DEE Piping Systems (DEE Development) IPO Date, Review, Price, Allotment Details

DEE Piping Systems IPO Details: DEE Piping Systems IPO date is fixed, the IPO is to hit the market on June 19 and will close on June 21. DEE Piping Systems IPO to raise around ₹418.01 crores via IPO that comprises fresh issue of ₹325 crores and offer for sale up to ₹93.01 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

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Table of Contents


DEE Development Engineers Limited is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process industries through engineering, procurement, and manufacturing. They have manufacturing experience of over three and a half decades and have been able to leverage their brand, strategically located manufacturing facilities, and engineering capabilities to successfully expand their business.


As part of their specialized process piping solutions, they also manufacture and supply piping products such as 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 and accessories including, boiler superheater coils, de-super heaters, and other customized manufactured components. Their Company currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirements arising from multiple industrial segments.

They provide comprehensive specialized process piping solutions including engineering services such as pre-bid engineering, basic engineering, detailed engineering, and support engineering which includes the engineering of process/ power piping systems for projects, and pre-fabrication services such as cutting and beveling on conventional and CNC machines, welding services on semi-automatic and fully automatic robotic welding machines, conventional and digital radiography, post weld heat treatment using CNG fired fully calibrated furnaces and induction heating process, hydro testing, pickling and passivation, grit blasting (manual and semiautomatic) and painting (manual and semiautomatic). They also specialize in handling complex metals such as varying grades of carbon steel, stainless steel, super duplex stainless steel, alloy steel, and other materials including Inconel and Hastelloy in their manufacturing processes.

Objects of the Issue

  • Funding working capital requirements of the Company
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
  • General corporate purposes

DEE Piping Systems IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Marwadi Shares and Finance: Apply
  • Reliance Securities: Apply
  • Swastika Investmart: Apply

DEE Piping Systems (DEE Development) IPO Date & Price Band Details

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

The DEE Piping Systems IPO minimum market lot is 73 shares with ₹14,819 application amount. The retail investors can apply up-to 13 lots with 949 shares or ₹192,647 amount.

ApplicationLot SizeSharesAmount
Retail Minimum173₹14,819
Retail Maximum13949₹192,647
S-HNI Minimum141022₹207,466
S-HNI Maximum674891₹992,873
B-HNI Minimum684964₹1,007,692

DEE Piping Systems IPO Allotment & Listing Dates

The DEE Piping Systems IPO date is June 19, 2024 and the close date is June 21, 2024. The DEE Piping Systems IPO allotment will be finalized on June 24, 2024 and the IPO listing on June 26, 2024.

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

You can check IPO subscription status and IPO allotment status on their respective pages.

DEE Piping Systems IPO Form

How to apply for the DEE Piping Systems IPO? You can apply for DEE Piping Systems IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the DEE Piping Systems IPO in the Invest section. The other option is you can apply for DEE Piping Systems IPO via IPO forms downloaded via NSE and BSE. Check out the DEE Piping Systems forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


DEE Piping Systems Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
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

Check DEE Piping Systems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

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

Peer Group

  • ISGEC Heavy Engineering Limited

Company Promoters

  • Krishan Lalit Bansal
  • Ashima Bansal
  • DDE Piping Components Private Limited

DEE Piping Systems IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html

DEE Piping Systems IPO Allotment Status Check

Check DEE Piping Systems IPO allotment status on Linkintime website allotment URL. Click Here

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: [email protected]
Website: https://www.deepiping.com/

DEE Piping Systems IPO FAQs

What is DEE Piping Systems IPO?

DEE Piping Systems IPO is a main-board IPO. They are going to raise ₹418.01 Crores via IPO. The issue is priced at ₹193 to ₹203 pr equity share. The IPO is to be listed on BSE & NSE.

When DEE Piping Systems IPO will open?

The IPO is to open on June 19, 2024 for QIB, NII, and Retail Investors.

What is DEE Piping Systems IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the DEE Piping Systems IPO?

You can apply for DEE Piping Systems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the DEE Piping Systems IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “DEE Piping Systems”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the DEE Piping Systems IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “DEE Piping Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the DEE Piping Systems IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “DEE Piping Systems”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is DEE Piping Systems IPO Size?

DEE Piping Systems IPO size is ₹418.01 crores.

What is DEE Piping Systems IPO Price Band?

DEE Piping Systems IPO Price Band is ₹193 to ₹203.

What is DEE Piping Systems IPO Minimum and Maximum Lot Size?

The minimum bid is 73 Shares with ₹14,819 amount while the maximum bid is 949 shares with ₹192,647.

What is the DEE Piping Systems IPO Allotment Date?

DEE Piping Systems IPO allotment date is June 24, 2024.

What is the DEE Piping Systems IPO Listing Date?

DEE Piping Systems IPO listing date is June 26, 2024. The IPO is to list on BSE and NSE.

Note: The DEE Piping Systems IPO price band and date are not officially announced yet. The IPO grey market premium (DEE Piping Systems IPO Premium) will be added to the IPO grey market page as it will start).

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