About Dee Development Engineers Limited
Incorporated in 1995, Dee Development Engineers Limited is an engineering company which provides specialised process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing.
The company carries out its business activities through 6 strategically located manufacturing facilities located in Haryana, Gujarat, and Rajasthan. In addition, the company also operates an international facility in Thailand.
The piping industry of India is likely to benefit from the government’s plan to create five large renewable hydrogen hubs that could be collectively worth USD 5 billion by 2030 via public-private partnerships. The global market for process piping solutions is likely to reach USD 54.5 billion by the end of this decade. It is likely to witness a compounded annual growth rate (CAGR) of 4.6% during 2022-30.
Dee Development Engineers Limited IPO Lot Size
As per DRHP, the objects of offer are listed below:
- Funding the working capital requirement.
- Prepayment or repayment of all or a portion of certain outstanding borrowings.
- General corporate purposes