Dee Development Engineers IPO: Key Points
- Price Band: The IPO price range is set at ₹193 to ₹203 per share with a face value of ₹10.
- Subscription Dates: Investors can subscribe from June 19 to June 21. Anchor investors will be allocated shares on June 18.
- Pricing Details: The floor price is 19.3 times the face value, and the cap price is 20.3 times the face value.
- Share Allocation:
- 50% reserved for qualified institutional buyers (QIBs)
- 15% for non-institutional investors (NIIs)
- 35% for retail investors
- Employees get a ₹19 discount per share in the reserved portion.
About Dee Development Engineers IPO:
- Business Focus: Provides specialized process pipe solutions for sectors like oil and gas, electricity (including nuclear), and chemicals.
- Experience: Over 35 years in manufacturing.
- Valuation: The price to earnings (P/E) ratio at the upper price band is 82.86 times and 78.78 times at the lower end, compared to the industry average P/E of 42.40 times.
Financial Performance:
- Growth: Revenue increased by 30.47%, and profit after tax (PAT) grew by 58.25% in the fiscal year ending March 31, 2023.
Timeline:
- Allotment: Finalized on June 24.
- Refunds: Initiated on June 25.
- Demat Credit: Shares credited to demat accounts on June 25.
- Listing Date: Expected to list on BSE and NSE on June 26.
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