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
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