DEE Piping Systems IPO
Company Overview Founded in 1988, DEE Development Engineers Limited is a premier engineering company specializing in process piping solutions for various industries. The company serves sectors such as oil and gas, power (including nuclear), chemicals, and other process industries through comprehensive services including engineering, procurement, and manufacturing. Product Portfolio DEE Development Engineers Limited manufactures and supplies a diverse range of high-quality piping products tailored to industry-specific needs. Their product offerings include:
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
Additionally, the company provides various specialized accessories such as:
Boiler Superheater Coils
De-superheaters
Customized Manufactured Components
Manufacturing Facilities
The company operates seven strategically located manufacturing facilities to efficiently serve different regions:
Palwal, Haryana (three facilities)
Anjar, Gujarat
Barmer, Rajasthan
Numaligarh, Assam
Bangkok, Thailand
For the 9 months ending December 31, 2023, the cumulative installed capacity of these facilities was 70,875 MT. The annual capacities for previous fiscal years were 94,500 MT in Fiscal 2023, 91,500 MT in Fiscal 2022, and 86,500 MT in Fiscal 2021. Expansion into New Business Verticals
Recently, DEE Development Engineers Limited has diversified into a new business vertical, offering design, engineering, fabrication, and manufacturing of pilot plants at their Palwal Facility III. Objectives of the Issue
The company aims to utilize the net proceeds from the fresh issue towards:
Funding working capital requirements.
Prepayment or repayment of certain outstanding borrowings.
General corporate purposes.
DEE Piping Systems: Key IPO Information
IPO Dates: 19 to 21 June, 2024
Price Band: ₹193 to ₹203 per share
Lot Size: 73 shares
Total Issue Size: ₹418.01 Crores
Retail Quota: 35%
GMP: 40% (For informational purposes only)
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