
✓
Open
19 Jun 2024
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Close
21 Jun 2024
3
Allotment
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Listing
Wed, Jun 26, 2024
Price Band
₹193 to ₹203
Issue Size
2,05,96,938 shares (agg. up to ₹418 Cr)
Lot Size
73 Shares
Listing Date
Wed, Jun 26, 2024
Latest GMP
₹90
Est. Gain
44.33%
✦ AI Insight
GMP Trend
26-06-2024₹90Est. ₹293+44.33%
25-06-2024₹90Est. ₹293+44.33%
24-06-2024₹91Est. ₹294+44.83%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 72.53x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1,171.01 | 966.26 | 845.40 | 835.88 |
| Total Income | 557.86 | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 14.34 | 12.97 | 8.20 | 14.21 |
| NET Worth | 428.19 | 413.70 | 401.37 | 448.50 |
| Reserves and Surplus | 380.23 | 408.17 | 395.85 | 432.81 |
| Total Borrowing | 407.14 | 352.62 | 285.36 | 257.17 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| JNK India Ltd. | Mainboard | ₹649.47 Cr | ₹415 | 43.32 | ₹694.55 | +67.36% | ₹496.85 (-8.78%) |
| Jyoti CNC Automation Ltd. | Mainboard | ₹1,000.00 Cr | ₹331 | 433.43 | ₹434.20 | +31.18% | ₹799.05 (-0.59%) |
| Cyient DLM Ltd. | Mainboard | ₹592.00 Cr | ₹265 | 66.25 | ₹420.60 | +58.72% | ₹586.90 (+9.08%) |
| Energy-Mission Machineries (India) Ltd. | SME | ₹41.15 Cr | ₹138 | 14.58 | ₹384.25 | +178.44% | ₹126.60 (-5.52%) |
| Faalcon Concepts Ltd. | SME | ₹12.09 Cr | ₹62 | 16.85 | ₹90.25 | +45.56% | ₹40.95 (+2.63%) |
| Vruddhi Engineering Works Ltd. | SME | ₹4.76 Cr | ₹70 | 17.13 | ₹74.55 | +6.50% | ₹224.25 (+6.76%) |
| Sona Machinery Ltd. | SME | ₹51.82 Cr | ₹143 | 18.8 | ₹131.25 | -8.22% | ₹32.75 (+0.46%) |
| Shri Balaji Valve Components Ltd. | SME | ₹21.60 Cr | ₹100 | 9.33 | ₹199.50 | +99.50% | ₹105.00 (+4.63%) |
| Presstonic Engineering Ltd. | SME | ₹23.30 Cr | ₹72 | 6.28 | ₹147.00 | +104.17% | ₹26.00 (+1.17%) |
| Arrowhead Seperation Engineering Ltd. | SME | ₹13.00 Cr | ₹233 | 18.09 | ₹237.50 | +1.93% | ₹70.00 (+0.00%) |
| Kalyani Cast Tech Ltd. | SME | ₹30.11 Cr | ₹139 | 8.67 | ₹277.30 | +99.50% | ₹802.65 (+5.00%) |
| Vinyas Innovative Technologies Ltd. | SME | ₹54.66 Cr | ₹165 | 8.4 | ₹346.50 | +110.00% | ₹1,348.00 (+3.69%) |
| Sunita Tools Ltd. | SME | ₹22.04 Cr | ₹145 | 16.88 | ₹147.25 | +1.55% | ₹885.15 (+2.00%) |
| Global Pet Industries Ltd. | SME | ₹13.23 Cr | ₹49 | 23 | ₹52.80 | +7.76% | ₹144.05 (-3.61%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements of our Company | 75.00 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 175.00 |
| 3 | General corporate purposes | 47.13 |
About DEE Development Engineers IPO
Founded in 1988, DEE Development Engineers Limited is an engineering company that provides specialized process piping solutions for oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. The company also manufactures and supplies piping products, including high-pressure piping systems, piping spools, high frequency induction pipe bends, longitudinally submerged arc welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories. These accessories include boiler superheater coils, de-superheaters, and other customized manufactured components. The company has seven manufacturing facilities in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three manufacturing facilities located in Palwal, Haryana. The company's manufacturing facilities had a cumulative installed capacity of 70,875 MT for the nine months ended December 31, 2023, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively. The company recently expanded into a new business vertical, offer
Contact Details
DEE Development Engineers Ltd. AddressUnit 1, Prithla-Tatarpur RoadVillage TatarpurDistPalwalFaridabad, Haryana, 121102+91 1275 248345secretarial@deepiping.comVisit Website