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

₹ 367.65

Current Return

81.11%

Company Financials

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

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 519.43 619.69 411.45 370.33 502.7
Total Expenditure 444.08 543.27 362.68 328.67 447.04
Operating Profit 75.34 76.42 48.77 41.65 55.66
Other Income 19.2 18.39 16.28 17.68 22.8
Interest 28.97 34.24 21.9 21.67 28.69
Depreciation 18.54 20.92 22.13 22.15 24.22
Exceptional Items 0 0 0 0 0
Profit Before Tax 47.03 39.64 21.03 15.51 25.55
Provision for Tax 15.32 12.07 -1.09 3.2 6.96
Net Profit 31.71 27.57 22.12 12.31 18.59
Adjusted EPS (Rs.) 0.4 0.35 0.28 0.23 0.35

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 15.69 15.69 15.69 10.61 10.61
Total Reserves 430.12 456.21 478.56 445.72 463.65
Borrowings 8.84 7.85 8.09 16.49 22.4
Other N/C liabilities 36.41 32.09 25.12 22.51 27.46
Current liabilities 426.79 306.71 240.35 294.98 383.47
Total Liabilities 917.85 818.56 767.81 790.29 907.58
Assets
Net Block 224.86 225.95 215.22 213.77 247.5
Capital WIP 8.06 1.88 1.45 4.26 2.59
Intangible WIP 0.34 0 0 0 0
Investments 55.86 57.11 57.12 68.2 68.2
Loans & Advances 36.09 64.72 72.26 76.49 93.34
Other N/C Assets 5.44 5.28 8.99 17.67 21.25
Current Assets 587.19 463.61 412.77 409.9 474.71
Total Assets 917.85 818.56 767.81 790.29 907.58
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024
Other Income 5.32
Profit Before Tax 11.21
Tax 3
Profit After Tax 8.21
Adjusted EPS (Rs) 1.55

Share Holding Pattern

Promoter Pledging %

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

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 47.03 39.64 21.03 15.51 25.55
Adjustment 34.43 41.13 30.51 33.05 28.94
Changes in Assets & Liabilities 68.32 6.44 23.58 12.23 -28.96
Tax Paid -16.33 -15.64 -6.37 -5.19 -4.98
Operating Cash Flow 133.45 71.57 68.75 55.6 20.55
Investing Cash Flow -37.53 -26.32 -10.06 -31.72 -52.27
Financing Cash Flow -81.53 -59.62 -55.39 -27.44 31.97
Net Cash Flow 14.39 -14.37 3.3 -3.55 0.25
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