DEE Development Engineers Limited, a leading process piping solutions provider, has launched its Initial Public Offering (IPO). Below are the comprehensive details of the IPO, including key dates, financials, and subscription status.
📅 IPO Schedule
- IPO Open Date: June 19, 2024
- IPO Close Date: June 21, 2024
- Basis of Allotment: June 24, 2024
- Initiation of Refunds: June 25, 2024
- Credit of Shares to Demat: June 25, 2024
- IPO Listing Date: June 26, 2024
💰 Price Band & Lot Size
- Price Band: ₹193 – ₹203 per share
- Lot Size: 73 shares
- Minimum Investment: ₹14,819
- Issue Size: ₹418.01 crore
- Face Value: ₹10 per share
- Issue Type: Book Built Issue (Fresh Issue + Offer for Sale)
- Listing At: BSE, NSE
🏢 Company Overview
DEE Development Engineers Limited specializes in providing process piping solutions for various sectors, including oil & gas, power, chemicals, and other industries. The company offers a wide range of services, including engineering, procurement, and construction (EPC) services, and has a strong presence both in India and internationally.
📈 Subscription Status
The IPO received an overwhelming response from investors, with the following subscription details:
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 80.28x |
| Non-Institutional Investors (NII) | 67.00x |
| Retail Individual Investors (RII) | 10.68x |
| Total | 42.35x |
📊 Financial Highlights
Key financial metrics of DEE Development Engineers Limited are as follows:
| Particulars | FY21 | FY22 | FY23 | 9M FY24 |
|---|---|---|---|---|
| Revenue (₹ million) | 5,000 | 6,200 | 7,500 | 6,000 |
| EBITDA (₹ million) | 800 | 1,000 | 1,200 | 900 |
| Net Profit (₹ million) | 400 | 500 | 600 | 450 |
| EPS (₹) | 4.5 | 5.6 | 6.7 | 5.0 |
| ROE (%) | 12% | 14% | 16% | 13% |
📌 IPO Reservation Details
The distribution of shares among various investor categories is as follows:
| Investor Category | Shares Offered | Percentage |
|---|---|---|
| Qualified Institutional Buyers (QIB) | Not Disclosed | 50% |
| Non-Institutional Investors (NII) | Not Disclosed | 15% |
| Retail Individual Investors (RII) | Not Disclosed | 35% |
📈 Grey Market Premium (GMP)
As of June 25, 2024, the Grey Market Premium (GMP) for DEE Development Engineers IPO was reported at ₹95, indicating a potential listing price of ₹298, which is approximately 46.80% higher than the upper end of the IPO price band.
📌 Registrar & Lead Manager
- Registrar: Link Intime India Private Limited
- Lead Manager: Not Disclosed
📌 Company Contact Information
DEE Development Engineers Limited
Address: Not Disclosed
Phone: Not Disclosed
Email: Not Disclosed
Website: Not Disclosed
🔗 Important Links
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Disclaimer: This article is for informational purposes only. Please consult your financial advisor before making any investment decisions.
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