Ashok Rathi

DEE Development Engineers Limited New IPO Detail 2024

DEE Development Engineers Limited was incorporated in 1988. GP Eco Solutions India IPO subscription opens from 19 June 2024 and issue closes on 21 June 2024. IPO Face value is Rs.5 per share. IPO Issue bid size is between Rs.193 to Rs.75 per share. The lot size is 73 shares per lot. This is a Book Built Issue IPO.

  1. Company Share Holding, Pre Issue is 21,052,800 shares.
  2. Company Share Holding, Post Issue will be 22,550,400 shares.
  3. This IPO is Listing at BSE SME, on  26 June 2024.

Share India Capital Services Private Limited and Fintellectual Corporate Advisors Private Limited are the book running lead managers for the GEM Enviro IPO, with Skyline Financial Services Private Ltd serving as the registrar. Share India Securities is the market maker for the GEM Enviro IPO.

DEE Development Engineers Limited IPO Timeline :

  1. GEM Enviro Management Limited IPO issue opens on 19 June and closes on 21 June 2024.
  2. Cut Off Time of UPI Payment is, 5pm on 21 June 2024.
  3. IPO Issue Basis of Allotment is, 24 June 2024.
  4. Who did not get the allotment of shares, Refunds Initiation begins from 25 June 2024.
  5. Who got the allotment, Shares will be Credited in their Demat Account by 25 June 2024.
  6. Finally IPO lists on 26 June 2024.

This is the IPO timeline of DEE Development Engineers Limited IPO.

DEE Development Engineers Limited IPO Reservations for Investor Categories :

QIB Shares Offered Not more than 50% of the Net Issue.

Retail Shares Offered Not less than 35% of the Net Issue.

NII (HNI) Shares Offered Not less than 15% of the Net Issue.

DEE Development Engineers Limited New IPO Detail 2024
DEE Development Engineers Limited New IPO Detail 2024

DEE Development Engineers Limited IPO Lot Size Minimum to Maximum allotment for Investors :

  1. Retail Investor can apply for Minimum, 1 lot which has 73 shares and investing amount ₹ 14,189.
  2. Retail Investor Maximum apply for 13 lot, 949 shares, amount ₹ 192647.
  3. Small HNI Investor Minimum 14 lot, 1022 shares, amount ₹ 207,466.
  4. Small HNI Investor Maximum applies for 67 lot, 4891 shares, and amount ₹ 992873.
  5. Big HNI Minimum applies for 68 lot, 4964 shares, and amount ₹ 1007,692.

An Intro About DEE Development Engineers Limited :

Founded in 1988, DEE Development Engineers Limited is an engineering company that provides specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process sectors through engineering, procurement, and manufacturing services.

The company manufactures and supplies various piping products, including 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. These accessories include boiler superheater coils, de-superheaters, and other customized components.

DEE Development Engineers Limited operates seven manufacturing facilities located in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three facilities situated in Palwal, Haryana.

As of December 31, 2023, the company’s manufacturing facilities had a cumulative installed capacity of 70,875 MT for the preceding nine months, with annual capacities of 94,500 MT, 91,500 MT, and 86,500 MT for Fiscal 2023, Fiscal 2022, and Fiscal 2021, respectively.

Recently, the company expanded into a new business vertical, offering the design, engineering, fabrication, and manufacturing of pilot plants at its Palwal Facility III.

If you want to check the current IPO status of the on going IPO than here is the check list for IPO Subscription Status
Once you are satisfied with IPO subscription status and want to check the allotment status than click IPO Allotment Status
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How to apply for DEE Development Engineers IPO Subscription ?

There are some simple steps to follow

  • First go to your brokers website and login there
  • 2nd after login see the IPO section and click there
  • 3rd click the IPO Service Bid button here
  • 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
  • 5th Now visit your UPI app page and approve the amount transaction.
  • 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application.

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