DEE Piping Systems IPO (DEE Development Engineers Limited IPO)
DEE Piping Systems IPO open for bidding on 19th June 2024, and ends on 21st June 2024.
DEE Piping Systems is an engineering company providing specialized process piping solutions for industries such as oil and gas, power, and chemicals. Established over three decades ago, the company has expanded its business by leveraging its brand and strategically located manufacturing facilities, becoming a leading process pipe solution provider globally and the largest in India by installed capacity.
The company offers products including high-pressure piping systems, piping spools, pipe bends, and industrial pipe fittings. Their services encompass comprehensive engineering solutions from pre-bid to detailed engineering and prefabrication services. DEE Piping Systems specializes in handling complex metals like carbon steel, stainless steel, and alloy steel, ensuring high-quality standards and stringent specifications.
DEE Piping Systems aims to enhance its technological capabilities and expand its market reach. The company plans to invest in new equipment and fabrication techniques, focusing on reducing production costs through automation and innovation while improving operating efficiencies to offer cost-effective and high-value products.
For more details refer to DEE Piping Systems IPO RHP and DEE Piping Systems IPO Pulse Score
DEE Piping Systems IPO Details
| IPO Date | 19th June 2024 to 21st June 2024 |
| Listing Date | 26th June 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹193 to ₹203 per share |
| Lot Size | 73 Shares |
| Total Issue Size | 2,11,07,721 shares (aggregating up to ₹418.01 Cr) |
| Fresh Issue | 1,65,25,721 shares (aggregating up to ₹325.00 Cr) |
| Offer for Sale | 45,82,000 shares of ₹10 (aggregating up to ₹93.01 Cr) |
| Employee Discount | ₹19 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 61,62,777(29.2%) |
| QIB | 42,02,690(19.9%) |
| NII | 32,05,435(15.2%) |
| bNII | 21,36,957(10.1%) |
| sNII | 10,68,478(5.1%) |
| Retail | 74,79,348(35.4%) |
| Employees | 57,471(0.3%) |
| Total | 2,11,07,721(100%) |
DEE Piping Systems IPO Timeline
| IPO Open | 19th June 2024 |
| IPO Close | 21st June 2024 |
| Basis Of Allotment | 24th June 2024 |
| Initiation of Refunds | 25th June 2024 |
| Credit of Shares to Demat | 25th June 2024 |
| Listing Date | 26th June 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹1401.69 Cr | P/E Ratio- Pre IPO | 83 |
| RoNW | 3.35% | P/E Ratio- Post IPO | 73.33 |
| RoCE | 3.91% | P/B Ratio | 2.46 |
| Debt to Equity | 0.85 | PAT Margin% | 2.63 |
DEE Piping Systems IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of 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.
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