Positional Trading Strategy: Maximize Your Profit Upto 30%

Positional trading is a long-term trading strategy that involves holding positions for weeks or months. This strategy aims to benefit from major price movements and trends in the stock market. Unlike day trading or swing trading, positional trading requires less frequent monitoring, making it suitable for busy professionals

sonu sonu
Jun 14, 2024 - 18:34
0 2107

Share this Post to earn Money ( Upto ₹100 per 1000 Views )


Positional Trading Strategy: Maximize Your Profit Upto 30%

DEE Development Engineers Limited is launching its IPO, offering specialized process piping solutions for various industries. Here's a simplified overview of the key details:

Company Overview:

  • Founded: 1988

  • Services: Process piping solutions, industrial pipe fittings, pressure vessels, and more.

  • Manufacturing Sites: Located in Palwal (Haryana), Anjar (Gujarat), Barmer (Rajasthan), Numaligarh (Assam), and Bangkok (Thailand).

  • Employees: 1,061 (as of March 31, 2024)

IPO Details:

  • IPO Size: ₹418.01 Cr

    • Fresh Issue: 16,009,852 shares (₹325.00 Cr)

    • Offer for Sale: 4,582,000 shares (₹93.01 Cr)

  • Price Range: ₹193 - ₹203 per share

  • Dates:

    • Open: June 19, 2024

    • Close: June 21, 2024

    • Listing: June 26, 2024

  • Lot Size: 73 shares

Financial Highlights (in millions):

  • Total Revenue (Mar 2023): ₹614.32

  • PAT (Mar 2023): ₹12.97

  • Total Assets (Mar 2023): ₹966.26

  • Net Worth (Mar 2023): ₹413.70

Objectives of the IPO:

  1. Working Capital: Funding for company operations.

  2. Debt Repayment: Paying off existing loans.

  3. General Corporate Purposes

Key Strengths:

  • Market leader in process piping systems in India.

  • High entry barriers in the industry.

  • Strong customer relationships and order book.

Potential Weaknesses:

  • Strict customer performance expectations.

  • Reliance on heavy machinery for manufacturing.

  • Significant portion of proceeds for debt repayment.

  • Exposure to market fluctuations in key industries.

Subscription Details:

  • Retail Investors: 35% allocation

  • Other Investors: 65% allocation

Promoters and Management:

  • Key Promoters: Krishan Lalit Bansal, Ashima Bansal, DDE Piping Components Private Limited.

Click Here To Apply for DEE Development Engineers Limited IPO

Click Here To See More   

Tags: