DEE Development Engineers Ltd. IPO

We are an engineering company providing specialized process piping solutions for industries such as oil and gas, power, chemicals and other process industries through engineering, procurement and manufacturing. We have manufacturing experience of over three and a half decades and have been able ... to leverage our brand, strategically located manufacturing facilities and engineering capabilities to successfully expand our business. We also manufacture and supply piping products such as high-pressure piping systems, piping spools, high frequency induction pipe bends, Longitudinally Submerged Arc Welding pipes, industrial pipe fittings, pressure vessels, industrial stacks, modular skids and accessories including, boiler superheater coils, de-super heaters and other customized manufactured components. Read more

Our Company was originally incorporated as “DE Development Engineers Private Limited” a private limited company under the Companies Act, 1956 through certificate of incorporation dated March 21, 1988, issued by the RoC. Thereafter, the name of the Company was changed to “DEE ... Development Engineers Private Limited” pursuant to a Board resolution dated September 28, 1997 and a special resolution passed in the general meeting of the Shareholders held on October 22, 1997 and consequently a fresh certificate of incorporation dated January 8, 1998 was issued by the RoC to reflect the change in name.

Pursuant to an amendment in the Companies Act, 1956, our Company was deemed public under Section 43A (1A) of the Companies Act, 1956 with effect from July 1, 1998. Consequently, the word ‘Private’ was deleted from the name of our Company and the name was changed to “DEE Development Engineers Limited” pursuant to a Board resolution dated June 1, 1998.

Thereafter, our Company was converted into a private limited company pursuant to an amendment to Section 43A (1A) in Companies Act, 1956 by Section 43A (2A) of the Companies Amendment Act, 2000 with effect from July 16, 2004 and the name was changed to “DEE Development Engineers Private Limited” pursuant to a Board resolution dated July 16, 2004.

The name of our Company was changed to ‘DEE Development Engineers Limited’ upon conversion to a public limited company pursuant to a Board resolution dated December 29, 2009 and a resolution passed in the extra-ordinary general meeting of the Shareholders held on January 18, 2010 and consequently a fresh certificate of incorporation dated March 11, 2010, was issued by the RoC.

The global market for process piping solutions is expected to reach USD 54.5 billion by the end of this decade, growing by a CAGR of 4.8% during 2023-30 period. The process piping solutions market in India managed to generate an annual turnover of approximately INR 25.4 thousand crores in FY ... 2023. By FY 2030, the annual turnover in Indian process piping solution market is expected to reach INR 38.4 thousand crores, increasing by a CAGR of nearly 6.1% between FY 2023 and FY 2030. The demand for process piping solution is directly tied to the capital expenditure pattern in industrial segment. Read more