June 2024 - nsestock

DEE Piping Systems IPO (DEE Development Engineers Limited)

August 11, 2024June 16, 2024 by nsestock

DEE Piping Systems is a major player in the piping and engineering industries. The firm provides comprehensive pipe solutions for a variety of industries, including oil and gas, electricity, chemicals, and infrastructure.

Founded in 1988, the firm has seven production sites in Palwal, Haryana; Anjar, Gujarat; Barmer, Rajasthan; Numaligarh, Assam; and Bangkok, Thailand, with three of them in Palwal.

In terms of installed capacity, the firm is India’s leading provider of specialist process pipe solutions, with strategically positioned state-of-the-art manufacturing facilities.

IPO Details: DEE Piping Systems IPO

Date (IPO): June 19, 2024 to June 21, 2024

Listing date: 26 Jun 2024

Type: ()

Face Value: ₹10 per share

Price range: ₹193 to ₹203 per share

Listing: BSE, NSE

Minimum order quantity (Lot Size): 73 Shares

DEE Piping Systems IPO price range is ₹193 to ₹203 per share. The application requires a minimum lot size of 73 shares. Retail investors are needed to deposit at least ₹14,819. The minimum lot size investment for sNII is 14 lots (1,022 shares), equating to ₹207,466, and for bNII, it is 68 lots (4,964 shares), totaling to ₹1,007.692.

Financial Snapshot

Financial Year Ended	March 2021	March 2022	March 2023	December 2023
Total Assets	835.88	845.40	966.26	1,171.01
Revenue	513.03	470.84	614.32	557.86
Profit After Tax	14.21	8.20	12.97	14.34
EPS	2.44	1.53	2.45	2.70

*All figures except EPS are in ₹ Crores

Key Strengths - DEE Piping Systems IPO

Diverse Product Range: DEE Pipe Systems provides an extensive line of pipe products that serve various sectors.

Advanced production: The firm uses cutting-edge technology and advanced production techniques to maintain high levels of quality and efficiency.

Strong Client Base: With a reputation for dependability and competence, DEE Piping Systems services a diverse range of high-profile clients from numerous industries.

Strategic Plans

With the capital raised from the IPO, DEE Piping Systems aims to:

Expand Production Capacity: Invest in new facilities and upgrade existing ones to increase production volume and efficiency.

Enter New Markets: Explore opportunities in untapped markets domestically and internationally.

Innovate: Focus on R&D to develop new products and improve existing ones, maintaining a competitive edge in the industry.

DEE Piping Systems IPO Promoter Holding

Krishan Lalit Bansal, Ashima Bansal, and DDE Piping Components Private Limited are the promoters of the firm.

Share Holding Pre-Issue: 100.00%

Share Holding Post Issue

Investor Considerations

Potential investors should consider the following:

Industry Position: DEE Piping Systems’ established position and reputation in the piping industry.

Growth Potential: The company’s plans for expansion and innovation that could drive future growth.

Financial Health: An evaluation of the company’s financial statements, profitability, and debt levels to make an informed investment decision.

IPO Schedule

Issue Period	19-21 Jun 2024
UPI Mandate Deadline	5 PM, 21 Jun 2024
Allotment Finalization	24 Jun 2024
Refund Initiation	25 Jun 2024
Share Credit	25 Jun 2024
Listing Date	26 Jun 2024
Mandate end date	06 July 2024
Lock-In End Date for Anchor Investors (50%)	24 July 2024
Lock-In End Date for Anchor Investors (Remaining)	24 Sept 2024

To Know more about the company visit Website: https://www.deepiping.com/

To apply for an IPO: https://zerodha.com/ipo/380702/dee-piping-systems

Disclaimer: The information provided on nsestock.com is for general informational purposes only and does not guarantee the accuracy, completeness, or reliability of any information on this website. The content on nsestock.com may include links to third-party websites for additional information or resources. These links are provided for convenience only, and nsestock.com does not endorse or guarantee the accuracy of the information on these third-party websites.

(COTFAB) United Cotfab Limited (IPO Details)

June 15, 2024 by nsestock

COTFAB (United Cotfab Limited) is a textile company located in Taluka, Ahmedabad-382405, Gujarat India, specializing in the manufacturing and export of a wide range of fabrics.

United Cotfab operates as a manufacturer and trader in the textile sector. The variety of textile items manufactured has expanded throughout time.

The company has built a reputation for producing high-quality textile products and caters to both domestic and international markets.

IPO Details: COTFAB (United Cotfab Limited)

Date (IPO) : 13th – 19th Jun 2024

Listing date: 24 Jun 2024

Type: SME

Face Value: ₹10 per share

Price range: 70 – 70

Listing: BSE

Minimum order quantity (Lot Size): 2000

The IPO price for United Cotfab is ₹70/share. An application requires a minimum lot size of 2000 shares. Retail investors need to invest at least ₹140,000. HNIs can invest as little as ₹280,000 in two lots (4,000 shares).

