DEE Development Engineers IPO Details, Financials, Valuation & Peers

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Get everything you need to know about the DEE Development Engineers IPO. Explore DEE Development Engineers IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
19 Jun - 21 Jun 2024
Price Range
₹ 193 – 203
Issue Size
Approx ₹ 418.01 crore
Listed Price
₹33967.00%

Overview

DEE Development Engineers Limited is a specialized engineering company that has been providing advanced process piping solutions for over three and a half decades. The company serves a range of industries including oil and gas, power (including nuclear), chemicals, and other process industries. DEE Development Engineers is renowned for its engineering, procurement, and manufacturing capabilities, making it one of the leading process piping solution providers globally. The company’s manufacturing facilities are strategically located across India and Thailand, enabling it to efficiently serve both domestic and international markets.

Key Points:

  • Product Range and Services:
    • Manufactures 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, boiler superheater coils, de-super heaters, and other customized components.
    • Offers comprehensive engineering services including pre-bid engineering, basic engineering, detailed engineering, and support engineering.
  • Manufacturing Capabilities:
    • Operates seven manufacturing facilities in India and Thailand, with significant installed capacity and advanced automation systems.
    • Facilities are equipped with automated robotic welding systems, semi-automatic shot blasting machines, and other state-of-the-art equipment.
    • Handles complex metals including various grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, inconel, and hastelloy.
    • Manufacturing facilities are located in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand).
    • Total manufacturing capacity of 70,875 MT per annum as of December 31, 2023, with ongoing expansions to increase capacity further.
  • Sustainability Initiatives:
    • Operates two biomass power generation plants in Punjab, contributing to significant CO2 emissions reduction.
    • Manufactures wind turbine towers and industrial stacks through its subsidiary, DFIPL.
  • Expansion into New Verticals:
    • Recently entered the pilot plant sector, offering end-to-end solutions for design, engineering, fabrication, and commissioning of pilot plants.
    • Focuses on research and development needs for industries like oil and gas, petrochemicals, pharmaceuticals, and educational institutions.

IPO Docs

Objects of the Issue

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

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates19 Jun - 21 Jun 2024
IPO Price Band₹ 193 – 203 per share
Fresh Issue₹ 325 crore
Offer For SaleUp to 45,82,000 shares (₹ 93.01 crore)
Total IPO SizeApprox ₹ 418.01 crore
Face Value₹ 10
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date19 Jun 2024
IPO Closing Date21 Jun 2024
Basis Of Allotment24 Jun 2024
Refunds25 Jun 2024
Demat Transfer25 Jun 2024
IPO Listing Date26 Jun 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
Total Income513.03470.84614.32557.86
Total Expenses504.20457.55593.95538.83
Net Profit/Loss14.218.2012.9714.34
NPM (*)2.871.782.182.63
Total Assets835.88845.40966.261,171.01
Total Liabilities381.56433.42542.62732.97

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
EPS2.441.532.452.69
ROE (%)3.131.993.063.27
ROCE (%)2.473.993.913.91
D/E Ratio0.490.630.750.85
Current Ratio1.501.301.251.14
EBITDA MARGIN (%)10.8414.0211.6212.45

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
DEE Development Engineers Limited614.3282.862.453.1479.87
ISGEC Heavy Engineering Limited6,411.7142.4026.728.59325.32

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)206.54
Non-Institutional Investor (NII/HNI)149.38
Retail Individual Investor (RII)23.66
Total103.03

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/

Company Promoters

  • KRISHAN LALIT BANSAL
  • ASHIMA BANSAL
  • DDE PIPING COMPONENTS PRIVATE LIMITED

Lead Managers

  • SBI Capital Markets Limited
  • Equirus Capital Private Limited

Company Address

DEE Development Engineers Limited

Unit 1, Prithla-Tatarpur Road, Village Tatarpur, Dist. Palwal, Faridabad, Haryana – 121102, India

Phone: +91 1275 248345
Email: secretarial@deepiping.com
Website: www.deepiping.com

FAQs

  • What is the issue size of the DEE Development Engineers IPO?
    The DEE Development Engineers IPO has an issue size of Approx ₹ 418.01 crore. This includes a fresh issue of ₹ 325 crore and an offer for sale (OFS) of Up to 45,82,000 shares (₹ 93.01 crore).
  • What is the price band of the DEE Development Engineers IPO?
    The price band for the DEE Development Engineers IPO is ₹ 193 – 203 per share.
  • What are the bidding dates for the DEE Development Engineers IPO?
    The DEE Development Engineers IPO will open for bidding on 19 Jun 2024 and close on 21 Jun 2024.
  • What is the allotment date for the DEE Development Engineers IPO?
    The allotment date for the DEE Development Engineers IPO is 24 Jun 2024.
  • What is the listing date for the DEE Development Engineers IPO?
    The listing date for the DEE Development Engineers IPO is 26 Jun 2024.
  • What is the DEE Development Engineers IPO grey market premium?
    The grey market premium (GMP) for the DEE Development Engineers IPO is currently at ₹90, with an expected listing gain of approximately 44.33%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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