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    5. DEEDEV

    DEE Development Engineers Limited

    CLOSED

    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

    View IPO Document

    Schedule of DEE Development Engineers Limited

    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

    Issue size

    Funds Raised in the IPOAmount
    Overall418.01 Cr
    Fresh Issue Cr
    Offer for Sale Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date24 Jun 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    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.

    DateIpo PriceGMPEstimated 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%)

    Performance DEE Development Engineers Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹193 to ₹203 per share₹ 884 (65.18%) ₹ 231.2613.92%

    About DEE Development Engineers Limited

    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 in1988
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)206.54
        Non-Institutional Investors (NIIs)149.38
        Retail Individual Investors (RIIs)23.66
        EmployeeN/A
        Total103.03