| DEE Development Engineers Ltd |
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| 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.
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| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 19-Jun-24 |
21-Jun-24 |
(₹ )203.00 |
(₹ )203.00 |
(₹ )0.00 |
| Minimum Application for shares in Nos :73 Further Multiples of :73 |
| |
(₹ Cr) |
Lead Managers to the Issue |
| Project Cost |
297.13 |
| Equirus Capital Pvt Ltd | | SBI Capital Markets Ltd |
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| Project Financed through Current Offer |
418.01 |
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| Post Issue Equity Share Capital |
69.05 |
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| Face Value |
10 |
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| Issue Price |
(₹ )203.00 |
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