Company Details: COTFAB (United Cotfab Limited)

Incorporated in 2015

Industry: Textile Manufacturing

Products: Cotton Open End Yarn. The firm provides a wide variety of textiles, including cotton, polyester, blends, and other textile items. They are well-known for their high-quality, long-lasting products with unique designs.

Market Presence: Cotfab has a significant presence in both the domestic and international textile sectors. They export their products to several nations, utilizing a comprehensive distribution network.

Quality Assurance: The firm prioritizes quality control and uses cutting-edge technology and machinery in its production operations to guarantee that high standards are met.

Purpose of IPO: COTFAB (United Cotfab Limited)

Expansion: Proceeds from the IPO will be used to expand manufacturing capacities and enter new markets.

Debt Reduction: Part of the funds may be utilized to reduce existing debts, strengthening the company’s financial health.

R&D: Investment in research and development to innovate and improve product offerings.

Investor Interest: Given the company’s strong market position and growth potential, there is considerable interest from both retail and institutional investors.

United Cotfab IPO Promoter Holding

The company’s Promoters are Mr. Nirmalkumar Mangalchand Mittal and Mr. Gagan Nirmalkumar Mittal.

Share Holding Pre Issue 100.00%

Share Holding Post Issue 69.84%

Financial Snapshot

Financial Year Ended	March 2021	March 2022	March 2023	March 2024
Total Assets	10.71	155.99	536.77	816.84
Revenue	–	0.18	6.40	1,155.27
Profit After Tax	(-0.01)	0.16	1.39	86.66
EPS	(0.00)	0.02	0.14	7.97

*All figures except EPS are in ₹ Crores

To Know more about the company visit Website: https://www.unitedcotfab.com/

To apply for an IPO: https://zerodha.com/ipo/380821/united-cotfab

GP Eco Solutions (GPECO) India Limited (GPES IPO) Details

June 15, 2024 by nsestock

GP Eco Solutions (GPECO) India Limited, or GPES, specializes in solar energy solutions.

Established: 2010

Headquartered in Noida, Uttar Pradesh,

Nature of Business Exporter, Distributor / Channel Partner

IPO date: June 14th–19th, 2024

Listing date: June 24, 2024

Type: SME

Business Profile: GP Eco Solutions (GPECO) India Limited

The company provides a variety of goods and services, such as solar panels, solar inverters, and full engineering, procurement, and construction (EPC) services for businesses and homeowners.

Under the trademark “Invergy,” the firm is well-known for its lithium ferrophosphate (LFP) batteries and hybrid solar inverters.

In North India, GPES is also a licensed distributor for LONGi Solar Technology, Saatvik Green Energy, and Sungrow India.

IPO - GP Eco Solutions (GPECO) India Limited

To obtain money for its initial public offering (IPO) and to invest in its subsidiary, Invergy India Private Limited, GPES recently submitted its Draft Red Herring Prospectus (DRHP) with NSE Emerge.

The pricing range for the GPES Solar IPO is ₹90 to ₹94 per share. An application needs to have a minimum lot size of 1200 shares. Retail investors are needed to invest a minimum of ₹112,800. For HNI, a minimum investment of two lots (2,400 shares) of ₹225,600 is required.

With the money generated from the IPO, the company intends to build a new Noida plant to construct solar inverters. Commercial manufacturing of the devices is anticipated to begin in the third quarter of FY 2024–2025.

Financials - GP Eco Solutions (GPECO) India Limited

In terms of finances, GPES has expanded significantly. The firm declared a profit after tax of INR 4.73 crore and sales of INR 104.48 crore for the fiscal year that concluded on March 31, 2023.

With a face value of INR 10, 32.76 lakh equity shares would be issued as part of the IPO, to raise about INR 30.79 crore.

Financial Snapshot

Financial Year Ended	March 2021	March 2022	March 2023	December 2023
Total Assets	142.98	190.48	471.51	472.87
Revenue	465.29	835.29	1,044.76	785.88
Profit After Tax	9.69	27.71	36.98	47.32
EPS	1.35	3.85	5.14	6.57

*All figures except EPS are in ₹ Crores

Management: GP Eco Solutions (GPECO) India Limited

The company’s core team comprises management experts and engineers from various fields, ensuring a strong foundation for its operations and growth.

Mr. Deepak Pandey, Mrs. Anju Pandey, and Mr. Astik Mani Tripathi are the promoters of the company.

GPES also engages in the operations and maintenance (O&M) of solar plants, further expanding its service offerings in the renewable energy sector.

Know more about the company – https://www.gpecosolutions.com/

Apply for IPO – https://zerodha.com/ipo/380910/gp-eco-solutions-india

Disclaimer: The information provided on nsestock.com is for general informational purposes only and does not guarantee the accuracy, completeness, or reliability of any information on this website. The content on nsestock.com may include links to third-party websites for additional information or resources. These links are provided for convenience only, and nsestock.com does not endorse or guarantee the accuracy of the information on these third-party websites.