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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Working capital funding
Funding the company's working capital requirements to support its manufacturing and project execution activity.
Repayment of borrowings
Prepayment or repayment of a portion of the company's outstanding borrowings.
General corporate purposes
General corporate purposes as permitted under applicable regulations.
(₹ in Crore)
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DEE Development Engineers Limited is an engineering company, founded in 1988 and based in Faridabad, Haryana, that designs and manufactures specialized process piping systems. It works across engineering, procurement and manufacturing for critical applications in the oil and gas, power (including nuclear), chemicals and other process industries, supplying piping solutions that carry high-pressure or high-temperature fluids in demanding industrial environments. As it approached its public listing, the company reported an order book of more than Rs 828 crore as of December 2023, reflecting demand from large industrial and energy-sector customers. Its promoter group, led by Krishan Lalit Bansal and Ashima Bansal along with the promoter entity DDE Piping Components Private Limited, held the entirety of the company's pre-issue share capital. The business operates in a capital-intensive, project-driven segment where revenue is tied to capital expenditure cycles in energy and process industries, and where execution track record and engineering credentials are key differentiators against both domestic and international piping fabricators.
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Source: RHP • Analysis provided for informational purposes
Last Updated: 14 July 2026, 5:30 AM
Long operating track record
The company has been engineering and manufacturing process piping systems since 1988, giving it decades of execution experience in demanding industrial applications.
Exposure to critical, high-value end markets
Its piping solutions serve oil and gas, power including nuclear, and chemicals customers, sectors where engineering credentials and reliability are key qualifying criteria.
Healthy order book
An order book of more than Rs 828 crore as of December 2023 gave revenue visibility into future periods.
Full promoter ownership pre-listing
The company was entirely promoter owned before the IPO, reflecting concentrated management control and alignment with founding shareholders.
Thin profitability
Profit after tax margins have historically been in the low single digits, leaving limited cushion against cost or execution pressures.
Leveraged balance sheet
The company carries a meaningful level of borrowing relative to its net worth, which is common in project-driven manufacturing but adds financial risk.
Cyclicality tied to capital expenditure
Demand depends on capex cycles in the oil and gas, power and chemicals sectors, which can be uneven across periods.
DEE Development Engineers Limited
Unit 1, Prithla-Tatarpur Road, Village Tatarpur, District Palwal, Faridabad 121102, Haryana, India
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Project execution risk
As an engineering and manufacturing business serving large industrial projects, delays or cost overruns on individual orders can affect profitability.