Dee Development garners Rs 1.25 billion from anchor investors for IPO
ECONOMY & POLICY

Dee Development garners Rs 1.25 billion from anchor investors for IPO

Dee Development Engineers Ltd has raised over Rs 1.25 billion from anchor investors ahead of its upcoming IPO, with allocations to funds such as Citigroup Global Markets Mauritius, Morgan Stanley Asia (Singapore) Pte, Aurigin Master Fund, Pinebridge Global Funds, and SBI General Insurance Company.

The Rs 4.18 billion IPO, scheduled from June 19 to June 21, involves issuing 6.163 million equity shares at Rs 203 each, as detailed in a circular on BSE's website. Additionally, the IPO includes a fresh issuance of Rs 3.25 billion in equity shares and an offer-for-sale of Rs 930 million by promoter and CMD Krishan Lalit Bansal, bringing the total IPO size to Rs 4.18 billion.

The funds raised will primarily address debt repayment, working capital needs, and general corporate purposes.

Dee Development Engineers specializes in providing custom process piping solutions across various sectors including oil and gas, power, chemicals, and other process industries, operating from seven manufacturing facilities across India and Thailand.

(Source: ET Energy)

Dee Development Engineers Ltd has raised over Rs 1.25 billion from anchor investors ahead of its upcoming IPO, with allocations to funds such as Citigroup Global Markets Mauritius, Morgan Stanley Asia (Singapore) Pte, Aurigin Master Fund, Pinebridge Global Funds, and SBI General Insurance Company. The Rs 4.18 billion IPO, scheduled from June 19 to June 21, involves issuing 6.163 million equity shares at Rs 203 each, as detailed in a circular on BSE's website. Additionally, the IPO includes a fresh issuance of Rs 3.25 billion in equity shares and an offer-for-sale of Rs 930 million by promoter and CMD Krishan Lalit Bansal, bringing the total IPO size to Rs 4.18 billion. The funds raised will primarily address debt repayment, working capital needs, and general corporate purposes. Dee Development Engineers specializes in providing custom process piping solutions across various sectors including oil and gas, power, chemicals, and other process industries, operating from seven manufacturing facilities across India and Thailand. (Source: ET Energy)

Next Story
Infrastructure Transport

CPCL crosses $10 million revenue milestone

Chaitanya Projects Consultancy (CPCL), a leading infrastructure and engineering consultancy, has surpassed $10 million in annual revenue for FY 2024–25, marking a five-year compound annual growth rate of 28.2 per cent—well above the industry average. Established in 2004, CPCL has delivered over 300 projects across highways, bridges, urban infrastructure, water, transport, and environmental sectors. Its achievements include over 600 km of six-lane highways, 2,000 km of national highways, and 100 major bridges. “Our goal has always been to improve India’s infrastructure,” sai..

Next Story
Resources

KPIL secures new orders worth Rs 37.89 billion

Kalpataru Projects International Ltd (KPIL), a major EPC player in power transmission and civil infrastructure, has secured new orders worth approximately Rs 37.89 billion along with its international subsidiaries. The orders include a significant contract in the Buildings and Factories (B&F) segment in India, marking KPIL’s largest B&F order to date. The project involves the development of over 12 million sq ft of residential space with supporting infrastructure, awarded on a design-build basis. Additionally, the company has won new transmission and distribution (T&D) order..

Next Story
Real Estate

Apartment loading rises to 40 per cent in top cities

Driven by rising demand for premium amenities, the average apartment loading across India’s top seven cities has reached 40 per cent in Q1 2025, up from 31 per cent in 2019, according to ANAROCK Research. The loading factor, or the area paid for beyond the usable carpet area, covers common spaces such as lobbies, staircases, and clubhouses. Mumbai Metropolitan Region (MMR) continues to lead with the highest loading at 43 per cent. Bengaluru saw the sharpest jump, from 30 per cent in 2019 to 41 per cent in Q1 2025. Chennai recorded the lowest average loading at 36 per cent. “Sixty..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?