), and chemicals. The company specialises in the manufacture and supply of a wide range of process piping products, such as high-pressure piping systems, piping spools, industrial pipe fittings and stacks, skid and modular piping, and customised components like boiler superheater coils and de-super heaters. The company has manufacturing facilities located at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan, and Bangkok, Thailand. The company has three Indian subsidiaries — DEE Fabricon India Pvt Ltd, Malwa Power Pvt Ltd, and Atul Krishan Bansal Foundation — and one foreign subsidiary — DEE Piping Systems (Thailand Co) Ltd.;
Founded in
1988
Managing director
Mr. Krishan Lalit Bansal
Parent organisation
Dee Development Engineers Ltd

Strength and risks

Strengths
Risks
For the nine months ending December 31, 2023, DEE Piping Systems generated Rs 221.11 crore in revenue from international operations, accounting for 40.53% of the total revenue. In financial years 2023, 2022, and 2021, the company earned Rs 268.59 crore (45.10%), Rs 168.15 crore (36.48%), and Rs 225.96 crore (45.63%) from operations outside India.
The company’s order has been rising consistently over the years. As of December 31, 2023, DEE Piping Systems had an order book of Rs 828.70 crore, which was 139.16% of their revenue from operations in FY2023. The order book on March 31, 2023, stood at Rs 563.35 crore, Rs. 434.57 crore on March 31, 2022, and Rs 335.68 crore on March 31, 2021.
The company holds multiple ISO certifications and is approved under the Pressure Equipment Directive norms and ASME Code to design, manufacture, inspect, and test various piping systems and components.
The company has a National Accreditation Board for Testing and Calibration Laboratories-accredited facility that conducts comprehensive tests such as tensile, hardness, and spectrometric analysis, ensuring compliance with ASME and European standards, including DIN EN ISO 3834.
The company has been in operation since 1988 in an industry with a significant entry barrier.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular193 - 203₹2 Lakh
Employee174 - 184₹2 Lakh
High Networth Individual193 - 203₹2 - 5 Lakh
For Dee Development IPO, eligible investors can apply as Regular & Employee.
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