DEE Development Engineers Raises Rs 300 CR via Preferential Issue

New Delhi, Jul 9 (PTI) Engineering firm DEE Development Engineers Ltd on Thursday said that it has raised Rs 300 crore through preferential allotment of equity shares to institutional and strategic investors.

The capital raise comes at a time when DDEL continues to witness strong business momentum.

In a statement, DEE Development Engineers Ltd (DDEL) said that it has “completed a Rs 300 crore preferential allotment through the issuance of 59.76 lakh equity shares at Rs 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 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,” DEE Development Engineers Ltd Chairman and Managing Director K L Bansal said.

As of June 30, the company’s order book stood at Rs 2,428.20 crore, while cumulative order inflows for FY27 reached Rs 780.87 crore, providing healthy revenue visibility across its domestic and international operations.

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