The DEE Piping Systems IPO is an exciting investment opportunity, hitting the market on June 19, 2024. This IPO aims to raise Rs. 418.01 crores, comprising a fresh issue and an offer for sale.
The DEE Piping Systems IPO details are outlined below, providing essential information for prospective investors.
| Particulars | Details |
|---|---|
| IPO Open Date | June 19, 2024 |
| IPO Close Date | June 21, 2024 |
| IPO Size | Rs. 418.01 Crores |
| Fresh Issue | Rs. 325 Crores |
| Offer for Sale | Rs. 93.01 Crores |
| Face Value | Rs. 10 Per Equity Share |
| Price Band | Rs. 193 to Rs. 203 Per Share |
| Listing On | BSE & NSE |
Checkout the List of Upcoming IPO.
DEE Development Engineers Limited, commonly known as DEE Piping Systems, provides specialised process piping solutions for various industries, including oil and gas, power, and chemicals. With over three and a half decades of manufacturing experience, DEE has established itself as a leading provider of high-pressure piping systems, piping spools, and other customised components.
Detailed Services and Products
Strategic Advantages
The financial performance of DEE Piping Systems over recent years highlights their robust financial health.
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | Rs. 513 Crores | Rs. 504 Crores | Rs. 14.21 Crores |
| 2022 | Rs. 471 Crores | Rs. 458 Crores | Rs. 8.20 Crores |
| 2023 | Rs. 614 Crores | Rs. 594 Crores | Rs. 12.97 Crores |
| December 2023 | Rs. 558 Crores | Rs. 539 Crores | Rs. 14.34 Crores |
Understanding the strengths and weaknesses of DEE Piping Systems is crucial for making informed investment decisions.
| Strengths | Weaknesses | ||
|---|---|---|---|
| Extensive industry experience | High competition in the sector | ||
| Advanced technical capabilities | Fluctuations in raw material prices | ||
| Strong financial performance | Dependency on key industries | ||
| Diverse product range | Exposure to economic cycles | ||
| Robust engineering and manufacturing | Potential regulatory changes | ||
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DEE Piping Systems IPO's price band is between Rs. 193 and Rs. 203 per share.
The DEE Piping Systems IPO aims to raise approximately Rs. 418.01 crores.
The minimum lot size for DEE Piping Systems IPO is 73 shares, requiring a minimum investment of Rs. 14,819.
The minimum investment required is Rs. 14,819 for one lot of 73 shares.
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