Diffusion Engineers IPO (Diffusion Engineers Limited 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 Date | 26th September 2024 to 30th September 2024 |
| Listing Date | 4th October 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹159 to ₹168 per share |
| Lot Size | 88 Shares |
| Total Issue Size | 94,05,000 shares (aggregating up to ₹158.00 Cr) |
| Fresh Issue | 94,05,000 shares (aggregating up to ₹158.00 Cr) |
| Employee Discount | ₹8 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 28,06,500(29.8%) |
| QIB | 18,71,000(19.9%) |
| NII | 14,03,250(14.9%) |
| bNII | 9,35,500(9.9%) |
| sNII | 4,67,750(5%) |
| Retail | 32,74,250(34.8%) |
| Employees | 50,000(0.5%) |
| Total | 94,05,000(100%) |
Diffusion Engineers IPO Timeline
| IPO Open | 26th September 2024 |
| IPO Close | 30th September 2024 |
| Basis Of Allotment | 1st October 2024 |
| Initiation of Refunds | 3rd October 2024 |
| Credit of Shares to Demat | 3rd October 2024 |
| Listing Date | 4th October 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹628.76 Cr | P/E Ratio- Pre IPO | 15.28 |
| RoNW | 18.52% | P/E Ratio- Post IPO | 20.41 |
| RoCE | 20.63% | P/B Ratio | 2.47 |
| Debt to Equity | 0.18 | PAT 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:
- 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”)
- 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; and
- General Corporate Purposes.
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