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Diffusion Engineers IPO

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BSE,NSE 26 September - 30 September 2024
Diffusion Engineers Limited IPO is a book build issue of 158 Cr. The issue is entirely a fresh issue of 9405000 shares aggregating to 158 Cr. Diffusion Engineers Limited IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. The allotment for the this IPO was finalized on Oct 01, 2024. IPO was listed on NSE and BSE on Oct 04, 2024. Diffusion Engineers Limited IPO is set issue price band at ₹159 to ₹168 per share.

Current GMP

₹60 (+35.71%)

Price Band

₹ 159 – 168

Lot Size

88

Issue Size

₹158 Cr

Minimum Investment

₹14784 (88 Shares)

Listing Date

04 October 2024

Subscription

114.49x

About the Company

Incorporated in the year 1982, Diffusion Engineers specializes in the production of welding consumables, wear plates, wear parts, and heavy engineering machinery for key industries. With extensive experience, the company is committed to offering specialized repair and reconditioning services for heavy machinery and equipment. Additionally, they trade in anti-wear powders as well as welding and cutting machinery. The wear plates they manufacture are essential components for a wide range of large industrial equipment, significantly contributing to sectors such as cement, steel, power, mining, engineering, oil and gas, and sugar.

 Company presently operate from four manufacturing units, out of which Unit I, II and III are located in Nagpur Industrial Area, Hingna, Nagpur – 440 016, Maharashtra and Unit IV is located in Khapri (Uma), Nagpur– 441 501, Maharashtra for processing and manufacturing of products.  Company's manufacturing operations are distributed across different units as under:
- Unit I: special purpose welding electrodes;
- Unit II: flux cored wires, wear plates and wear parts through fabrication and machining;
- Unit III: coatings for abrasion and corrosion resistance;
- Unit IV: flux cored wires (since Fiscal 2024), wear plates and heavy engineering machinery.


Promoters

  1. Mr. Prashant Garg
  2. Dr. Nitin Garg
  3. Ms. Chitra Garg
Promoters Holding

Holding Pre Issue

93.10%

Holding Post Issue

69.70%

Objects of the Issue


The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

  1. Funding capital expenditure requirements towards the expansion of existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (Proposed Expansion).
  2. Setting up of a new manufacturing facility located at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur-440 016, Maharashtra (Proposed Facility).
  3. Funding working capital requirements of the Company.
  4. General Corporate Purposes.

Address / Contact Info

Diffusion Engineers Limited
T-5 & T-6,Nagpur Industrial Area, MIDC,
Hingna, Nagpur - 440016

Phone: +91 9158317943
Email: cs@diffusionengineers.com
Website: https://www.diffusionengineers.com

IPO Snapshot

Face Value₹10 per share
Price Band₹ 159 – 168
Lot Size88
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 158.00 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 158.00 Cr
Listing AtBSE,NSE
Employee Discount8
Industry
Sector
QIB Quota19.9%
BNII Quota9.95%
SNII Quota4.97%
Retail Quota34.81%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Diffusion Engineers IPO is a Book-building IPO worth ₹158 crores. The price band is ₹159 to 168 per share. The IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.

The Diffusion Engineers IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024

Diffusion Engineers IPO Price Band is ₹159 to 168.

Diffusion Engineers IPO lot size is 88, and the minimum amount required for application is ₹14784.

The minimum investment for Diffusion Engineers IPO is approximately ₹14784 based on the upper price band.

To apply for the Diffusion Engineers IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 30, 2024. After submission, funds are blocked until the basis of allotment of Diffusion Engineers IPO is finalised.

Diffusion Engineers IPO issue size is ₹158 crores.

Diffusion Engineers IPO allotment date is Sat, Jun 27, 2026.

The registrar for Diffusion Engineers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Diffusion Engineers IPO through their official website or helpline.

The Diffusion Engineers IPO GMP (Grey Market Premium) is ₹60 as of Fri, Oct 4, 2024. Based on the upper price band of ₹168 per share, the estimated Diffusion Engineers IPO listing price is ₹228, indicating a potential listing gain of approximately 31% over the issue price.