73  Total SME IPOs listed in 2025

3,196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

73  Total SME IPOs listed in 2025

3196.85 Crs.  Total funds raised in 2025

49  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

DEE Development Engineers IPO (DEE Development Engineers Limited IPO) Detail

DEE Development Engineers IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 418.01 Cr. The company is based in Faridabad and caters to Engineering - EPC sector. Equirus Capital , SBI Capital Markets are the merchant bankers of DEE Development Engineers IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.

DEE Development Engineers IPO open date is 19th June 2024 and close date is 21st June 2024. IPO Allotment Date is 24th June 2024 and Listing date is 26th June 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 418.01 Cr. Avg IPO Size (Sector Based) : ₹ 496.84 cr.
  • Sector: Engineering - EPC IPO so far: 12
  • Merchant Banker: Equirus Capital IPO by BRLM so far: 27
  • City: Faridabad IPO so far: 3
  • Revenue (annualised): ₹ 743.81 cr.
            PAT: (annualised): ₹ 19.12 cr. Read Financial Information >>
  • PE Ratio: 73.33x Average Sector PE Ratio: 20.28x

DEE Development Engineers IPO Date

Date of DRHP:
28th September 2023
IPO Open Date:
19th June 2024
IPO Close Date:
21st June 2024
IPO Allotment Date:
24th June 2024
Initiation of Refund:
25th June 2024
IPO Listing Date:
26th June 2024

DEE Development IPO Info, Size, Subscription

DEE Development Engineers IPO size is ₹ 418.01 Cr. with IPO price of ₹ 203.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 418.01 Cr.

Issue Price:
₹ 203.00

Market Capitalisation :
₹ 1401.69 Cr.

PE multiple :
73.33

Subscription :
103.30 times

Pre Issue Promoter Holding :
100.00 %

Post Issue Promoter Holding :
0.00 %

DEE Development Engineers IPO Information

Sub Sector : specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing.?
DEE Development Engineers Limited is an engineering firm providing specialized process piping solutions to industries such as oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. With over three and a half decades of manufacturing experience, the company has successfully leveraged its brand, strategically located manufacturing facilities, and engineering capabilities to expand its business. It manufactures and supplies various piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, LSAW pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories like boiler superheater coils, de-super heaters, and other customized components. The company is currently ranked as one of the leading process pipe solution providers in the world, known for its technical capability to
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Object of Issue (DEE Development IPO Objectives)

  • Funding working capital requirements of the Company
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  • General corporate purposes

Equirus Capital Private Limited is the book-running lead manager of the DEE Development Engineers IPO. Link Intime India Private Limited is the Registrar for DEE Development Engineers IPO.

DEE Development IPO Registrar (RTA)

Link Intime India Private Limited

DEE Development Engineers IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is DEE Development Engineers IPO?

DEE Development Engineers IPO, based in Faridabad, operates in the   Engineering - EPC sector with a focus on specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing.?. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. DEE Development Engineers IPO size is ₹ 418.01 Cr. with fresh issue size of ₹ 325.00 Cr. and Offer for sale being ₹ 93.01Cr.

When is DEE Development IPO allotment?

The IPO allotment date for DEE Development Engineers IPO is expected to be 24th June 2024, after the finalization of basis of allotment. Investors can check DEE Development Engineers IPO allotment status on the registrars website, Link Intime India Private Limited . DEE Development Engineers IPO refund dates are 25th June 2024.

When is DEE Development Engineers IPO listing date?

DEE Development Engineers IPO is expected to be listed on 26th June 2024.

What is the price band for DEE Development IPO?

The upper price band for the DEE Development Engineers IPO is set at ₹ 203.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is DEE Development Engineers IPO Review?

For IPO analysis on DEE Development Engineers IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for DEE Development Engineers IPO?

To apply for the DEE Development Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 21st June 2024. After submission, funds are blocked until the basis of allotment of DEE Development Engineers IPO is finalised.

Who is the merchant banker of DEE Development IPO?

The merchant banker for DEE Development Engineers IPO is Equirus Capital Private Limited , SBI Capital Markets Limited . Equirus Capital Private Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the DEE Development Engineers IPO RHP for further details.

Who is the Registrar of DEE Development Engineers IPO?

The registrar for DEE Development Engineers IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to DEE Development Engineers IPO through their official website or helpline.

What is the DEE Development Engineers IPO subscription?

DEE Development Engineers IPO was subscribed 103.30 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

DEE Development Engineers IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on DEE Development Engineers Financial Review Page

DEE Development Engineers IPO subscription was 103.30 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

DEE Development Engineers IPO listed at a listing price of 335.00 against the offer price of 203.00.

The current market price of DEE Development Engineers is 276.55.

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