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Dee Development Engineers files DRHP with SEBI to raise funds via IPO
  • Dee Development Engineers files DRHP with SEBI to raise funds via IPO

    29 September 2023

    Dee Development Engineers Ltd has filed its draft red herring
    prospectus (DRHP) papers with capital markets regulator
    Securities and Exchange Board of India (SEBI) to mop up funds
    through an initial public offering (l PO).

    The company plans to raise funds through offer of equity shares
    (face value < IO each) through initial public offerings. The initial
    share sale comprises fresh issuance of equity shares worth <325
    crore and an offer for sale of 79 lakh equity shares by a promoter
    Krishan Lalit Bansal, according to the piping solutions provider.

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