| DEE Development Engineers Ltd |
|
Registered Office:
Unit 1 Prithla-Tatarpur Road,Village Tatarpur Dist. Palwal
,
Faridabad
-
121102
,
Haryana
, India.
Phone :
+91 1275 248345 Fax:
Email : secretarial@deepiping.com
Website : www.deepiping.com
|
Initial public offering of 20,596,938*# equity shares of face value of
 10 each ("Equity Shares") of Dee Development Engineers Limited ("The Company" or the "Issuer") for cash at a price of 203.00 per equity share ("Offer Price") aggregating to 418.01# crores (the "Offer"). The offer comprises of a fresh issue of 16,014,938*# equity shares by the company aggregating upto 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 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 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 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 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-24 |
21-Jun-24 |
Rs203.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :73 Further Multiples of :73 |
| |
RsCr |
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 |
Rs203.00 |
|
|