February 16, 2024
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Dee Development Engineers IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Dee Development Engineers IPO?
Dee Development Engineers has received approval from the Securities and Exchange Board of India (SEBI) to proceed with their respective initial public offerings (IPOs) to raise funds.
What are the promoters of Dee Development Engineers IPO?
The promoter of the Company is KRISHAN LALIT BANSAL
What are the Objects of Dee Development Engineers IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Funding working capital requirements of the Company
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and its Subsidiaries, DEE Piping Systems (Thailand) Co. Limited and DEE Fabricom India Private Limited; and
3. General corporate purposes.
What is the business of Dee Development Engineers?
Dee Development Engineers 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 has manufacturing experience of over three and a half decades and have been able to leverage its brand, strategically located manufacturing facilities and engineering capabilities to successfully expand its business. As part of its specialized process piping solutions, 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 currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirement arising from multiple industrial segments. At present, it is the largest player in process piping solutions in India, in terms of installed capacity.
It provides comprehensive specialized process piping solutions including engineering services such as pre bid engineering, basic engineering, detailed engineering and support engineering which includes engineering of process/ power piping systems for projects, and pre-fabrication services such as cutting and beveling on conventional and CNC machines, welding services on semi-automatic and fully automatic robotic welding machines, conventional and digital radiography, post weld heat treatment using CNG fired fully calibrated furnaces and induction heating process, hydro testing, pickling and passivation, grit blasting (manual and semiautomatic) and painting (manual and semiautomatic). It also specializes in handling complex metals such as varying grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel and other materials including inconel and hastelloy in its manufacturing processes.
The company six strategically located Manufacturing Facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan and Bangkok in Thailand, with three Manufacturing Facilities located at Palwal, Haryana. It also operates a temporary Manufacturing Facility in Barmer, Rajasthan which is a dedicated facility set up to cater to the piping and erection requirements of the HPCL Rajasthan Refinery Limited
In Fiscal 2023, Fiscal 2022 and Fiscal 2021, it supplied its products to domestic customers and its overseas customers in countries including USA, Europe, Japan, Canada, Middle East, Nigeria, Vietnam, Singapore, China and Taiwan. In Fiscal 2023, Fiscal 2022 and Fiscal 2021 its revenue from contracts with customers outside India was Rs. 2,685.92 million, Rs 1,681.48 million and Rs. 2,259.62 million, respectively, which represented 45.10%, 36.48% and 45.63% of its revenue from contracts with
customers for the respective periods.
For more information, click www.deepiping.com
Dee Development Engineers IPO GMP, Particulars & Guidance
| Dee Development Engineers IPO Details | |
| IPO opens on | ?, 2024 |
| IPO closes on | ?, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Sh /Rs ? Cr |
| * Fresh Issue | ? Sh /Rs 325 Cr |
| * Offer for Sale | 7900,000 Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Dee Development Engineers? | Shares | Rs. in Cr |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Dee Development Engineers IPO ? | Amount Rs. | |
| Min Retail Application | – Sh | – |
| Max Retail Application | – Sh | – |
| Small HNI (Min) application | – Sh | – |
| Small HNI (Max) application | – Sh | – |
| Big HNI Application | – Sh | – |
| What is the timetable of Dee Development Engineers IPO? | |
| IPO opens on | 2024 |
| IPO Closes on | 2024 |
| IPO Allotment on | 2024 |
| Unblocking of ASBA | 2024 |
| Credit of Shares | 2024 |
| Listing on | 2024 |
| Registered Office of Dee Development Engineers | |
| Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad, Haryana – 121102, India | |
| Who are the Lead Managers of Dee Development Engineers IPO? SBI Capital Markets Limited Equirus Capital Private Limited |
|
| Registrar to IPO | |
| Link Intime India Private Limited |
| Dee Development Engineers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 513.03 | 14.21 | 2.44 | 3.17 |
| 2021-22 | 470.84 | 8.20 | 1.53 | 2.04 |
| 2022-23 | 614.32 | 12.97 | 2.45 | 3.14 |
| Book Value of the Share on 31.03.2023 | Rs. | 79.87 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Dee Development Engineers IPO Ratio Analysis |
|
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Dee Development Engineers IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Dee Development Engg. | 10 | 614.32 | ? |
| ISGEC Heavy Engineers | 1 | 641.17 | 30.11 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Dee Development Engineers IPO Guidance
This is the much-awaited IPO. Once the price band is finalized, we will provide our guidance.
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