Dee Development Engineers IPO Review | Dee Development Engineers IPO Apply or Not? Upcoming IPO 2024

Описание: Dee Development Engineers IPO Review | Dee Development Engineers IPO Apply or Not? Upcoming IPO 2024

Dee Development Engineers Ltd will soon bring its IPO. The company has submitted draft papers to the capital markets regulator Sebi. According to the Draft Red Herring Prospectus (DRHP), there will be new equity shares worth Rs 325 crore in the IPO. There will also be an OFS of 79 lakh shares, in which the shares will be sold on behalf of promoter Krishna Lalit Bansal. Currently Bansal has 74.74 percent stake in Dee Development Engineers.

Piping solutions provider Dee Development Engineers Ltd has six manufacturing facilities located in Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan and Bangkok in Thailand. Its customers include JGC Corporation, Nutter/Ericsson, MAN Energy Solutions SE, Mitsubishi Heavy Industries, John Cockerill SA, Reliance Industries, HPCL-Mittal Energy Limited and Toshiba JSW Power Systems.


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