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.

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Dee Development Engineers Ltd 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

Listing price

₹ 339

Listing Gain

67.00%

Listing Date

2024-06-26

CMP

₹ 267.45

Current Return

31.75%

Dee Development Engineers Ltd News

Dee Development starts commercial production at Seamless Pipe Plant in Gujarat 19 Mar 2026, 4:58PM DEE Development Engineers informs about commencement of commercial production19 Mar 2026, 11:27AM DEE Development Engineers informs about updates on order book 9 Mar 2026, 10:09AM DEE Development Engineers shines as its arm bags LoI for supply of HRSG piping5 Mar 2026, 3:21PM DEE Development Engineers’ arm bags LoI for supply of HRSG piping5 Mar 2026, 3:12PM Dee Development Engineers submits analyst meet intimation5 Mar 2026, 2:49PM Dee Development Engineers secures contract worth Rs 58 crore 27 Feb 2026, 10:39AM DEE Development Engineers informs about updates 27 Feb 2026, 9:48AM Dee Development zooms after bagging contracts worth Rs 173 crore with subsidiary23 Feb 2026, 11:38AM Dee Development along with subsidiary bags contracts worth Rs 173 crore23 Feb 2026, 11:19AM DEE Development Engineers informs about award of order23 Feb 2026, 9:38AM Dee Development zooms on bagging order to supply process piping solutions20 Feb 2026, 2:52PM Dee Development bags order to supply process piping solutions20 Feb 2026, 2:30PM DEE Development Engineers informs about updates on order book 9 Feb 2026, 9:28AM Dee Development Eng. - Quaterly Results4 Feb 2026, 12:00AM Dee Development Engineers informs about compliance certificate12 Jan 2026, 11:37AM DEE Development Engineers informs about press release7 Jan 2026, 11:33AM DEE Development Engineers informs about updates8 Dec 2025, 2:13PM Dee Development Eng. - Quaterly Results5 Nov 2025, 12:00AM Dee Development Engineers submits analyst meet intimation1 Nov 2025, 11:10AM

Company Financials

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

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

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

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

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 411.45 370.33 502.7 644.46 638.87
Total Expenditure 362.68 328.67 447.04 568.09 548.64
Operating Profit 48.77 41.65 55.66 76.37 90.23
Other Income 16.28 17.68 22.8 21.01 16.03
Interest 21.9 21.67 28.69 40.22 39.84
Depreciation 22.13 22.15 24.22 31.06 34.42
Exceptional Items 0 0 0 0 0
Profit Before Tax 21.03 15.51 25.55 26.1 32.01
Provision for Tax -1.09 3.2 6.96 6.29 8.66
Net Profit 22.12 12.31 18.59 19.82 23.35
Adjusted EPS (Rs.) 0.28 0.23 0.35 0.37 0.34

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 15.69 10.61 10.61 53.04 69.05
Total Reserves 478.56 445.72 463.65 442.65 754.96
Borrowings 8.09 16.49 22.4 55.83 58.5
Other N/C liabilities 25.12 22.51 27.46 35.93 30.89
Current liabilities 240.35 294.98 383.47 559.69 610.78
Total Liabilities 767.81 790.29 907.58 1147.14 1524.19
Assets
Net Block 215.22 213.77 247.5 291.45 300.79
Capital WIP 1.45 4.26 2.59 63.74 148.14
Intangible WIP 0 0 0 0 0
Investments 57.12 68.2 68.2 68.38 110.35
Loans & Advances 72.26 76.49 93.34 97.64 90.68
Other N/C Assets 8.99 17.67 21.25 22.97 27.86
Current Assets 412.77 409.9 474.71 602.96 846.38
Total Assets 767.81 790.29 907.58 1147.14 1524.19
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Other Income 4.83 0.6 2 5.19 3.81
Profit Before Tax -17.69 39.57 9.59 17.84 17.62
Tax -4.15 10.19 2.45 4.55 2.11
Profit After Tax -13.53 29.38 7.14 13.3 15.51
Adjusted EPS (Rs) -1.96 4.25 1.03 1.92 2.24

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2025 70.18 0
Sep 2025 70.21 0
Jun 2025 70.21 0
Mar 2025 70.29 0
Dec 2024 70.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 21.03 15.51 25.55 26.1 32.01
Adjustment 30.51 33.05 28.94 50.25 60.35
Changes in Assets & Liabilities 23.58 12.23 -28.96 15.88 -179.68
Tax Paid -6.37 -5.19 -4.98 -8.2 -8.66
Operating Cash Flow 68.75 55.6 20.55 84.03 -95.99
Investing Cash Flow -10.06 -31.72 -52.27 -140.49 -149.09
Financing Cash Flow -55.39 -27.44 31.97 56.46 250.24
Net Cash Flow 3.3 -3.55 0.25 0.01 5.16
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