Shares of DEE Development Engineers Limited touched a fresh 52-week high of Rs 681.40 on NSE on 3 June, before later trading off those levels, while investors also reacted to the company’s board approval for a Rs 300 crore preferential issue.

The board cleared a preferential allotment of up to 59.76 lakh equity shares, priced at Rs 502 per share. That price includes a premium of Rs 492 over the face value of Rs 10.

A preferential issue increases the total number of shares outstanding. While that can dilute existing holdings, investors also weigh the benefit of the fresh capital being raised.

Of the Rs 300 crore being raised, Rs 20 crore worth of shares will go to promoter group entity Krishan Lalit Bansal, covering 3.98 lakh shares. 

His percentage ownership is expected to move to 47.31% from 50.82% after the allotment, as the larger allocation to outside investors increases the total share count.

The remaining Rs 280 crore worth of shares will be distributed among 23 non-promoter investors, a mix of mutual funds, alternative investment funds, foreign portfolio investors and other institutional entities. 

Shareholders will vote on the proposal at an Extraordinary General Meeting on 27 June.

The preferential issue announcement came a day after DEE Development disclosed fresh order wins worth Rs 206.55 crore from a Maharatna public sector company in the power sector. 

Those orders are to be executed over two to 15 months from the date of purchase order issuance.

At 12:55 pm on 3 June, DEEDEV was trading up 0.89% at Rs 660.00 on NSE, well off the morning high of Rs 681.40. The stock’s 52-week low is Rs 183.00, recorded on 27 January 2026.

The future of investing is here! Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!