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DEE Development Engineers IPO IPO

Mainline19 Jun 202421 Jun 2024
Open
19 Jun 2024
Close
21 Jun 2024
3
Allotment
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

26-06-202490Est. ₹293+44.33%
25-06-202490Est. ₹293+44.33%
24-06-202491Est. ₹294+44.83%

Live Subscription

CategorySubscription (times)
Total72.53x

Restated Financials (₹ Cr.)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,171.01966.26845.40835.88
Total Income557.86614.32470.84513.03
Profit After Tax14.3412.978.2014.21
NET Worth428.19413.70401.37448.50
Reserves and Surplus380.23408.17395.85432.81
Total Borrowing407.14352.62285.36257.17
Amount in ₹ Crore

Peer Comparison

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
JNK India Ltd.Mainboard₹649.47 Cr₹41543.32₹694.55+67.36%₹496.85 (-8.78%)
Jyoti CNC Automation Ltd.Mainboard₹1,000.00 Cr₹331433.43₹434.20+31.18%₹799.05 (-0.59%)
Cyient DLM Ltd.Mainboard₹592.00 Cr₹26566.25₹420.60+58.72%₹586.90 (+9.08%)
Energy-Mission Machineries (India) Ltd.SME₹41.15 Cr₹13814.58₹384.25+178.44%₹126.60 (-5.52%)
Faalcon Concepts Ltd.SME₹12.09 Cr₹6216.85₹90.25+45.56%₹40.95 (+2.63%)
Vruddhi Engineering Works Ltd.SME₹4.76 Cr₹7017.13₹74.55+6.50%₹224.25 (+6.76%)
Sona Machinery Ltd.SME₹51.82 Cr₹14318.8₹131.25-8.22%₹32.75 (+0.46%)
Shri Balaji Valve Components Ltd.SME₹21.60 Cr₹1009.33₹199.50+99.50%₹105.00 (+4.63%)
Presstonic Engineering Ltd.SME₹23.30 Cr₹726.28₹147.00+104.17%₹26.00 (+1.17%)
Arrowhead Seperation Engineering Ltd.SME₹13.00 Cr₹23318.09₹237.50+1.93%₹70.00 (+0.00%)
Kalyani Cast Tech Ltd.SME₹30.11 Cr₹1398.67₹277.30+99.50%₹802.65 (+5.00%)
Vinyas Innovative Technologies Ltd.SME₹54.66 Cr₹1658.4₹346.50+110.00%₹1,348.00 (+3.69%)
Sunita Tools Ltd.SME₹22.04 Cr₹14516.88₹147.25+1.55%₹885.15 (+2.00%)
Global Pet Industries Ltd.SME₹13.23 Cr₹4923₹52.80+7.76%₹144.05 (-3.61%)

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Funding working capital requirements of our Company75.00
2Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company175.00
3General corporate purposes47.13

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