Diffusion Engineers IPO Details
The Diffusion Engineers IPO is a book build issue with a total issue size of ₹158 cr, comprising of fresh issue of 9405000 equity shares. Diffusion Engineers IPO opened for subscription on Sep 26, 2024 and closed on Sep 30, 2024. Diffusion Engineers IPO is set price band at ₹159 to ₹168 per share, with a lot size of 88 shares. Minimum investment for Retail investors was ₹14,784.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 01, 2024, and listed on both the NSE and BSE on Oct 04, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Unistone Capital Pvt Ltd are the Book Running Lead Manager for the issue.
Before investing in the Diffusion Engineers IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 159 – 168
- Lot Size
- 88
- Issue Size
- ₹158 Cr
- Minimum Investment
- ₹14784 (88 Shares)
- Listing Date
- 04 October 2024
Current GMP
₹60 (+35.71%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- Unistone Capital Pvt Ltd
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 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.
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 per share.
Diffusion Engineers IPO lot size is 88 shares, Retail investors need a minimum investment of ₹14784 based on the upper price band
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.
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.
Diffusion Engineers IPO issue size is ₹158 crores.
Diffusion Engineers IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.