The Diffusion Engineers IPO will open on September 26, 2024, and will remain open until September 30, 2024. Notably, this offering follows the Book Built method. In addition, the company plans to raise approximately ₹158 crores through the IPO. Specifically, the issue comprises a fresh issue worth ₹158 crores, along with an offer for sale of equity shares, each with a face value of ₹10.
Table of contents
- Diffusion Engineers IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Diffusion Engineers IPO GMP (Grey Market Premium)
- Diffusion Engineers IPO Application Form PDF
- Diffusion Engineers IPO Subscription Status
- Diffusion Engineers IPO Allotment Status
- IPO Review
- Diffusion Engineers IPO Registrar
- Diffusion Engineers IPO Lead Manager
- Diffusion Engineers Limited Contact
- FAQs
Diffusion Engineers IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Diffusion Engineers Limited |
| Industry | Heavy Engineering and Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 26, 2024 |
| Close Date | September 30, 2024 |
| Total Issue Size | ₹158.00 Crores (9,405,000 Equity Shares) |
| Fresh Issue | ₹158.00 Crores (9,405,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹159 to ₹168 per share |
| Listing on | BSE & NSE |
| Lot Size | 88 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Diffusion Engineers Limited, located at T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur – 440016, Maharashtra, is engaged in the manufacturing of welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries.
With over four decades of experience, the company is dedicated to providing specialized repair and reconditioning services for heavy machinery and equipment. Additionally, they are involved in the trading of anti-wear powders, as well as welding and cutting machinery.
Furthermore, the company has developed a forward integration system, allowing them to manufacture specialized electrodes and flux-cored wires, which are then utilized in the production of wear-resistant plates. Currently, they operate four manufacturing units. Notably, three of these are located in the Nagpur Industrial Area, Hingna, Nagpur – 440016, while the fourth is situated in Khapri (Uma), Nagpur – 441501. Together, these facilities handle the processing and manufacturing of their products.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 27, 2024 |
| IPO Close Date | September 29, 2024 |
| Basis of Allotment | October 1, 2024 |
| Refunds | October 3, 2024 |
| Credit to Demat Account | October 3, 2024 |
| IPO Listing Date | October 4, 2024 |
Financials (₹ in Crores)
| Period Ended | 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 |
| Reserves and Surplus | ₹163.03 | ₹138.39 | ₹117.34 |
| Total Borrowing | ₹34.44 | ₹48.09 | ₹24.6 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,784 |
| Retail (Max) | 13 | 1,144 | ₹192,192 |
| S-HNI (Min) | 14 | 1,232 | ₹206,976 |
| B-HNI (Min) | 68 | 5,984 | ₹1,005,312 |
The objective of the Issue
- The company will primarily use the funds to support capital expenditure for expanding its existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur-441 501, Maharashtra.
- Additionally, the funds will go towards establishing a new manufacturing unit at Plot Nos. 33-B/1/1/ & 33-B/1/1/Part, MIDC, Hingna, Sonegaon District, Nagpur-440 016, Maharashtra.
- Furthermore, the proceeds will help the company meet its working capital requirements and support general corporate purposes.
Company Promoters
- Mr. Prashant Garg
- Dr. Nitin Garg
- Mrs. Chitra Garg
Diffusion Engineers IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Diffusion Engineers IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Diffusion Engineers Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Diffusion Engineers IPO Application Form PDF
To download the Diffusion Engineers IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Diffusion Engineers IPO Subscription Status
This IPO subscription kicks off on September 26, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Diffusion Engineers IPO Allotment Status
To check the Diffusion Engineers IPO allotment status go to the IPO registrar website Bigshare or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Diffusion Engineers has strategically transitioned from producing welding consumables to offering comprehensive welding services and heavy equipment manufacturing.
- Moreover, it plays a crucial role in the OEM ecosystem, serving key industries such as steel, power, and cement.
- In addition, its manufacturing units in Nagpur provide significant logistics advantages, while exports to over 25 countries further strengthen its global presence.
Risks:
- However, the company’s heavy reliance on the domestic market makes it vulnerable to potential downturns.
- Additionally, its concentration of manufacturing in Nagpur poses risks from local disruptions.
- Furthermore, planned facility expansions introduce financial and operational challenges, including possible delays and cost overruns.
Diffusion Engineers IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Diffusion Engineers IPO Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email: mb@unistonecapital.com
Website: www.unistonecapital.com
Diffusion Engineers Limited Contact
DIFFUSION ENGINEERS LIMITED
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna,
Nagpur – 440016 Maharashtra
Phone: +91 9158317943
Email: cs@diffusionengineers.com
Website: www.diffusionengineers.com
FAQs
Diffusion Engineers is launching a main-board IPO to raise ₹158 crores. Specifically, the price range for the offering is set between ₹159 and ₹168 per equity share, and the shares will be listed on both BSE and NSE.
The IPO will open for subscription on September 26, 2024, and will close on September 30, 2024. During this period, it will be available to Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and retail investors.
The allocation is divided as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Investors.
Investors can apply for the IPO online via their bank accounts through ASBA (Applications Supported by Blocked Amount). Alternatively, they can apply online using UPI through stock brokers or submit an offline application through brokers.
In summary, the total issue size for the Diffusion Engineer’s IPO is ₹158 crores.
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