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Dee Development Engineers IPO Details: Price Band, Dates, and Key Info

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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