DEE Piping Systems IPO Details: DEE Piping Systems has scheduled its IPO to open on June 19 and close on June 21, aiming to raise approximately ₹418.01 crores. This includes a fresh issue of ₹325 crores and an offer for sale of up to ₹93.01 crores, with equity shares priced at ₹10 each. The IPO allocation consists of 35% for retail investors, 50% for qualified institutional buyers (QIB), and 15% for high net worth individuals (HNI).
DEE Development Engineers Limited, a prominent engineering firm, specializes in providing advanced process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries. With over three and a half decades of manufacturing experience, the company has successfully expanded its business by leveraging its brand, strategically located manufacturing facilities, and engineering expertise.
Their product portfolio includes 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 such as boiler superheater coils, de-superheaters, and other customized components. DEE Development Engineers Limited is recognized as a leading global provider of process piping solutions, renowned for their technical capabilities to address complex piping requirements across various industrial segments.
The company offers comprehensive process piping solutions, including pre-bid engineering, basic engineering, detailed engineering, and support engineering for process/power piping systems. Their pre-fabrication services encompass cutting and beveling on both conventional and CNC machines, welding services using semi-automatic and fully automatic robotic welding machines, conventional and digital radiography, post-weld heat treatment, hydro testing, pickling and passivation, grit blasting, and painting. They are adept at handling complex metals, including various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, Inconel, and Hastelloy, in their manufacturing processes.
DEE Piping Systems IPO Objectives:
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding working capital requirements of the Company;
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
- General corporate purposes
DEE Piping Systems IPO Review (Apply or Not)
- May be Apply
DEE Piping Systems IPO Date & Price Band Details:
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹418.01 Crores |
| Fresh Issue: | Approx ₹325 Crores |
| Offer for Sale: | Approx ₹93.01 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹193 to ₹203 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
DEE Piping Systems IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 73 | ₹14,819 |
| Retail Maximum | 13 | 949 | ₹192,647 |
| S-HNI Minimum | 14 | 1022 | ₹207,466 |
| S-HNI Maximum | 67 | 4891 | ₹992,873 |
| B-HNI Minimum | 68 | 4964 | ₹1,007,692 |
DEE Piping Systems IPO Timeline:
The DEE Piping Systems IPO will open on June 19, 2024, and close on June 21, 2024. The allotment of shares will be finalized on June 24, 2024, and the IPO is expected to be listed on June 26, 2024.
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
DEE Piping Systems IPO GMP Today:
The latest Grey Market Premium (GMP) for DEE Development Engineers IPO is ₹35. With a price band set at ₹203, the estimated listing price is ₹238 (cap price + today’s GMP). This suggests an expected gain of approximately 17.24% per share.
DEE Piping Systems Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹513 | ₹504 | ₹14.21 |
| 2022 | ₹471 | ₹458 | ₹8.20 |
| 2023 | ₹614 | ₹594 | ₹12.97 |
| December 2023 | ₹558 | ₹539 | ₹14.34 |
DEE Piping Systems IPO Valuation – FY2023
Check DEE Piping Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.45 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 3.14% |
| Net Asset Value (NAV): | ₹79.87 per Equity Share |
Peer Group
- ISGEC Heavy Engineering Limited
Company Promoters
- Krishan Lalit Bansal
- Ashima Bansal
- DDE Piping Components Private Limited
DEE Piping Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dde.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
DEE Piping Systems IPO Allotment Status Check
Check DEE Piping Systems IPO allotment status on Linkintime website allotment URL. Click Here
DEE Piping Systems IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Equirus Capital Private Limited
Company Address
DEE Development Engineers Limited
Unit 1, Prithla-Tatarpur Road,
Village Tatarpur,
Dist. Palwal, Faridabad- 121102,
Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: https://www.deepiping.com/
DEE Piping Systems IPO FAQs:
General Information
1. What are the dates for the DEE Piping Systems IPO?
- The DEE Piping Systems IPO will open on June 19, 2024, and close on June 21, 2024.
2. When will the allotment of shares be finalized?
- The allotment of shares will be finalized on June 24, 2024.
3. When is the expected listing date for DEE Piping Systems IPO?
- The IPO is expected to be listed on June 26, 2024.
Financial Details
4. What is the price band for the DEE Piping Systems IPO?
- The price band for the IPO is set at ₹203 per share.
5. How much is DEE Piping Systems planning to raise through the IPO?
- DEE Piping Systems aims to raise approximately ₹418.01 crores through the IPO. This includes a fresh issue of ₹325 crores and an offer for sale of up to ₹93.01 crores.
6. What is the Grey Market Premium (GMP) for DEE Piping Systems IPO?
- As of June 14, 2024, the GMP is ₹35.
7. What is the estimated listing price of the DEE Piping Systems IPO?
- The estimated listing price, based on the current GMP, is ₹238 per share.
8. What is the expected gain per share?
- The expected gain per share is approximately 17.24%.
Investment Details
9. What are the investment quotas for different investor categories?
- The retail quota is 35%, the QIB (Qualified Institutional Buyers) quota is 50%, and the HNI (High Net Worth Individuals) quota is 15%.
10. What is the minimum and maximum investment allowed?
- The specific minimum and maximum investment amounts depend on the number of shares allocated to each category and individual investment limits. Investors should refer to the IPO prospectus for detailed information.
Company Information
11. What does DEE Development Engineers Limited do?
- DEE Development Engineers Limited is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries. They offer a range of products and services including high-pressure piping systems, piping spools, industrial pipe fittings, and engineering services.
12. How long has DEE Development Engineers Limited been in business?
- The company has over three and a half decades of manufacturing experience.
Subscription Process
13. How can I apply for the DEE Piping Systems IPO?
- Investors can apply for the IPO through their broker or through online IPO applications provided by their bank or brokerage firm. Detailed steps are usually provided on the platforms during the IPO period.
14. What documents do I need to apply for the IPO?
- You will typically need a Demat account, PAN card, bank account details, and sufficient funds in your account. Ensure your KYC details are up to date.
Post-IPO
15. How will I know if I have been allotted shares?
- Investors will be notified of their allotment status through their registered email and SMS. Alternatively, they can check the allotment status on the IPO registrar’s website.
16. What should I do if I don’t receive any shares in the allotment?
- If you do not receive any shares, the amount blocked in your bank account will be released/unblocked within a few days after the allotment is finalized.
17. Where will DEE Piping Systems shares be listed?
- The shares will be listed on the stock exchanges specified in the IPO prospectus, typically the NSE and BSE.
