DEE Development Engineers Limited IPO (DEE Piping Systems IPO)

The DEE Development Engineers Limited IPO (DEE Piping Systems IPO) achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) raises ₹ 125.10 crore from anchor investors. DEE Development Engineers Limited IPO (DEE Piping Systems IPO) Anchor bid date is June 18, 2024. DEE Development Engineers Limited IPO (DEE Piping Systems IPO) Anchor Investors list

DEE Development Engineers Limited IPO (DEE Piping Systems IPO) opens on June 19, 2024 and closes on June 21, 2024.

Investors can bid for a minimum of 73 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

The promoters of the company are Krishan Lalit Bansal, Ashima Bansal and DDE Piping Components Private 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.

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

• Funding working capital requirements of the Company;
• Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company; and
• General corporate purposes

• DEE Development Engineers Limited IPO (DEE Piping Systems IPO) DRHP
• DEE Development Engineers Limited IPO (DEE Piping Systems IPO) RHP

DEE Development Engineers Limited
Unit 1, Prithla-Tatarpur Road,
Village Tatarpur,
Dist. Palwal, Faridabad- 121102,
Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: https://www.deepiping.com/

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: dde.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

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