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Dee Development Engineers Ltd IPO

DEE Development Engineers Limited is a leading global provider of specialized process piping solutions. They design, manufacture, and install piping systems for oil & gas, power, and chemical industries. With over 35 years of experience, they boast the largest installed capacity for process piping solutions in India. DEE offers a wide range of piping products and can handle complex metals for various projects. They have strategically located facilities across India and Thailand, and are continuously expanding their manufacturing capabilities.

RHP
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DRHP
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Open Date

2024-06-19

Close Date

2024-06-21

IPO Details

Check out the issue details for Dee Development Engineers Ltd IPO as disclosed in SEBI.

IPO Price

₹ 203

Price Band

₹ 193 - 203

Issue Size

418.01 Cr.

Issue Type

Book Built

Open

2024-06-19

Close

2024-06-21

Listingprice

₹ 339

ListingGain

67.00%

Listing Date

2024-06-26

CMP

₹ 240.8

Current Return

18.62%

News

DEE Development Engineers informs about newspaper advertisement4 Sep, 12:45PM DEE Development Engineers informs about disclosure 28 Aug, 5:31PM Dee Development Engineers bags purchase order worth Rs 26.58 crore 27 Aug, 3:27PM DEE Development Engineer informs about audio recording of presentation20 Aug, 5:23PM Dee Development Engineers informs about audio recording of presentation 20 Aug, 9:40AM Dee Development Engineers informs about change of CIN17 Aug, 3:20PM Dee Development Engineers bags purchase order from DOW Chemical Canada ULC16 Aug, 10:50AM Dee Development Eng. - Quaterly Results14 Aug, 6:50PM Dee Development Engineers bags purchase order worth Rs 2.24 crore3 Aug, 4:07PM Dee Development Engineers wins purchase order from Mitsubishi Heavy Industries3 Aug, 3:12PM DEE Development Engineers bags order from John Cockerill S.A., Belgium 25 Jul, 3:17PM Dee Development Engineers bags purchase order from John Zink Company25 Jul, 2:13PM DEE Development Engineers bags purchase order from BHEL19 Jul, 9:41AM Dee Development Eng. - Quaterly Results16 Jul, 8:08PM Dee Development Eng. - Quaterly Results16 Jul, 8:08PM DEE Development Engineers informs about certificate12 Jul, 5:22PM DEE Development Engineers coming with IPO to raise Rs 434.85 crore17 Jun, 2:41PM

Company Financials

You can get the following financial statements of Dee Development Engineers Ltd as of now.

Exchange

NSE: DEEDEV BSE: 544198

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is as:

  • The issue size of the DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is 418.01 Cr.
  • The price band for DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is Rs 193 to Rs 203.
  • The shares of DEE Development Engineers Limited IPO (DEE Piping Systems IPO) will list on 26th June 2024.
  • The latest tentative GMP of DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is Rs 95.
  • The shares of DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is subscribed 103.03 Times as of 21st June 2024. 

 

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) Valuation

The approx valuation of DEE Development Engineers Limited IPO (DEE Piping Systems IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 203
Existing Shares (Qty) 5.30 Cr
Fresh Issue 325 Cr
Market Cap 1400.9 Cr
EPS (FY23) Rs 2.45
PE Ratio 82.85x
Industry PE 42.40x

 

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) Issue Size

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) issue size is 418.01 Cr. 

Issue Amount
Fresh Issue 325 Cr
Offer For Sale 93.01 Cr

 

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) Market Lot

An Individual can apply for a minimum 1 lot of 73 shares and a maximum of 13 lots of 949 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 73 14,819
 Maximum 13 949 1,92,647

 

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) share offer

The shares of DEE Development Engineers Limited IPO (DEE Piping Systems IPO) is subscribed 103.03 Times as of 21st June 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 206.54 Times
Non-Institutional Minimum 15% 149.38 Times
Retail Individual Minimum 35% 23.66 Times
Total   103.03 Times

Allotment Details

Find below the dates for DEE Development Engineers Limited IPO (DEE Piping Systems IPO):

Schedule Date
Basis of Allotment 24 June 2024
Refunds 25 June 2024
Credit to Demat Account 25 June 2024
IPO Listing Date 26 June 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 619.69 411.45 370.33 502.7 644.46
Total Expenditure 543.27 362.68 328.67 447.04 568.09
Operating Profit 76.42 48.77 41.65 55.66 76.37
Other Income 18.39 16.28 17.68 22.8 21.01
Interest 34.24 21.9 21.67 28.69 40.22
Depreciation 20.92 22.13 22.15 24.22 31.06
Exceptional Items 0 0 0 0 0
Profit Before Tax 39.64 21.03 15.51 25.55 26.1
Provision for Tax 12.07 -1.09 3.2 6.96 6.29
Net Profit 27.57 22.12 12.31 18.59 19.82
Adjusted EPS (Rs.) 0.35 0.28 0.23 0.35 0.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 15.69 15.69 10.61 10.61 53.04
Total Reserves 456.21 478.56 445.72 463.65 442.65
Borrowings 7.85 8.09 16.49 22.4 55.83
Other N/C liabilities 32.09 25.12 22.51 27.46 35.93
Current liabilities 306.71 240.35 294.98 383.47 559.69
Total Liabilities 818.56 767.81 790.29 907.58 1147.14
Assets
Net Block 225.95 215.22 213.77 247.5 291.45
Capital WIP 1.88 1.45 4.26 2.59 63.74
Intangible WIP 0 0 0 0 0
Investments 57.11 57.12 68.2 68.2 68.38
Loans & Advances 64.72 72.26 76.49 93.34 97.64
Other N/C Assets 5.28 8.99 17.67 21.25 22.97
Current Assets 463.61 412.77 409.9 474.71 602.96
Total Assets 818.56 767.81 790.29 907.58 1147.14
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024
Other Income 5.32 3.89
Profit Before Tax 11.21 0.61
Tax 3 0.18
Profit After Tax 8.21 0.43
Adjusted EPS (Rs) 1.55 0.06

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 70.17 0
Jun 2024 70.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 39.64 21.03 15.51 25.55 26.1
Adjustment 41.13 30.51 33.05 28.94 50.25
Changes in Assets & Liabilities 6.44 23.58 12.23 -28.96 15.88
Tax Paid -15.64 -6.37 -5.19 -4.98 -8.2
Operating Cash Flow 71.57 68.75 55.6 20.55 84.03
Investing Cash Flow -26.32 -10.06 -31.72 -52.27 -140.49
Financing Cash Flow -59.62 -55.39 -27.44 31.97 56.46
Net Cash Flow -14.37 3.3 -3.55 0.25 0.01
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