+
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
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?