DEE Piping Systems IPO: A Look at the Upcoming Public Offering
DEE Piping Systems, a company with over 30 years of experience in providing specialized process piping solutions, is planning an initial public offering (IPO) to raise ₹418.01 crores. This article will provide a comprehensive review of the DEE Piping Systems IPO, including the company’s background, the IPO details, and expert opinions on the potential investment opportunity.
DEE Piping Systems is a leading provider of engineered piping solutions for various industries, including oil and gas, petrochemicals, and power. The company offers a wide range of services, from design and engineering to procurement and fabrication. With over three decades of experience, DEE Piping Systems has established a strong reputation for quality and reliability.
DEE Piping Systems IPO date is fixed, the IPO is to hit the market on June 19 and will close on June 21. Let’s explore what DEE Development has in store for investors seeking a promising opportunity in the piping systems industry.
Table of Contents
Objects of the Issue
- General corporate purposes
- Funding working capital requirements of the Company
- Repayment of all or a portion of certain outstanding borrowings availed by the Company
DEE Piping Systems IPO Review (Apply or Not)
May Apply
DEE Piping Systems (DEE Development) IPO Date & Price Band Details
Mark your calendars because the DEE Piping Systems IPO date is just around the corner, offering investors a chance to get in on the action. The company, also known as DEE Development, has announced that its IPO will hit the market soon, creating a buzz in the financial world.
Curious about the price band details? You’re in luck! DEE Piping Systems is expected to reveal their pricing range shortly, giving potential investors an insight into how much they can invest and what returns they could potentially see. Keep an eye out for updates on this crucial aspect of the IPO process.
| 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: | ₹10 Per Equity Share |
| IPO Price Band: | ₹193 to ₹203 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
DEE Piping Systems IPO Market Lot
Are you considering investing in the DEE Piping Systems IPO? One key detail to note is the market lot size for this upcoming public offering. The market lot refers to the minimum number of shares that investors can apply for in a single bid. For DEE Piping Systems, the market lot size is likely to be disclosed closer to the IPO date.
Investors should carefully consider their investment amount and risk tolerance when determining how many shares to apply for in the DEE Piping Systems IPO. It’s essential to review your financial goals and assess how this investment fits into your overall portfolio strategy.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 73 | ₹14,819 |
| Retail Maximum | 13 | 949 | ₹192,647 |
| S-HNI Minimum | 14 | 1022 | ₹207,466 |
| S-HNI Maximum | 67 | 4891 | ₹992,873 |
| B-HNI Minimum | 68 | 4964 | ₹1,007,692 |
DEE Piping Systems IPO Allotment & Listing Dates
DEE Piping Systems IPO Allotment & Listing Dates are crucial milestones for investors eagerly waiting to get a piece of the action. The allotment date determines who gets how many shares based on the subscription, while the listing date marks the debut of DEE Development on the stock exchange.
Investors watch these dates with anticipation, hoping for favorable outcomes that align with their investment goals. The allotment process can be nerve-wracking as everyone wants to see if they’ve secured their desired share quantity or not.
| 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 Systems IPO Form
DEE Piping Systems IPO: How to apply? You can apply via the ASBA in your bank account. Go to the online bank login page and choose DEE Piping Systems IPO under the Invest section. You can also apply for DEE Piping Systems IPO by downloading IPO forms from the NSE or BSE. Check out the DEE Piping Systems forms here.
DEE Piping Systems Company Financial Report
DEE Piping Systems, a leading player in the piping industry, has released its latest financial report showcasing its robust performance in the market. The company’s revenue growth reflects its strategic positioning and strong customer base.
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹513 | ₹504 | ₹14.21 |
| 2022 | ₹471 | ₹458 | ₹8.20 |
| 2023 | ₹614 | ₹594 | ₹12.97 |
| December 2023 | ₹558 | ₹539 | ₹14.34 |
DEE Piping Systems IPO Valuation – FY2023
DEE Piping Systems’ IPO valuation for FY2023 is generating a buzz in the financial market. With its strong performance and promising growth prospects, investors are eagerly eyeing this upcoming public offering. The company’s financial report indicates a healthy revenue stream and a solid foundation for future expansion.
The valuation of DEE Piping Systems reflects its position as a leader in the piping industry, with innovative solutions and a robust customer base. As the demand for quality piping systems continues to rise globally, DEE Development stands out as a reliable player poised for significant growth.
| Earning Per Share (EPS): | ₹2.45 per Equity Share |
| Price/Earning P/E Ratio: | [.] |
| Return on Net Worth (RoNW): | 3.14% |
| Net Asset Value (NAV): | ₹79.87 per Equity Share |
DEE Piping Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: dde.ipo@linkintime.co.in
Website:
Company Promoters
- Ashima Bansal
- Krishan Lalit Bansal
DEE Piping Systems IPO Lead Managers aka Merchant Bankers
- SBI Capital Markets Limited
- Equirus Capital Private Limited
Company Address
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/
FAQs about DEE Piping Systems IPO
What is the issue price of DEE Piping Systems IPO?
The issue price is priced at ₹193 to ₹203 per equity share.
What is the investor portion for DEE Piping Systems IPO?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is the minimum and maximum lot size for DEE Piping Systems IPO?
The minimum bid is 73 Shares with ₹14,819 amount while the maximum bid is 949 shares with ₹192,647.
What is the listing date for DEE Piping Systems IPO?
The listing date is June 26, 2024.
How can I apply for DEE Piping Systems IPO?
You can apply for DEE Piping Systems IPO via ASBA online via your bank account or through UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
When will DEE Piping Systems IPO open?
The IPO will open on June 19, 2024 for QIB, NII, and Retail Investors.
What is the allotment date for DEE Piping Systems IPO?
The allotment date is June 24, 2024.
How can I participate in the DEE Piping Systems IPO?
To invest in the DEE Piping Systems IPO, you can apply through your broker using ASBA or through net banking.
Should I invest in DEE Piping Systems IPO?
It’s essential to conduct thorough research and consult with financial advisors before making any investment decisions regarding DEE Piping Systems’ upcoming IPO.
