DEE Development Engineers Limited IPO GMP Today, Price Range and Company Details

DEE Development IPO offers shares at ₹193 to ₹203, with a ₹50 Grey Market Premium. Available in 73 share lots, the subscription runs from June 19 to June 21, 2024.
DEE Development Engineers Limited IPO GMP Today, Price Range and Company Details

As of June 18, 2024, DEE Development Engineers has ₹50 as Grey Market Premium, with a price range of ₹193 to ₹203 per share. Offering lots of 73 shares, the subscription window is open from June 19 to June 21, 2024.

DEE Development Engineers Limited IPO GMP Today

The Grey Market Premium (GMP) for DEE Development Engineers Limited is ₹50 as of June 18, 2024. This assessment coincides with a price of ₹193 to ₹203  per share for the IPO.

DEE Development Engineers Limited IPO Review

DEE Development Engineers Limited’s financial overview shows a steady increase in revenue, rising from ₹4,609.16 million in March 2022 to ₹5,954.95 million in March 2023, although it fell short in the subsequent nine months. The company’s profitability saw improvement, with PAT climbing to ₹143.37 million by December 2023.

Despite growing equity and total liabilities suggesting expansion, the company’s Return on Net Worth (RoNW) declined, raising concerns about its efficiency in generating shareholder returns. However, the increase in diluted EPS from ₹1.53 to ₹2.69 indicates a positive trend in earnings per share.

To get a full IPO review, click here DEE Development Engineers

DEE Development Engineers Limited IPO Date

DEE Development Engineers Limited will start accepting subscriptions from June 19, 2024, to June 21, 2024

DEE Development Engineers Limited IPO Price

DEE Development Engineers Limited’s price range is ₹193 to ₹203 per share with a face value of ₹10 each.

DEE Development Engineers Limited

DEE Development Engineers Ltd, a leader in process piping solutions, serves the oil, gas, power, and chemical sectors with over three decades of expertise. India’s top provider, they offer comprehensive engineering, prefabrication, and welding services. Operating six facilities in India and Thailand, they are expanding in Assam and Gujarat, emphasising automation like robotic welding.

How To Apply For DEE Development Engineers Ltd IPO?

To apply for the DEE Development Engineers through Alice Blue, follow these steps:

1. Open a Demat and Trading Account with Alice Blue if you don’t have one.

2. Access IPO details for DEE Development Engineers on the Alice Blue platform.

3. Place your bid for the desired number of shares within the IPO’s price range.

4. Confirm your information and submit your application quickly.

You can apply for the DEE Development Engineers IPO at Alice Blue in just a few clicks!

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