DEE Development Engineers Limited Completes Preferential Allotment of Shares; Paid-up Capital Increases by Rs 5.23 Crore
DEE Development Engineers Limited has finalized the preferential allotment of equity shares, resulting in a significant increase in its paid up equity share capital. The decision was made by the company's Fund-Raising Committee on July 08, 2026.The company allotted 59,76,096 fully paid-up equity shares at a face value of Rs. 10 each. The allotment was conducted through a private placement mechanism, and the shares were issued at an issue price of Rs. 502 per Equity Share.
The aggregate consideration received for these shares amounts to Rs. 300,00,00,192.00. The newly allotted equity shares rank pari passu with the company's existing equity shares across all aspects.
The funds raised through this transaction will bolster the company's financial standing. Prior to the allotment, DEE Development Engineers Limited reported a Paid-up Equity Share Capital of Rs. 69,26,33,420. Following the successful completion of the preferential allotment, the total paid up equity share capital increased to Rs. 75,23,94,380.
The shares were allotted to multiple investors, including Krishan Lalit Bansal and several various institutional funds such as Kotak Mahindra Trustee Co Limited A/c Kotak Multi Asset Allocation Fund, WhiteOak Capital Equity Fund, and Ashoka India Equity Investment Trust PLC among others.
Key details of the share issuance and financial impact are summarized below:
| Particulars | Details |
|---|---|
| Type of Security | Equity Shares of Face Value Rs 10 each |
| Total Shares Allotted | 59,76,096 |
| Issue Price per Share | Rs 502/- |
| Aggregate Consideration | Rs 300,00,00,192.00 |
| Previous Paid-up Capital | Rs 69,26,33,420 |
| Post Allotment Paid-up Capital | Rs 75,23,94,380 |
DEEDEV Stock Price Movement
Today, shares of DEE Development Engineers Limited rallied to close at ₹674.95, rising 4.24% in trading. The stock saw significant activity during the session, with a total traded volume recorded at 160,835.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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