DEE Development Engineers Limited IPO
DEE Development Engineers Limited IPO is listed on BSE and NSE, priced at ₹193–₹203 per share. The stock debuted at ₹339, delivering a listing gain of 67.0%. The IPO had a lot size of ₹73 shares and a minimum investment of ₹14,819.
DEE Development Engineers Limited IPO
- IPO Dates
- Jun 19, 2024 – Jun 21, 2024
- Price band
- ₹193-203 per equity share
- Minimum Investment
- ₹14,819
- Issue size
- ₹418.01 Cr
- Lot size
- 73
- Allotment Date
- Jun 24, 2024
- Listing
- Jun 26, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Jun 19, 2024
Open Date
Completed
-
Jun 21, 2024
Close Date
Completed
-
Jun 24, 2024
Allotment Date
Completed
-
Jun 26, 2024
Listing Date
Completed
Price Summary
- Last closing
- 500.00 (146.31%)
- 52 week high
- 511.00
- 52 week low
- 183.00
- Last update
DEE Development Engineers Limited IPO Essentials
DEE Development Engineers Limited IPO Details
DEE Development Engineers Limited IPO is priced at ₹193-203 per share with a total issue size of 418.01 crore. The IPO has a lot size of 73 shares and is listed on BSE and NSE.
- Issue price
- ₹193-203 per equity share
- Lot size
- 73 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹418.01 Cr :
#Fresh Issue : 16,009,852 shares(aggregating up to ₹325.00 Cr) +
#OFS : 4,582,000 shares of ₹10(aggregating up to ₹93.01 Cr) - Total issue size
- 2,05,91,852 shares
(aggregating up to ₹418.01 crore) - Fresh issue
- 1,60,09,852 shares
(aggregating up to ₹325 crore) - Offer for sale (OFS)
- 45,82,000 shares
(aggregating up to ₹93.01 crore) - Listing at
- BSE, NSE
- List price
- 339.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
SBI Capital Markets Limited, Equirus Capital Private Limited
Market Lot Size
Investors can bid for a minimum of 73 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 73 | ₹14,819 |
| Retail(max) | 13 | 949 | ₹1,92,647 |
DEE Development Engineers Limited IPO Reservation
DEE Development Engineers Limited IPO reservation details show category-wise allocation of shares. Out of the total 20,542,591 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 6,162,777 (30%) | |
| QIB Shares Offered | 4,108,518 (20%) | |
| NII (HNI) Shares Offered | 3,081,389 (15%) | |
| bHNI > ₹10L | 2,054,260 (10%) | 2,010 |
| sHNI < ₹10L | 1,027,129 (5%) | 1,005 |
| Retail Shares Offered | 7,189,907 (35%) | 98,491 |
| Total Shares Offered | 20,542,591 (100%) |
DEE Development Engineers Limited IPO Analytics
DEE Development Engineers Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
DEE Development Engineers Limited IPO Subscription Status
DEE Development Engineers Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,108,518 |
3,081,389
2,054,260
1,027,129
|
3,657,500 | 14,379,814 |
|
Day 1
19-06-24 05:00 PM
|
0.02 x |
5.29x
5.15x
5.57x
|
2.68 x | 2.51 x |
|
Day 2
20-06-24 05:00 PM
|
0.16 x |
21.73x
21.29x
22.62x
|
8.43 x | 9.00 x |
|
Day 3
21-06-24 05:00 PM
|
201.91 x |
142.26x
159.30x
108.18x
|
21.27 x | 98.09 x |
DEE Development Engineers Limited Valuations
Earnings
- EPS Pre IPO
- ₹2.45/-
- EPS Post IPO
- ₹2,77/-
- P/E Pre IPO
- 83
- P/E Post IPO
- 73.33
Returns
- ROCE
- 3.91%
- RoNW
- 3.35%
- PAT Margin
- 2.63
Fundamentals
- Debt / Equity
- 0.85
- Price / Book
- 2.46
DEE Development Engineers Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 966.26 | 845.40 | 835.88 |
| Revenue | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 12.97 | 8.20 | 14.21 |
| Net Worth | 413.70 | 401.37 | 448.50 |
| Reserves & Surplus | 408.17 | 395.85 | 432.81 |
| Total Borrowing | 352.62 | 285.36 | 257.17 |
DEE Development Engineers Limited Company & Offer Insights
About DEE Development Engineers Limited
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 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.
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.
As of March 31, 2024, the company has 1,061 employees, including 54 highly skilled welders with certifications like CSWIP 3.0 and 3.1, AWS-CWI, and CWV, and 53 employees are highly skilled in non-destructive examination with certifications like NDE level II qualifications as per ASNT/SNT-TC-1A, and NDE level III qualifications as per BS EN ISO 9712.
