DEE Pipings Limited IPO opens today. Check the GMP & other details .
Dee Pipings Limited
| Details | |
|---|---|
| Company Name | DEE Development Engineers Limited |
| Specialization | Process piping solutions for oil and gas, power (including nuclear), chemical, and other process industries |
| Services | Engineering, procurement, and manufacturing |
| Products | High-pressure piping systems, piping spools, high-frequency induction pipe bends, LSAW pipes, fittings, pressure vessels, stacks, modular skids, boiler superheater coils, de-superheaters, and other customized components |
| Manufacturing Facilities | – Palwal, Haryana (three facilities) |
| – Anjar, Gujarat | |
| – Barmer, Rajasthan | |
| – Numaligarh, Assam | |
| – Bangkok, Thailand |
DEE Pipings Ltd Financials (Amt. in crore)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 966.26 | 845.40 | 835.88 |
| Revenue | 614.32 | 470.84 | 513.03 |
| Profit After Tax | 12.97 | 8.20 | 14.21 |
| Net Worth | 413.70 | 401.37 | 448.50 |
| Reserves & Surplus | 408.17 | 395.85 | 432.81 |
| Total Borrowing | 352.62 | 285.36 | 257.17 |
Company Promoter(s)
- Krishan Lalit Bansal
- Ashima Bansal
- DDE Piping Components Private Limited
Issue Objectives
– Funding the company’s working capital needs.
– Paying part or all of certain outstanding borrowings.
– General corporate purposes
IPO Details
| Event | Details |
|---|---|
| Open Date | 19 Jun, 2024 |
| Close Date | 21 Jun, 2024 |
| Allotment Date | 24 Jun, 2024 |
| Listing Date | 26 Jun, 2024 |
| Issue Price | ₹193-203 per equity share |
| Face Value | ₹10 per equity share |
| Market Lot | Retail: 73 Shares (₹14,819/-) ; S-HNI: 1,022 Shares (₹2,07,466/-) ; B-HNI: 4,964 Shares (₹10,07,692/-) |
| Listing at | BSE, NSE |
| Registrar | Link Intime India Private Ltd |
| Lead Manager | SBI Capital Markets Limited ; Equirus Capital Private Limited |
| Retail Portion | 35% (Number of Retail Applications: 98,492 Approx) ; (Number of S-HNI Applications: 1,005 Approx) ; (Number of B-HNI Applications: 2,010 Approx) |
| Issue Size | Total ₹418.01 Cr ; #Fresh Issue: 16,009,852 shares (aggregating up to ₹325.00 Cr) ; #OFS: 4,582,000 shares of ₹10 (aggregating up to ₹93.01 Cr) |
DEE Pipings Ltd. GMP today
The Expected Grey Market Premium today (19/06/2024) is Rs. 78-80/share (38.42%) . It is expected that investors can get a profit of 39% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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Disclaimer:
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