DEE Development Engineers IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 19 Jun - 21 Jun 2024 |
| IPO Price Band | ₹ 193 – 203 per share |
| Fresh Issue | ₹ 325 crore |
| Offer For Sale | Up to 45,82,000 shares (₹ 93.01 crore) |
| Total IPO Size | Approx ₹ 418.01 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, 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.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Jun 2024 |
| IPO Closing Date | 21 Jun 2024 |
| Basis Of Allotment | 24 Jun 2024 |
| Refunds | 25 Jun 2024 |
| Demat Transfer | 25 Jun 2024 |
| IPO Listing Date | 26 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 513.03 | 470.84 | 614.32 | 557.86 |
| Total Expenses | 504.20 | 457.55 | 593.95 | 538.83 |
| Net Profit/Loss | 14.21 | 8.20 | 12.97 | 14.34 |
| NPM (*) | 2.87 | 1.78 | 2.18 | 2.63 |
| Total Assets | 835.88 | 845.40 | 966.26 | 1,171.01 |
| Total Liabilities | 381.56 | 433.42 | 542.62 | 732.97 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 2.44 | 1.53 | 2.45 | 2.69 |
| ROE (%) | 3.13 | 1.99 | 3.06 | 3.27 |
| ROCE (%) | 2.47 | 3.99 | 3.91 | 3.91 |
| D/E Ratio | 0.49 | 0.63 | 0.75 | 0.85 |
| Current Ratio | 1.50 | 1.30 | 1.25 | 1.14 |
| EBITDA MARGIN (%) | 10.84 | 14.02 | 11.62 | 12.45 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| DEE Development Engineers Limited | 614.32 | 82.86 | 2.45 | 3.14 | 79.87 |
| ISGEC Heavy Engineering Limited | 6,411.71 | 42.40 | 26.72 | 8.59 | 325.32 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 206.54 |
| Non-Institutional Investor (NII/HNI) | 149.38 |
| Retail Individual Investor (RII) | 23.66 |
| Total | 103.03 |
* 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.