DEE Development Engineers Limited Promoter(s)
Krishan Lalit Bansal, Ashima Bansal, DDE Piping Components Private Limited are the company's promoters of DEE Development Engineers Limited.
DEE Development Engineers Limited IPO Issue Objectives
- •
- Funding working capital requirements of the Company
- •
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- •
- General corporate purposes
DEE Development Engineers Limited IPO - Anchor Investors
Dee Development Engineers garners Rs 125 crore from anchor investors.
Citigroup Global Markets Mauritius, Morgan Stanley Asia (Singapore) Pte, Aurigin Master Fund, Pinebridge Global Funds, SBI General Insurance Company, are among the funds who have been allocated shares.
In addition, Kotak Mahindra Mutual Fund, LIC Mutual Fund, HDFC Mutual Fund and Aditya Birla Sun Life Mutual Fund have been allocated shares in the anchor round.
DEE Development Engineers Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| DEE Development Engineers Limited | 2.45 | 2.45 | 79.87 | N/A | 3.14 | N/A | Consolidated |
| Isgec Heavy Engineering Ltd | 26.72 | 26.72 | 325.32 | 42.4 | 8.59 | N/A | Consolidated |
Notes:
- Basic EPS (₹) = Restated profit for the period/year attributable to the equity shareholders of the Company/weighted average number of equity shares outstanding after considering bonus shares which has been issued subsequent to March 31, 2023 for all periods presented in accordance with Ind AS 33.
- Diluted EPS (₹) = Restated profit for the period/year attributable to equity shareholders of the Company/weighted average number of equity shares outstanding during the period/year considered for deriving basic earnings per share and the weighted average number of Equity Shares which could have been issued on the conversion of all dilutive potential Equity Shares after considering bonus shares which have been issued subsequent to March 31, 2023 for all periods presented in accordance with Ind AS 33.
- Net asset value per Equity Share is the total equity divided by the weighted average numbers of Equity Shares outstanding during the period/year (as adjusted for the effect of bonus shares issued subsequent to March 31, 2023 and used in calculating basic earnings per share in accordance with principles of Ind AS 33).
- The company's "RONW" means return on net worth; return on net worth is the restated profit for the year divided by net worth.
- Basic EPS is sourced from the audited consolidated financial results of the peer for the year ended March 31, 2023.
- Diluted EPS is sourced from the audited consolidated financial results of the peer for the year ended March 31, 2023.
- Net asset value per Equity Share is the total equity divided by the weighted average numbers of Equity Shares outstanding during the year (as adjusted for the effect of bonus shares issued subsequent to year-end and used in calculating basic earnings per share).
- The P/E Ratio has been computed based on the closing market price of equity shares on BSE on June 10, 2024, divided by the Diluted EPS.
- Return on net worth is the restated profit for the year divided by the net worth.
DEE Development Engineers Limited IPO - Strengths and Risks
DEE Development Engineers Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
DEE Development Engineers Limited
+91 1275 248345
Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad- 121102,
Registrar Contact Details
Link Intime India Private Ltd
+91-22-4918 6270
Frequently Asked Questions
Click any question to reveal the answer
DEE Development Engineers Limited IPO is a book-built IPO worth ₹418.01 crore. The price band is ₹193–₹203 per share. The IPO opens on Jun 19, 2024 and closes on Jun 21, 2024. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of DEE Development Engineers Limited IPO is ₹193 to ₹203 per share.
The lot size of DEE Development Engineers Limited IPO is 73 shares.
The minimum investment for DEE Development Engineers Limited IPO is approximately ₹14,819 based on the upper price band .
DEE Development Engineers Limited IPO opens on Jun 19, 2024 and closes on Jun 21, 2024.
The allotment date of DEE Development Engineers Limited IPO is Jun 24, 2024.
DEE Development Engineers Limited IPO is expected to be listed on Jun 26, 2024, on BSE and NSE .
DEE Development Engineers Limited IPO listed on Jun 26, 2024. It was issued at ₹339.0(NSE) and is currently around ₹500.00 as on 14-May-2026 3:30 PM, which is approximately 146.3% versus issue price. The 52-week high is ₹511.00.
Based on listing and post-listing performance, DEE Development Engineers Limited IPO delivered around 146.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy DEE Development Engineers Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
DEE Development Engineers Limited IPO valuation snapshot: P/E 73.33, EPS ₹2,77/-, P/B 2.46, RoNW 3.35%, and market cap N/A.
To apply for DEE Development Engineers Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of DEE Development Engineers Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for DEE Development Engineers Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check DEE Development Engineers Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the DEE Development Engineers Limited IPO allotment status on IPO Ji for quick and easy access.