Dee Development Engineers files DRHP with SEBI to raise funds via IPO
Written by: Planify
Published: 29 September 2023
Updated: 22 February 2024
1 min read
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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