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DEE DEVELOPMENT

Dee Development is an engineering company that specializes in providing process piping solutions for industries such as oil and gas, power (including nuclear), chemicals, and other process sectors. They offer comprehensive services in engineering, procurement, and manufacturing.

The company also produces and supplies a variety of piping products, including high-pressure piping systems, piping spools, high-frequency induction pipe bends, LSAW pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids, and accessories such as boiler superheater coils, de-super heaters, and other customized components.

Dee Development operates six strategically located manufacturing facilities in Haryana, Gujarat, Rajasthan, and Thailand, with three of these facilities situated in Haryana. These manufacturing units have a combined annual installed capacity of 94,500 metric tonnes.

The company serves customers in various international markets, including the USA, Europe, Japan, Canada, the Middle East, Nigeria, Vietnam, Singapore, China, and Taiwan. Revenue from contracts with customers outside India amounted to INR 268.59 crore.

Dee Development IPO Details

Signature Global IPO Details
Dee Development IPO Dates
19 – 21 June 2024
Dee Development Issue Price
INR 193 – 203 per share (Employee Discount – INR 19 per share)
Employee Discount
INR 19 per share
Fresh issue
INR 325 crore
Offer For Sale
45,82,000 shares (INR 88.43 – 93.01 crore)
Total IPO Size
INR 413.43 – 418.01 crore
Minimum bid (size)
73 shares (INR 14,819)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Dee Development Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

9M FY 2024

Revenue

495.22

460.92

595.50

545.55

Expenses

504.20

457.55

593.95

538.83

Net income

14.21

8.20

12.97

14.34

Margin (%)

2.87

1.78

2.18

2.63

Figures in INR Crore unless specified otherwise

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