DEE Piping Systems IPO vs Kronox Lab Sciences IPO

Comparision between DEE Piping Systems IPO and Kronox Lab Sciences IPO.

IPO Details

DEE Piping Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kronox Lab Sciences IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DEE Piping Systems IPO	Kronox Lab Sciences IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	SBI Capital Markets Limited Equirus Capital Private Limited	Pantomath Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of DEE Piping Systems IPO is up to ₹418.01 Cr whereas the issue size of the Kronox Lab Sciences IPO is up to ₹130.15 Cr. The final issue price of DEE Piping Systems IPO is ₹203.00 per share and of Kronox Lab Sciences IPO is ₹136.00 per share.

	DEE Piping Systems IPO	Kronox Lab Sciences IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹129.00 per share
Issue Price (Upper)	₹203.00 per share	₹136.00 per share
Issue Price (Final)	₹203.00 per share	₹136.00 per share
Discount (Retail)
Discount (Employee)	₹19.00 per share
Market Lot Size	73 shares	110 shares
Fresh Issue Size	1,60,09,852 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr
OFS Issue Size	45,82,000 shares	95,70,000 shares
OFS Issue Size (Amount)	up to ₹93.01 Cr	up to ₹130.15 Cr
Issue Size Total	2,05,91,852 shares	95,70,000 shares
Issue Size Total (Amount)	up to ₹418.01 Cr	up to ₹130.15 Cr

IPO Timetable

DEE Piping Systems IPO opens on Jun 19, 2024, while Kronox Lab Sciences IPO opens on Jun 03, 2024. The closing date of DEE Piping Systems IPO and Kronox Lab Sciences IPO is Jun 21, 2024, and Jun 05, 2024, respectively.

	DEE Piping Systems IPO	Kronox Lab Sciences IPO
Anchor Bid Date	Jun 18, 2024	May 31, 2024
Issue Open	Jun 19, 2024	Jun 03, 2024
Issue Close	Jun 21, 2024	Jun 05, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 06, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 07, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 07, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 10, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 06, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 04, 2024

Financials

DEE Piping Systems IPO P/E ratio is 83, as compared to Kronox Lab Sciences IPO P/E ratio of 30.37.

DEE Piping Systems IPO

Kronox Lab Sciences IPO

Financial

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
Amount in ₹ Crore

Kronox Lab Sciences Limited Financial Information (Restated)

Kronox Lab Sciences Limited's revenue increased by 16.99% and profit after tax (PAT) rose by 21.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	66.96	54.03	56.79	37.65
Revenue	68.44	97.50	83.34	63.24
Profit After Tax	15.47	16.62	13.63	9.73
Net Worth	60.28	44.68	40.35	26.81
Reserves and Surplus	15.56	7.58	40.11	26.57
Total Borrowing			0.64	0.01
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

99.98%

Promoter Shareholding (Post-Issue)

74.21%

P/E Ratio

30.37

Market Cap

₹1401.69 Cr.

₹504.61 Cr.

ROE

25.66%%

ROCE

3.91%%

33.15%%

Debt/Equity

0.85

EPS

₹2.45

₹4.48

RoNW

3.35%%

25.66%%

Shares Offered

In the DEE Piping Systems IPO retail investors (RII) are offered 71,89,907 shares while in Kronox Lab Sciences IPO retail investors are offered 71,89,907 shares. Qualified institutional buyers (QIB) are offered 41,08,518 shares in DEE Piping Systems IPO and 19,14,000 shares in Kronox Lab Sciences IPO.

	DEE Piping Systems IPO	Kronox Lab Sciences IPO
Anchor Investor Reserveration	61,62,777 shares	28,71,000 shares
Market Maker Reserveration
QIB	41,08,518 shares	19,14,000 shares
NII	30,81,389 shares	14,35,500 shares
RII	71,89,907 shares	33,49,500 shares
Employee	0 shares	0 shares
Others
Total	1,43,79,814 shares	66,99,000 shares

Bids Received (Subscription)

DEE Piping Systems IPO subscribed 103.03x in total, whereas Kronox Lab Sciences IPO subscribed 117.25x.

	DEE Piping Systems IPO	Kronox Lab Sciences IPO
QIB (times)	206.54x	89.03x
NII (times)	149.38x	301.92x
Big NII (times)	165.71x	322.26x
Small NII (times)	116.73x	261.22x
RII (times)	23.66x	54.24x
Employee (times)
Other (times)
Total (times)	103.03x	117.25x

Compare with others

DEE Piping Systems IPO	Kronox Lab Sciences IPO
Emcure Pharma IPO	Vraj Iron and Steel IPO
OLA Electric IPO	Aasaan Loans IPO
Vraj Iron and Steel IPO	Stanley Lifestyles IPO
Aasaan Loans IPO	DEE Piping Systems IPO
Stanley Lifestyles IPO	ixigo IPO
ixigo IPO	Awfis Space Solutions IPO
Kronox Lab Sciences IPO	Go Digit IPO
Awfis Space Solutions IPO	Aadhar Housing Finance IPO
Go Digit IPO	TBO Tek IPO
Aadhar Housing Finance IPO	Indegene IPO

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