Diffusion Engineers Limited IPO

Mainboard

Other Industrial Products

Listed On: Oct 4, 2024 at ₹ 193.5(NSE)

Exp. Premium: 53-55 (31.55%)

₹ 14784 /88 Shares

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Price Summary

Last Closing

303.00 (80.36%)

52 Week High

489.96

52 Week Low

193.05

Last Update

22-Nov-2024 3:30 PM

Diffusion Engineers IPO Details

26 Sep, 2024

Open Date

30 Sep, 2024

Close Date

01 Oct, 2024

Allotment Date

04 Oct, 2024

Listing Date

Issue Price

₹159-168 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

193.5(NSE)

Listing Date

2024-10-04

Market Lot

Retail : 88 Shares (₹14,784/-)
S-HNI : 1,232 Shares (₹2,06,976/-)
B-HNI : 5,984 Shares (₹10,05,312/-)

Lead Manager

Unistone Capital Pvt Ltd

Issue Size

9,405,000 shares(aggregating up to ₹158.00 Cr)

Retail Portion

35% (Number of Retail Applications: 37,217 Approx),
(Number of S-HNI Applications : 380 Approx),
(Number of B-HNI Applications : 760 Approx)

Subscription

114.50 times

IPO Docs

DRHP RHP ANCHOR

Diffusion Engineers IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	1,871,000	1,403,250 935,500 467,750	3,274,250	6,598,500
Day 1 - 26-09-24 05:00 PM	0.03 x	6.80 4.26 x 11.87 x	11.24 x	7.16 x
Day 2 - 27-09-24 05:00 PM	0.25 x	40.72 32.03 x 58.10 x	32.47 x	25.09 x
Day 3 - 30-09-24 05:00 PM	95.74 x	207.60 203.34 x 216.13 x	85.61 x	114.50 x

Total No. of Applications: 29,85,395 (Approx)

Retail Subscription on the basis of Applications: Retail:76.12x BHNI:40.46x SHNI:206.08x times

Diffusion Engineers Valuations

EPS Pre IPO

10.99

EPS Post IPO

8.23

P/E Pre IPO

15.28

P/E Post IPO

20.41

RoNW

18.52%

Diffusion Engineers Company Financials All values are in ₹ Cr.

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05

About The Company

After being founded as a Private Limited Company in 1982, Diffusion Engineers Limited experienced a number of important changes. One of the most important turning points in its corporate history was its 1995 conversion to a Public Limited Company.

From commencing manufacturing of welding electrodes in 1993 to crossing a turnover of ₹2000.00 million in 2023, Diffusion Engineers has consistently strived for excellence. Its entry into joint ventures and subsidiaries, as well as its land acquisitions for production plants, demonstrate its dedication to innovation and market leadership.

Its industrial capability is further validated by awards and accreditations. Recognitions such as the Best Employer Brands and Great Place to Work certifications affirm its dedication to employee welfare and organisational excellence. Moreover, accreditations by the National Accreditation Board underscore its commitment to quality and standards compliance.

Diffusion Engineers - Strength and Weakness

Strength

A synergistic business model with 90.92% revenue from integrated products.

Serving major industries through 31 OEMs and 472 direct customers.

Long-standing relationships with over 503 customers in FY24.

Strategically located manufacturing units for efficient operations across India.

Weakness

Dependence on domestic sales, with 89.75% revenue from India.

All manufacturing units concentrated in Nagpur, Maharashtra, risking disruptions.

Risks of delays in new facility setup impacting growth plans.

Diffusion Engineers - Promoter(s)

Pre Issue Share Holding: 93.10%

Post Issue Share Holding: 69.70%

Company Promoter(s)

Mr. Prashant Garg
Dr. Nitin Garg
Ms. Chitra Garg

Diffusion Engineers IPO - Issue Objectives

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 IPO - Anchor Investors

Diffusion Engineers mobilises over Rs 47 crore via anchor book.

HDFC Mutual Fund was the biggest investor amongst them, buying 10.8 lakh equity shares worth Rs 18.14 crore, followed by 3P India Equity Fund I which acquired 8.92 lakh shares worth Rs 15 crore.

Saint Capital Fund and Craft Emerging Market Fund PCC were the last two investors, picking shares worth Rs 9 crore, and Rs 5 crore, respectively.

Other Details

Company Contact Details

Diffusion Engineers

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

Phone: +91 9158317943

Email: cs@diffusionengineers.com

Website: https://www.diffusionengineers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Diffusion Engineers IPO - FAQs

Ans. Diffusion Engineers Limited IPO is a Mainboard IPO. The issue is priced at ₹159-168 per equity share. The minimum order quantity is 88 Shares. The IPO opens on Sep 26, 2024, and closes on Sep 30, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Diffusion Engineers Limited IPO opens on Sep 26, 2024 and closes on Sep 30, 2024.

Ans. The size of Diffusion Engineers Limited IPO is 9,405,000 shares(aggregating up to ₹158.00 Cr).

Ans. The IPO price band is set between ₹159-168 per equity share.

Ans. To apply for Diffusion Engineers Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Diffusion Engineers Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Diffusion Engineers Limited IPO is Oct 1, 2024.

Ans. The Diffusion Engineers Limited IPO will be listed on Oct 4, 2024.

Ans. Follow the steps to check the allotment status for Diffusion Engineers Limited IPO here.