Diffusion Engineers IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Thu, 26 Sep 2024
Close Date
Mon, 30 Sep 2024
Price Band
₹ 159 – 168
Lot Size
88
Issue Size
₹ 158.00 Cr
Minimum Investment
₹ 14,784 (88 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Diffusion Engineers IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹158.00 Crore, comprising a fresh issue of 94.05 Lakh equity shares aggregating to ₹158.00 Crore.
The Diffusion Engineers IPO remained open for subscription from September 26, 2024, to September 30, 2024. The basis of allotment was finalized on October 01, 2024, and the company's shares were listed on the NSE and BSE on October 04, 2024.
The company had fixed the price band at ₹159 to ₹168 per share, with a lot size of 88 shares. Retail investors were required to make a minimum investment of ₹14,784 (based on the upper price band) to apply for one lot.
The IPO also included a reservation of 50,000 equity shares for eligible employees, who received a discount of ₹8 per share.
Bigshare Services Pvt Ltd served as the registrar to the issue. Unistone Capital Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Diffusion Engineers Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Diffusion Engineers IPO Timeline (Tentative)
- IPO Open Date
- Thu, 26 Sep 24
- IPO Close Date
- Mon, 30 Sep 24
- Basis of Allotment
- Tue, 01 Oct 24
- Initiation of Refunds
- Thu, 03 Oct 24
- Credit of Shares to Demat
- Thu, 03 Oct 24
- Listing Date
- Fri, 04 Oct 24 — NSE & BSE
Open Date
26 September 2024
Close Date
30 September 2024
Basis Of Allotment
01 October 2024
Listing Date
04 October 2024
IPO Subscription
Check Live Subscription →The Diffusion Engineers IPO has received bids for 75,54,87,744 shares against 65,98,500 shares offered, resulting in an overall subscription of 114.49x. the NII category is subscribed 207.6x, Retail Investors 85.61x, Employees 95.03x, and QIBs 95.74x. Within the NII category, BNII is subscribed 203.34x, while SNII is subscribed 216.13x.
QIB
95.74x
NII
207.6x
BNII
203.34x
SNII
216.13x
RII
85.61x
EMP
95.03x
Total
114.49x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 32,74,250 shares, representing 34.81% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 18,71,000 shares (19.9%), while Non-Institutional Investors (NIIs) receive 14,03,250 shares (14.92%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 2,806,500 | 29.84% |
| Qualified Institutions | 1,871,000 | 19.9% |
| Non-Institutional | 1,403,250 | 14.92% |
| BNII | 935,500 | 9.95% |
| SNII | 467,750 | 4.97% |
| Retail Investors | 3,274,250 | 34.81% |
| Employees | 50,000 | 0.53% |
| Total | 9,405,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 275.59 | 230.34 | 189.55 |
| Revenue | 285.56 | 258.67 | 208.75 |
| Profit After Tax | 30.8 | 22.15 | 17.05 |
| Net Worth | 190.7 | 142 | 120.65 |
| Reserve & Surplus | 163.03 | 138.39 | 117.34 |
| Total Borrowings | 34.44 | 48.09 | 24.6 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Diffusion Engineers Limited KPI Information
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 18.52 |
| ROCE % | 20.63 |
| Debt / Equity | 0.18 |
| RoNW % | 18.52 |
| PbW | 2.47 |
| Pat Margin % | 10.79 |
Peers Comparison
No Peer Comparision Available
About Diffusion Engineers Limited
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.
Diffusion Engineers IPO Promoters
- Mr. Prashant Garg
- Dr. Nitin Garg
- Ms. Chitra Garg
Promoters Holding
Holding Pre Issue
93.10%
Holding Post Issue
69.70%
Diffusion Engineers IPO Objective
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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).
- 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).
- Funding working capital requirements of the Company.
- General Corporate Purposes.
Diffusion Engineers Limited Address / Contact Details
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
Diffusion Engineers IPO Lot Size
The Diffusion Engineers IPO has a lot size of 88 shares. Retail investors require a minimum investment of ₹14,784 by applying for 1 lot (88 shares). The maximum application allowed for the retail category is 13 lots (1,144 shares), requiring an investment of ₹1,92,192.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 88 | 14,784.00 |
| Retail (Max) | 13 | 1,144 | 192,192.00 |
| S-HNI (Min) | 68 | 5,984 | 1,005,312.00 |
| S-HNI (Max) | 67 | 5,896 | 990,528.00 |
| B-HNI (Min) | 68 | 5,984 | 1,005,312.00 |
Issue Reservation
- Anchor Investors — 29.84%
- QIB — 19.9%
- NII — 14.92%
- RII — 34.81%
- EMP — 0.53%
Book Running Lead Managers
- Unistone Capital Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Diffusion Engineers IPO?
Diffusion Engineers IPO is a Book-building IPO with a total issue size of ₹158 crore. The Diffusion Engineers IPO price band is ₹159 to 168 per share. The Diffusion Engineers IPO subscription opens on Thu, Sep 26, 2024, and closes on Mon, Sep 30, 2024. The Diffusion Engineers IPO will be listed on the BSE,NSE. Bigshare Services Pvt Ltd is the registrar for the Diffusion Engineers IPO.
When will the Diffusion Engineers IPO open for subscription?
The Diffusion Engineers IPO opens on Thu, Sep 26, 2024 and closes on Mon, Sep 30, 2024
What is Diffusion Engineers IPO Price Band?
Diffusion Engineers IPO Price Band is ₹159 to 168 per share.
What is Diffusion Engineers IPO Lot Size?
Diffusion Engineers IPO lot size is 88 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
What is the minimum investment for Diffusion Engineers IPO?
The minimum investment for Diffusion Engineers IPO is ₹14784, based on one lot of 88 shares at the upper price band of ₹168 per share.
How to apply for Diffusion Engineers IPO?
Investors can apply for the Diffusion Engineers IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 30, 2024. The application amount remains blocked until the Diffusion Engineers IPO allotment is finalized.
What is Diffusion Engineers IPO Issue Size?
Diffusion Engineers IPO issue size is ₹158 crores.
What is the Diffusion Engineers IPO Allotment Date?
Diffusion Engineers IPO allotment date is Tue, Oct 1, 2024.
Who is the Diffusion Engineers IPO Registrar?
The registrar for Diffusion Engineers IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Diffusion Engineers IPO allotment status, refund processing, and other IPO-related information.
What is the Diffusion Engineers IPO GMP?
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 35.71% over the issue price.
Who is the Diffusion Engineers IPO Lead Manager?
The book-running lead managers (BRLMs) for the Diffusion Engineers IPO are Unistone Capital Pvt Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Diffusion Engineers IPO Red Herring Prospectus (RHP).