#NSE0107 – DEE Piping
DEE Piping Systems IPO Details
Total Issue Size: ₹418.01 crores
- Fresh Issue: 1.6 crore shares aggregating to ₹325.00 crores
- Offer for Sale: 0.46 crore shares aggregating to ₹93.01 crores
Subscription Dates:
- Opening Date: June 19, 2024
- Closing Date: June 21, 2024
Allotment and Listing:
- Allotment Finalization: June 24, 2024 (Monday)
- Listing Date: June 26, 2024 (Wednesday)
- Listing Exchanges: BSE, NSE
Price Band: ₹193 to ₹203 per share
Minimum Lot Size:
- Retail Investors: 73 shares (minimum investment ₹14,819)
- sNII (Small Non-Institutional Investors): 14 lots (1,022 shares), amounting to ₹207,466
- bNII (Big Non-Institutional Investors): 68 lots (4,964 shares), amounting to ₹1,007,692
Key Dates and Investment Details
- Subscription Period: June 19, 2024 – June 21, 2024
- Price Band: ₹193 – ₹203 per share
- Minimum Investment for Retail Investors: ₹14,819
- Allotment Date: June 24, 2024
- Listing Date: June 26, 2024
Investment Categories
- Retail Investors: Minimum 73 shares, investment ₹14,819
- sNII (Small Non-Institutional Investors): Minimum 1,022 shares, investment ₹207,466
- bNII (Big Non-Institutional Investors): Minimum 4,964 shares, investment ₹1,007,692
DEE Development Engineers Limited: Company Overview
Founded: 1988
Industry: Engineering and Specialized Process Piping Solutions.
Services Provided:
- Engineering
- Procurement
- Manufacturing
Recent Expansion:
- New Business Vertical: Design, engineering, fabrication, and manufacturing of pilot plants
- New Facility: Palwal Facility III
Employee Strength:
- Total Employees (as of March 31, 2024): 1,061
- Skilled Workforce:
- 54 highly skilled welders with certifications such as:
- CSWIP 3.0 and 3.1
- AWS-CWI
- CWV
- 53 highly skilled employees in non-destructive examination with certifications such as:
- NDE Level II qualifications as per ASNT/SNT-TC-1A
- NDE Level III qualifications as per BS EN ISO 9712
Key Points
Experience and Expertise:
- Over 35 years of experience in providing specialized piping solutions.
- Strong foothold in critical industries such as oil and gas, power, and chemicals.
Skilled Workforce:
- Highly trained professionals with internationally recognized certifications ensure quality and precision in engineering and manufacturing processes.
Innovation and Expansion:
- Recently diversified into the pilot plant business, demonstrating a commitment to growth and adaptation to new market demands.
Facilities and Infrastructure:
- State-of-the-art facilities, including the recently added Palwal Facility III, equipped to handle complex engineering and manufacturing tasks.
Utilization of Net Proceeds from the Fresh Issue
Funding Working Capital Requirements
Prepayment or Repayment of Borrowings:
General Corporate Purposes
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
