Subscribe DEE Development Engineers Ltd; Anand Rathi

Anand Rathi, has come out with its report on DEE Development Engineers Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on Jun 19 2024.

Broker Research

June 19, 2024 / 12:48 IST

IPO

Anand Rathi, IPO report on DEE Development Engineers Ltd

DEE Development Engineers Ltd. is an engineering company providing specialized process piping solutions for industries such as oil and gas, power (including nuclear), chemicals and other process industries through engineering, procurement and manufacturing. They have manufacturing experience of over three and a half decades and have been able to leverage their brand, strategically located manufacturing facilities and engineering capabilities to successfully expand their business. As part of their specialized process piping solutions, they 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. The company currently is ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address complex process piping requirement arising from multiple industrial segments.

Valuation and Outlook

DEE holds a strong competitive position, with well-established client relationships and a diverse range of specialized offerings. The company notably benefits from a solid order book and consistent financial performance. Looking at these factors we recommend “Subscribe” rating to the IPO.

For all IPO report, click here