₹ 14819 / 73 shares
IPO Details
RHP/DRHPIssue Date
19 Jun - 21 Jun'24
Investment/lot
₹ 14819
Price Range
193 - 203
Lot Size
73
IPO Size
₹ 418.12 Cr
IPO Listing Details
Listing On
26 Jun'24
Issue Price
203
Listed Price
₹ 325
Retail Gain/Listing Gain
â–²67.00%
IPO Timeline
IPO Review DEE Development Engineers Ltd | DEE Piping Systems | IPO Issue Details & more
Kotak Securities
•3m 08s
Dee Development Engineers Company Background
DEE Development Engineers is an engineering company that provides specialised process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other processes through engineering, procurement, and manufacturing.
They provide services that include cutting, welding, radiography, heat treatment, hydro testing, and painting. They are also skilled in handling complex metals and advanced manufacturing techniques, delivering high-quality results for industrial projects.
With that, let's take a look at the competitive strengths and risk factors for DEE Development Engineers Limited:
Dee Development Competitive Strengths
Leading player in an industry with significant barriers to entry
The company’s leadership position is due to long-standing relationships with global customers, extensive experience, domain expertise, and consistent product quality. This leadership provides competitive advantages such as favourable pricing, reduced costs, scalability, customer loyalty, and an expanding client base. Further, the process piping solutions industry in India has high entry barriers due to the need for skilled labour, complex technology, significant capital investment, and robust design capabilities. The company’s products, used in critical industries like oil and gas, must meet stringent standards. High costs and effort for customers to change suppliers further discourage new entrants.
Largest player in process piping solutions in India
The company is currently ranked as one of the leading process pipe solution providers globally in terms of technical capability to address complex requirements across multiple industrial segments (Source: D&B Report). It is also the largest player in process piping solutions in India in terms of installed capacity (Source: D&B Report).
Long-standing customer relationships with a strong order book
Over its three and a half decades in operation, the company has built lasting relationships with customers across various industries, serving a balanced mix of domestic and international clients. They count Fortune 500 companies in India and global leaders like JGC Corporation, Nooter Eriksen, and Mitsubishi Heavy Industries among their clientele.
Dee Development Risk Factors
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The company is measured against high-quality standards and stringent performance requirements by customers.
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The business is dependent on manufacturing facilities and is subject to certain risks in the manufacturing process due to the usage of heavy machinery.
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Any downturn in the oil and gas, power (including nuclear), process industries, and chemical sectors would create an adverse impact on the company’s revenue from operations, cash flows and financial conditions.
Key Strategies
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Leverage their market-leading position to capitalise on the revival of the capital expenditure cycle in sectors that they serve, that will drive the next phase of growth.
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Drive automation across facilities and processes to bring in operational efficiencies.
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Forge technology tie-ups with select global OEMs to derive consistent order flow.
Dee Development Engineers Key Financials
Here are the key financials for DEE Development Engineers Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•04m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Dee Development Engineers Ltd IPO?
Here are the steps to apply for Dee Development Engineers Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Dee Development Engineers IPO FAQs
When is Dee Development Engineers IPO listing date?
Dee Development Engineers IPO will list on 2024-06-26.
What is the issue size of Dee Development Engineers IPO?
418.12 is the issue size of Dee Development Engineers IPO.
What is the minimum lot size required for Dee Development Engineers IPO?
The minimum lot size is 73 shares and the investment required is ₹14819.
What is the price band of the Dee Development Engineers IPO?
The price band of Dee Development Engineers IPO is ₹193 to ₹203.
Where can I read more about Dee Development Engineers business?
You can read more about Dee Development Engineers and its IPO from the company’s red herring prospectus (RHP) here.
What is the DEE Development Engineers Limited IPO?
The DEE Development Engineers Limited IPO has an issue size of Rs. 418 crores. The IPO opens for subscription on 19th June 2024 and closes on 21st June 2024
Who is the Registrar for DEE Development Engineers Limited IPO?
Link Intime India Private Limited is the registrar for this IPO.
