IPO Date: 19 Jun - 21 Jun 2024
Listing Date: 26 Jun 2024
Price Range
₹193 to ₹203 per share
Issue Size
418.01 Cr
Min Investment
₹14,089
Lot Size
73 Shares
Issue open date
19 Jun 2024
Issue close date
21 Jun 2024
UPI mandate deadline
21 Jun 2024 (5 PM)
Allotment finalization
24 Jun 2024
Share credit
25 Jun 2024
Listing date
26 Jun 2024
Mandate end date
N/A
Funds Raised in the IPO | Amount |
---|---|
Overall | 418.01 Cr |
Fresh Issue | Cr |
Offer for Sale | Cr |
Allotment Timeline | Details |
---|---|
Allotment Date | 24 Jun 2024 |
Allotment Link | {Link} |
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
Date | Ipo Price | GMP | Estimated Listing Price |
---|---|---|---|
26 Jun 2024 | ₹203 | ₹90 | ₹293 (44.33%) |
25 Jun 2024 | ₹203 | ₹90 | ₹293 (44.33%) |
24 Jun 2024 | ₹203 | ₹91 | ₹294 (44.83%) |
23 Jun 2024 | ₹203 | ₹91 | ₹294 (44.83%) |
22 Jun 2024 | ₹203 | ₹91 | ₹294 (44.83%) |
21 Jun 2024 | ₹203 | ₹88 | ₹291 (43.35%) |
20 Jun 2024 | ₹203 | ₹94 | ₹297 (46.31%) |
19 Jun 2024 | ₹203 | ₹95 | ₹298 (46.8%) |
18 Jun 2024 | ₹203 | ₹80 | ₹283 (39.41%) |
17 Jun 2024 | ₹203 | ₹50 | ₹253 (24.63%) |
16 Jun 2024 | ₹203 | ₹50 | ₹253 (24.63%) |
Issue Price | Listing Gain | Current Market Price | P/L |
---|---|---|---|
₹193 to ₹203 per share | ₹ 884 (65.18%) | ₹ 231.26 | 13.92% |
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, offering design, engineering, fabrication, and manufacturing of pilot plants at Palwal Facility III. As of March 31, 2024, the company has 1,061 employees, including 54 highly skilled welders with certifications like CSWIP 3.0 and 3.1, AWS-CWI, and CWV, and 53 employees are highly skilled in non-destructive examination with certifications like NDE level II qualifications as per ASNT/SNT-TC-1A, and NDE level III qualifications as per BS EN ISO 9712.
Founded in | 1988 |
Managing director | |
Parent organization |
Category | Subscription (No. of times) |
---|---|
Qualified Institutional Buyers (QIBs) | 206.54 |
Non-Institutional Investors (NIIs) | 149.38 |
Retail Individual Investors (RIIs) | 23.66 |
Employee | N/A |
Total | 103.03 |