Dee Development Engineers Limited IPO Opens On June 19. Check IPO Details Issue Date Price


Dee Development Engineers Limited IPO Opens On June 19. Check IPO Details Issue Date Price

June 18, 2024
Dee Development Engineers Limited IPO Opens On June 19. Check IPO Details Issue Date Price

Dee Development Engineers Limited is coming out with a public issue to raise Rs 418 crores from the market.

Below are the details of the Dee Development Engineers Limited IPO:

  • Issue opens – June 19 (Wednesday)
  • Issue closes – June 21 (Friday)
  • Issue size – Rs 418 crores
  • Price band – Rs 193 to 203 per equity share
  • Bid lot – 73 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Dee Development Engineers Limited are an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. They have manufacturing experience of over three and a half decades and have been able to leverage their brand, strategically located manufacturing facilities and engineering capabilities to successfully expand their business. As part of their specialized process piping solutions, they also manufacture and supply piping products such as 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 including, boiler superheater coils, de-super heaters and other customized manufactured components. Their Company currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirement arising from multiple industrial segments. (Source: D&B Report) At present, they are the largest player in process piping solutions in India, in terms of installed capacity. (Source: D&B Report).
  • They provide comprehensive specialized process piping solutions including engineering services such as pre bid engineering, basic engineering, detailed engineering and support engineering which includes engineering of process/ power piping systems for projects, and pre-fabrication services such as cutting and beveling on conventional and CNC machines, welding services on semi-automatic and fully automatic robotic welding machines, conventional and digital radiography, post weld heat treatment using CNG fired fully calibrated furnaces and induction heating process, hydro testing, pickling and passivation, grit blasting (manual and semiautomatic) and painting (manual and semiautomatic). They also specialize in handling complex metals such as varying grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel and other materials including Inconel and Hastelloy in their manufacturing processes.
  • They have seven strategically located Manufacturing Facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan. Numaligarh in Assam and Bangkok in Thailand, with three Manufacturing Facilities located at Palwal, Haryana. They also operate a temporary Manufacturing Facility in Barmer, Rajasthan which is a dedicated facility set up to cater to the piping and erection requirements of the HPCL Rajasthan Refinery Limited (the “Barmer Satellite Facility”). Their wholly owned subsidiary, DFIPL, also operates a heavy fabrication facility at Anjar, Gujarat (the “Anjar Heavy Fabrication Facility”). They also have a dedicated engineering facility located at Chennai in Tamil Nadu (the “Chennai Engineering Facility”).

Employee Reservation: Rs. 1 Crore

Employee Discount: Rs. 19

Issue Size: Rs. 418 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 208.51 crores
  • NIB – 15% of the offer – Rs 62.55 crores
  • RET – 35% of the offer – Rs 145.96 crores

Listing: BSE and NSE

Registrar: Link Intime India Private Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, June 21, 2024

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