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DEEDEV IPO

DEE Development Engineers Limited
Start Date19-06-2024
Application Timing10am-5pm
Price Range₹193 - ₹203
Min Qty73
Min. Investment₹14089
Listing DateNA
Close Date21-06-2024

About DEE Development Engineers Limited

Why To Invest in DEE Development Engineers Limited

Leading layer in niche specialized piping solutions with global presence. The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Funding working capital requirements of the Company
  2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and
  3. General corporate purposes
Financial Table
Year202120222023
Operating Revenue (Rs. Cr) 495.2460.9595.4
Profit After Tax (Rs. Cr)14.28.1912.9
Strengths And Risks
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Leading Player in High Entry Barrier Industry: Company holds leadership position in its segment attributed to factors such as long-standing relationship with their global customers, business experience, domain expertise and consistent quality of products. The process piping solutions industry in India has high entry barriers due to requirement of skilled labour with complex manufacturing technology, high capital investment and the presence of robust design and execution capability.
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Largest Player in Process Piping Solutions : The company currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirement arising from multiple industrial segments.
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Strong Order Book: They have a mix of domestic and overseas customers including Fortune 500 companies in India and various multinational corporations. Their customers include global companies such as JGC Corporation, Nooter Eriksen, MAN Energy Solutions SE, Mitsubishi Heavy Industries and John Cockerill S.A, and Indian companies such as Reliance Industries, Thermax Babcock & Wilcox Energy Solutions, HPCL–Mittal Energy Limited, Toshiba JSW Power Systems etc. Private Limited, UOP India Private Limited, Doosan Power Systems India Private Limited
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Stringent Quality Requirements: Any failure by company to comply with stringent standards or performance requirements may lead to the cancellation of existing and future orders, recalls, liquidated damages, invocation of performance bank guarantees or, liability claims, which could adversely affect their reputation and business.
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Economic Downturn: Any downturn in the oil and gas, power (including nuclear), process industries, chemical sectors would create an adverse impact on their revenue from contracts with customers, cash flows and financial conditions.
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Competition: They face competition from companies such as ISGEC Heavy Engineering Limited in certain segments and from the pipe fabrication division of L&T Heavy Engineering in certain areas of operations, in India as well as other international companies.
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