DEE Development Engineers Ltd. has announced public offering of 20591853 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 193.00 per share. The gross proceeds of the issue are expected to be Rs 41,801.46 lakhs.

The company's initial public offer (IPO) will open on 19 June 2024 and is expected to close on 21 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 193.00-203.00 per share.

The IPO includes a fresh Issue of 20591853 Equity Shares of the Company at an price of Rs 203.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 73 shares with bids in multiples of 73.

DEE Development Engineers Ltd. anticipates using the proceeds of the issue for .

Equirus Capital Private Limited,SBI Capital Markets Ltd. as lead manager(s) & Link intime India Pvt. Ltd. is the registrar, to the issue.