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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