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DEE Piping IPO Overview
You are at right place to check all the details regarding DEE Piping IPO. The dates for DEE Piping IPO is announced. The IPO will open on June 19, 2024 and will close on June 21, 2024
The DEE Piping IPO price band is fixed at ₹203 to ₹213 Per Share. The company aims to raise around ₹418.01 Crores via this IPO. You can find complete information about DEE Piping IPO in this post.
The DEE Piping IPO lot size for the application is 73 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹14,973.
About DEE Piping IPO:
DEE Development Engineers Limited is 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 requirements arising from multiple industrial segments.
They provide comprehensive specialized process piping solutions including engineering services such as pre-bid engineering, basic engineering, detailed engineering, and support engineering which includes the 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.
Objects of the Issue
- Funding 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
DEE Piping IPO Review (Apply or Not?)
- May Apply
DEE Piping IPO Brokerage House Reviews:
- Ajcon Global Services: To Be Updated Soon
- Anand Rathi: To Be Updated Soon
- BP Equities (BP Wealth): To Be Updated Soon
- Canara Bank Securities: To Be Updated Soon
- SBICAP Securities: To Be Updated Soon
- SMC Global: To Be Updated Soon
- Swastika Investmart: To Be Updated Soon
- Ventura Securities: To Be Updated Soon
DEE Piping IPO Date & Price Band Details
| IPO Open: | June 19, 2024 |
| IPO Close: | June 21, 2024 |
| IPO Size: | Approx ₹418.01 Crores |
| Fresh Issue: | Approx ₹325 Crores |
| Offer For Sale | Approx ₹93.01 Crores |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹203 to ₹213 Per Share |
| IPO Lot Size | 73 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
DEE Piping IPO Market Lot
The DEE Piping IPO minimum market lot is 73 shares which is equal to ₹15,549 application amount. The retail investors can apply up-to 13 lots with 949 shares which is equal to ₹2,02,137
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 73 | ₹15549 |
| Retail Maximum | 13 | 949 | ₹202137 |
| S-HNI Minimum | 14 | 1022 | ₹2,17,686 |
| B-HNI Minimum | 67 | 4891 | ₹10,41,783 |
DEE Piping IPO Allotment & Listing Dates
The DEE Piping IPO open date is June 19, 2024 and the close date is June 21, 2024 . The DEE Piping IPO allotment will be finalized on June 24, 2024 and the IPO listing on June 18, 2024 .
| IPO Open Date: | June 19, 2024 |
| IPO Close Date: | June 21, 2024 |
| Basis of Allotment: | June 24, 2024 |
| Refunds: | June 25, 2024 |
| Credit to Demat Account: | June 25, 2024 |
| IPO Listing Date: | June 26, 2024 |
DEE Piping Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹513 | ₹504 | ₹14.21 |
| 2022 | ₹471 | ₹458 | ₹8.20 |
| 2023 | ₹614 | ₹594 | ₹12.97 |
DEE Piping IPO Valuation
Below is the financial details of DEE Piping for the year FY2023.
| Earning Per Share (EPS): | ₹2.45 per Equity Shar |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 3.14% |
| Debt/Equity: | ₹79.87 per Equity Share |
Company Promoters:
- Krishan Lalit Bansal
- Ashima Bansal
- DDE Piping Components Private Limited
Competitor Companies:
- ISGEC Heavy Engineering Limited
DEE Piping IPO Registrar
Link Intime India Private Ltd
E-mail: DEE Piping.ipo@linkintime.co.in
Phone:(+91) 81081 14949
Website: https://linkintime.co.in/
DEE Piping IPO Lead Managers
- SBI Capital Markets Limited
- Equirus Capital Private Limited
DEE Piping IPO Allotment Status Check
Allotment status of DEE Piping IPO can be checked on Linkintime website : Click here
Company Address of DEE Piping :
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
DEE Piping IPO FAQs
Q1) What is DEE Piping IPO?
Answer: DEE Piping IPO is Initial Public Offer from DEE Piping company. The company is planning to raise ₹418.01 Crores via this IPO. The share price is priced at band of ₹203 to ₹213 per equity share. The IPO will be listed on BSE & NSE.
Q2) When DEE Piping IPO will open and close?
Answer: The IPO is to open on June 19, 2024 for QIB, NII, and Retail Investors and closes on June 21, 2024
Q3) What is DEE Piping IPO Investors Portion?
Answer: The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q4) What is the DEE Piping IPO Allotment Date?
Answer: DEE Piping IPO allotment date is June 24, 2024.
Q5) What is the DEE Piping IPO Listing Date?
Answer: DEE Piping IPO listing date is June 26, 2024. The IPO is to list on BSE and NSE.
Q6) How to Check 3C IT Solutions IPO Grey Market Premium (GMP)?
Answer: The IPO GMP can be checked by visiting DEE Piping IPO Premium page. Alternatively it can also checked along with GMP of other IPOs at IPO Grey Market Page.
Q6) How to Check 3C IT Solutions IPO Allotment Status?
Answer: The IPO Allotment can be checked by visiting DEE Piping IPO allotment status page. Alternatively, it can also checked along with allotment status of other IPOs at IPO Allotment Status Page.
Q7) How to Check 3C IT Solutions IPO Subscription Status?
Answer: The IPO Subscription can be checked by visiting DEE Piping IPO Subscription status page. Alternatively, it can also checked along with subscription status of other IPOs at IPO Subscription Status Page.
Q8) How to Apply the DEE Piping IPO through Zerodha?
Answer: You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “DEE Piping ”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.