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Diffusion Engineers IPO (Diffusion Engineers Limited IPO)

Diffusion Engineers IPO

Diffusion Engineers IPO open for bidding on 26th September 2024 and ends on 30th September 2024.

Diffusion Engineers Limited, established in 1982, is a prominent player in manufacturing welding consumables, wear plates, and heavy engineering machinery for core industries. With a focus on innovation and specialization, the company also provides customized repairs and reconditioning services for heavy machinery.

The company’s product portfolio extends beyond manufacturing, encompassing the trade of anti-wear powders and welding and cutting machinery. A key differentiator is its proprietary super conditioning process, enhancing the wear resistance and durability of machine components, thus reducing operational costs for clients.

Through forward integration, Diffusion Engineers has optimized its production of wear plates, which are critical to heavy industrial equipment. This integration has allowed the company to maintain control over its supply chain and ensure consistent quality.

For more details refer to Diffusion Engineers IPO RHP and Diffusion Engineers IPO Pulse Score

Diffusion Engineers IPO Details

IPO Date26th September 2024 to 30th September 2024
Listing Date4th October 2024
Face Value₹10 per share
Price Band₹159 to ₹168 per share
Lot Size88 Shares
Total Issue Size94,05,000 shares
(aggregating up to ₹158.00 Cr)
Fresh Issue94,05,000 shares
(aggregating up to ₹158.00 Cr)
Employee Discount₹8 per Share
Issue TypeBook Built Issue IPO

IPO Reservation

Investor CategoryShares Offered
Anchor Investor28,06,500(29.8%)
QIB18,71,000(19.9%)
NII14,03,250(14.9%)
bNII9,35,500(9.9%)
sNII4,67,750(5%)
Retail32,74,250(34.8%)
Employees50,000(0.5%)
Total94,05,000(100%)

Diffusion Engineers IPO Timeline

IPO Open26th September 2024
IPO Close30th September 2024
Basis Of Allotment1st October 2024
Initiation of Refunds3rd October 2024
Credit of Shares to Demat3rd October 2024
Listing Date4th October 2024

Fundamentals

Data as of 31st March 2024

Market Cap₹628.76 CrP/E Ratio- Pre IPO15.28
RoNW18.52%P/E Ratio- Post IPO20.41
RoCE20.63%P/B Ratio2.47
Debt to Equity0.18PAT Margin%10.79%

Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.

Diffusion Engineers IPO Objectives

The company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. Funding capital expenditure requirements towards expansion of the 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.

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