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Diffusion Engineers Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹168
Per Share
GMP
NIL
Grey Market
Est. Listing
₹168
Expected Price
Min. Application
₹29,568
2 lots × 88 shares
IPO Issue Details
Issue Price / Price Band₹168 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size88 Shares per Lot
Total Issue Size94,05,000 shares (aggregating up to ₹157.96 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 26 Sep 2024
Subscription CloseMon, 30 Sep 2024
Anchor AllotmentWed, 25 Sep 2024
Basis of AllotmentTue, 01 Oct 2024
Initiation of RefundsThu, 03 Oct 2024
Credit of Shares to DematThu, 03 Oct 2024
Listing DateFri, 04 Oct 2024
UPI Mandate Deadline2024-09-30
Application & Investment Details
Retail — Min (1 Lots)₹14,784 — 88 shares
Retail — Max (13 Lots)₹192,192 (13 Lots)
HNI — Min (14 Lots)₹2,06,976 — 1,232 shares
EPS (Pre-IPO)₹10.99
EPS (Post-IPO)₹8.23
P/E Ratio (Pre-IPO)15.28x
P/E Ratio (Post-IPO)20.41x
Pre-IPO Promoter Holding2,80,21,259 shares
Post-IPO Promoter Holding3,74,26,259 shares
About Diffusion Engineers Ltd.

Founded in 1982, Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs.Diffusion Engineers Limited has four manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products. The manufacturing operations are spread across the various units as follows:Unit I: Welding electrodes for special purposes;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 the financial year 2024), wear plates, and heavy engineering.As of February 29, 2024, the company had a team of over 130 qualified engineers.

Objects of the Issue

Diffusion Engineers Ltd. proposes to utilise the net proceeds from the Issue for 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; and
4
General Corporate Purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding 2,80,21,259 shares
Post-IPO Promoter Holding 3,74,26,259 shares
Lock-in Period (30%)October 31, 2024
Lock-in Period (50%)December 30, 2024
Check AllotmentCheck Status →
Diffusion Engineers Ltd. — Live Price LIVE
₹168.00
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Issue ₹168.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹168
GMPNIL
Est. Listing₹168
Lot Size88 shares
Min Amount₹29,568
Listing Date04 Oct 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹168
Listing Date04 Oct 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 9,405,000 100.00% ₹158.00 Cr
* Based on ₹168.00 (upper price band)
Lot Size & Investment Details
Lot Size
88
Shares
Issue Price
₹168.00
Per Share
Min Investment
₹14,784
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 88 ₹14,784
Retail (Max) 13 1,144 ₹192,192
sNII (Min) 14 1,232 ₹206,976
bNII (Min) 68 5,984 ₹1,005,312
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31 Mar 202431 Mar 202331 Mar 2022
Revenue from Operations 285.56 258.67 208.75
EBITDA N/A N/A N/A
Profit After Tax (PAT) 30.80 22.15 17.05
Net Worth 190.70 142.00 120.65
Total Assets 275.59 230.34 189.55
Reserves & Surplus 163.03 138.39 117.34
Total Borrowings 34.44 48.09 24.60
Key Ratios & Valuation
Issue Price ₹168
Face Value ₹10 Per Share
P/BV 2.47
RoE 18.52%
RoCE 20.63%
RoNW 18.52%
PAT Margin (%) 10.79%
EBITDA Margin (%) N/A
Debt / Equity 0.18
Company Details
Company
Diffusion Engineers Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur - 440016 Nagpur, Maharashtra
Book Running Lead Managers
Unistone Capital Pvt.Ltd.
Book Running Lead Manager (BRLM)