ET Intelligence Group: DEE Development Engineers, an engineering company specialising in piping systems for refineries, power plants, and process industries, plans to raise ₹418 crore through an initial public offering. Of this amount, ₹325 crore will be raised by selling newly issued shares, with ₹175 crore of this intended for loan repayment and the remainder for enhancing working capital. The promoter, Krishan Lalit Bansal, plans to sell 4.5
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