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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
DEE Development Engineers Ltd
Registered Office: Unit 1 Prithla-Tatarpur Road, Village Tatarpur Dist. Palwal, Faridabad - 121102, Haryana
Phone: 1
Email: 1
Website: 1
Initial public offering of 20,596,938*# equity shares of face value of Rs. 10 each ("Equity Shares") of Dee Development Engineers Limited ("The Company" or the "Issuer") for cash at a price of Rs. 203.00 per equity share ("Offer Price") aggregating to Rs. 418.01# crores (the "Offer"). The offer comprises of a fresh issue of 16,014,938*# equity shares by the company aggregating upto Rs. 325.00# crores (the "Fresh Issue") and an offer for sale of 45,82,000*# equity shares (the "Offered Shares") by Krishan Lalit Bansal ("Selling Shareholder") aggregating to Rs. 93.01# crores (the "Offer for Sale"). The offer shall constitute 29.83#% of the post-offer paid-up equity share capital of the company. This offer included a reservation of 54,347# equity shares (constituting 0.08%# of the post offer paid up equity share capital of the company) aggregating to Rs. 1.00# crores for subscription by eligible employees (as defined herein) ("Employee Reservation Portion"). The employee reservation portion did not exceed 5%# of the post-offer paid-up equity share capital. The offer less the employee reservation portion is referred to as the "Net Offer". The company, in consultation with the book running lead managers, offered a discount of Rs. 19.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer constitutes 29.83%# and 29.75%#, respectively, of the post-offer paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the offer price is 20.30 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
19-Jun-2024 21-Jun-2024 203.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 297.13
Project Financed through Current Offer 418.01
Post Issue Equity Share Capital 69.05
Issue Price 203.00
Projects
Funding working capital requirements of the company
Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and its subsidiary DEE Piping Systems (Thailand) Co Ltd and DEE Fabricom India Pvt Ltd
General corporate purposes
Promoted By
Krishan Lalit Bansal
Ashima Bansal
DDE Piping Components Pvt Ltd
BSE
NSE
Registrar to the Issue
Attention Investor
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