Dee Development IPO GMP, Price, Date, Allotment

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Last updated on June 19, 2024

Dee Development IPO GMP

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.

Dee Development

Promoters of Dee Development – Krishan Lalit Bansal, Ashima Bansal, and DDE Piping Components Private Limited


Dee Development IPO Details

Dee Development IPO Dates19 – 21 June 2024
Dee Development Issue PriceINR 193 – 203 per share
(Employee Discount – INR 19 per share)
Employee DiscountINR 19 per share
Fresh issueINR 325 crore
Offer For Sale45,82,000 shares (INR 88.43 – 93.01 crore)
Total IPO sizeINR 413.43 – 418.01 crore
Minimum bid (lot size)73 shares (INR 14,819)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Dee Development Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue495.22460.92595.50545.55
Expenses504.20457.55593.95538.83
Net income14.218.2012.9714.34
Margin (%)2.871.782.182.63
Figures in INR Crores unless specified otherwise

Dee Development Offer News


Dee Development Valuations & Margins

FY 2021FY 2022FY 2023
(Pre Issue)
FY 2024
(Post-Issue)*
EPS2.681.552.452.77
PE Ratio78.87 – 82.9569.65 – 73.26
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)3.172.043.14
NAV84.6275.7378.06
ROCE (%)2.473.993.19
EBITDA (%)10.8414.0211.62
Debt/Equity0.360.410.45
*Compiled by IPO Central from Prospectus

Dee Development IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
19 June 2024804,500
18 June 2024503,900
17 June 2024505,100
15 June 2024404,700
14 June 2024476,200
13 June 2024506,800

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

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
DEE Development Engineers2.453.1479.87614.32
ISGEC Heavy Engineering30.1126.728.96313.396,411.71

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 Date19 June 2024
IPO Closing Date21 June 2024
Finalization of Basis of Allotment24 June 2024
Initiation of refunds25 June 2024
Transfer of shares to demat accounts25 June 2024
Dee Development IPO Listing Date26 June 2024
Opening Price on NSEComing soon
Closing Price on NSEComing soon

Dee Development IPO Reviews – Subscribe or Avoid?

Angel One –
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Sushil Finance –
Samco Securities – Not rated
SBI Securities – Not rated
SMC Global –
SMIFS –
Swastika Investmart – Subscribe
Ventura Securities – Subscribe


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: [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: +91 810 811 4949
Email: [email protected]
Website: 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: +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 80 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 4,500 per application.

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