Last updated on June 18, 2024
Dee Development IPO Description – Dee Development is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing.
It also manufactures and supplies piping products such as high-pressure piping systems, piping spools, high-frequency induction pipe bends, LSAW pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters, and other customized manufactured components.
The company has 6 strategically located manufacturing facilities in Haryana, Gujarat, Rajasthan, and Thailand, with 3 manufacturing facilities in Haryana. In FY 2023, the company’s manufacturing facilities had a cumulative installed capacity of 94,500 metric tonnes annually.
The company supplied the products to customers in the USA, Europe, Japan, Canada, the Middle East, Nigeria, Vietnam, Singapore, China and Taiwan. The company’s revenue from contracts with customers outside India was INR 268.59 crore, translating to 45.1% of revenues during FY 2023.
Promoters of Dee Development – Krishan Lalit Bansal, Ashima Bansal, and DDE Piping Components Private Limited
Table of Contents
Dee Development IPO Details
| Dee Development IPO Dates | 19 – 21 June 2024 |
| Dee Development Issue Price | INR 193 – 203 per share (Employee Discount – INR 19 per share) |
| Employee Discount | INR 19 per share |
| Fresh issue | INR 325 crore |
| Offer For Sale | 45,82,000 shares (INR 88.43 – 93.01 crore) |
| Total IPO size | INR 413.43 – 418.01 crore |
| Minimum bid (lot size) | 73 shares (INR 14,819) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Dee Development Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 495.22 | 460.92 | 595.50 | 545.55 |
| Expenses | 504.20 | 457.55 | 593.95 | 538.83 |
| Net income | 14.21 | 8.20 | 12.97 | 14.34 |
| Margin (%) | 2.87 | 1.78 | 2.18 | 2.63 |
Dee Development Offer News
- Dee Development IPO Subscription Status
- Dee Development RHP
- Dee Development DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Dee Development Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 2.68 | 1.55 | 2.45 | 2.77 |
| PE Ratio | – | – | 78.87 – 82.95 | 69.65 – 73.26 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 3.17 | 2.04 | 3.14 |
| NAV | 84.62 | 75.73 | 78.06 |
| ROCE (%) | 2.47 | 3.99 | 3.19 |
| EBITDA (%) | 10.84 | 14.02 | 11.62 |
| Debt/Equity | 0.36 | 0.41 | 0.45 |
Dee Development IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 18 June 2024 | 50 | – | 3,900 |
| 17 June 2024 | 50 | – | 5,100 |
| 15 June 2024 | 40 | – | 4,700 |
| 14 June 2024 | 47 | – | 6,200 |
| 13 June 2024 | 50 | – | 6,800 |
Dee Development IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the company – INR 75 crore
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company – INR 175 crore
- General corporate purposes
Dee Development – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| DEE Development Engineers | – | 2.45 | 3.14 | 79.87 | 614.32 |
| ISGEC Heavy Engineering | 30.11 | 26.72 | 8.96 | 313.39 | 6,411.71 |
Dee Development IPO Allotment Status
Dee Development IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Dee Development IPO Dates & Listing Performance
| IPO Opening Date | 19 June 2024 |
| IPO Closing Date | 21 June 2024 |
| Finalization of Basis of Allotment | 24 June 2024 |
| Initiation of refunds | 25 June 2024 |
| Transfer of shares to demat accounts | 25 June 2024 |
| Dee Development IPO Listing Date | 26 June 2024 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Dee Development IPO Reviews – Subscribe or Avoid?
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Dee Development Offer Lead Manager
SBI CAPITAL MARKETS LIMITED
1501, 15th Floor, A & B Wing, Parinee Crescenzo, G Block,
Bandra Kurla Complex, Bandra (East), Mumbai – 400 051,
Maharashtra, India
Phone: +91 22 4006 9807
Email:Â [email protected]
Website: www.sbicaps.com
Dee Development Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone:Â +91 810 811 4949
Email:Â [email protected]
Website:Â www.linkintime.co.in
Dee Development Contact Details
DEE DEVELOPMENT ENGINEERS LIMITED
Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist.
Palwal, Faridabad, Haryana – 121102, India
Phone:Â +91 1275 248345
Email: [email protected]
Website: www.deepiping.com
Dee Development IPO FAQs
How many shares in Dee Development IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for an Dee Development Public Offer?
The best way to apply for Dee Development’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Dee Development IPO GMP today?
Dee Development IPO GMP today is INR 50 per share.
What is Dee Development kostak rate today?
Dee Development kostak rate today is INR NA per application.
What is Dee Development Subject to Sauda rate today?
Dee Development Subject to Sauda rate today is INR 3,900 per application.
