DEE Development Engineers Limited announced the allotment of equity shares through a preferential issue following regulatory approvals and shareholder consent.

Key Quantitative Figures

  • Number of shares allotted: 59,76,096 equity shares
  • Face value per share: ₹10
  • Issue price per share: ₹502 (including premium of ₹492 per share)
  • Total aggregate consideration: ₹300,00,00,192.00 (₹300 crore)
  • Pre-allotment paid-up equity capital: ₹69,26,33,420 (₹69.26 crore)
  • Post-allotment paid-up equity capital: ₹75,23,94,380 (₹75.24 crore)
  • Capital increase: ₹5,97,60,960

Parties Involved

Allottees (24 entities):

1. Krishan Lalit Bansal

2. Kotak Mahindra Trustee Co Limited A/c Kotak Multi Asset Allocation Fund

3. WhiteOak Capital Equity Fund

4. WhiteOak Capital India Opportunities Fund

5. Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Fund

6. Ashoka WhiteOak ICAV – Ashoka Whiteoak Emerging Markets Equity Ex China Fund

7. TCW White Oak Emerging Markets Equity Fund

8. Ashoka India Equity Investment Trust PLC

9. Ashoka WhiteOak Emerging Market Trust PLC

10. India Acorn Fund Ltd

11. ValueQuest India G.I.F.T. Fund

12. ValueQuest India Inflexion Fund

13. 360 ONE PIPE Fund

14. Enigma Small Opportunities Fund

15. Meghraj Properties Private Limited

16. Niveshaay Hedgehogs Fund

17. LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF 1

18. Zeal Global Opportunities Fund

19. Finavenue Capital Trust – Finavenue Growth Fund

20. Swati Agarwal

21. Preeti Singal

22. Tushar Aggarwal HUF

23. Achen Jakher

24. Invicto Incrementum Fund

Company Representatives:

  • Ranjan Kumar Sarangi, Company Secretary & Compliance Officer (Membership No.: F8604)

Capital Structure Impact

  • The allotted shares will rank pari passu with existing equity shares
  • Dilution effect: The equity base increases by approximately 8.63% (from ₹69.26 crore to ₹75.24 crore)

Financial Impact

  • Immediate cash inflow: ₹300 crore
  • Equity capital increased by ₹5.97 crore (face value)
  • Share premium account increased by ₹294.03 crore

Consideration Type

Cash consideration only

Tenure/Conversion

Not applicable (equity shares, not convertibles)

Cancellation/Termination

Not applicable