July 9: DEE Development Engineers Limited, an engineering company providing customized process piping solutions, has successfully completed a INR 300 crore preferential allotment through the issuance of 59.76 lakh equity shares at INR 502 per share to a diversified group of institutional investors, alternative investment funds and strategic investors. The capital infusion further strengthens the company’s balance sheet and provides additional financial flexibility to support its long-term growth strategy.
The preferential issue witnessed participation from a diversified set of domestic and global institutional investors, including funds managed by WhiteOak Capital, Kotak Mahindra Trustee Company, ValueQuest, 360 ONE and other long-term investors.
The capital raise comes at a time when DEE continues to witness strong business momentum. As on June 30, 2026, the company’s order book stood at INR 2,428.20 crore, while cumulative order inflows for FY27 reached INR 780.87 crore, providing healthy revenue visibility across its domestic and international operations.
Commenting on the development, Mr. K. L. Bansal, Chairman and Managing Director, DEE Development Engineers Limited, said:
“The successful completion of this capital raise reflects the confidence that long-term investors have in DEE’s growth strategy, execution capabilities and market positioning. As we continue to strengthen our manufacturing footprint and expand into high-value engineering segments, this additional capital provides us with greater flexibility to pursue the next phase of growth.Our healthy order book, diversified customer base and continued momentum across domestic and international markets provide a strong foundation for sustained execution. We remain focused on creating long-term value through disciplined capital allocation, operational excellence and strategic investments.”
The capital raise follows a year of strong operational and financial performance for DEE. During FY26, the company reported revenue of INR1,142 crore, up 38% year-on-year, Operating EBITDA of INR 191 crore, up 54% year-on-year, and Profit After Tax of INR 77 crore, up 77% year-on-year. Recent milestones include securing the INR 386.83 crore BPCL piping contract, a INR 64 crore windmill tower manufacturing order through DEE Fabricom, and continued expansion across international markets. Together, these developments reinforce DEE’s position as one of India’s leading engineering and manufacturing companies serving the power, oil & gas, industrial and clean energy sectors.