Diffusion Engineers IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 27 Sept- 29 Sept- 2024

Price: ₹168
Lot Size:  88 Shares
Allotment Date: 1-Oct-2024
Listing Date: 4-Oct-2024
IPO Size: Approx ₹158.00 Crores

IPO GMP:- 29.76% Or ₹50
Listing Gain 29.76%

Diffusion Engineers IPO Details: The Diffusion Engineers IPO is set to open on September 26, 2024, and will close on September 30, 2024. This IPO is structured as a Book Built Offer, aiming to raise approximately ₹158 crores. This includes a fresh issue of ₹158 crores and an offer for sale of equity shares with a face value of ₹10 each.

The IPO price band is set between ₹159 and ₹168 per share, with allocations of 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-Worth Individuals (HNI). Diffusion Engineers shares are scheduled to be listed on the NSE and BSE on October 4, 2024, with the allotment date set for October 1, 2024.

In terms of financial performance, Diffusion Engineers reported revenue of ₹285.56 crores in 2024, up from ₹258.67 crores in 2023. The company’s profit also increased, reaching ₹30.80 crores in 2024 compared to ₹22.16 crores in 2023. Given these financials, investors may consider this IPO as a potential long-term investment opportunity.

Diffusion Engineers IPO Objectives:

The Company proposes to utilize the Net Proceeds from the Issue towards funding 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.

Diffusion Engineers IPO Review (Apply or Not)

  • May Apply

Diffusion Engineers IPO Date & Price Band Details:

IPO Open Date:September 26, 2024
IPO Close Date:September 30, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹159 to ₹168 Per Share
Issue Size:Approx ₹158.00 Crores
Fresh Issue:Approx ₹158.00 Crores
Issue Type:Book Built Issue
IPO Listing:BSE & NSE
Retail Quota:Not more than 35%
QIB Quota:Not more than 50%
NII Quota:Not more than 15%
Employee Discount:₹8 per share
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Diffusion Engineers IPO Lot Size:

The minimum market lot for the Diffusion Engineers IPO is 88 shares, requiring an application amount of ₹14,784. Retail investors have the option to apply for up to 13 lots, totaling 1,144 shares, with a maximum application amount of ₹192,192.

ApplicationLot SizeSharesAmount
Retail Minimum188₹14,784
Retail Maximum131,144₹192,192
S-HNI Minimum141,232₹206,976
B-HNI Minimum685,984₹1,005,312

Diffusion Engineers IPO Timeline:

The Diffusion Engineers IPO will open on September 26 and close on September 30. The allotment of shares is scheduled to be finalized on October 1, with the IPO expected to list on October 4.

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

Diffusion Engineers IPO GMP Today:

The latest Grey Market Premium (GMP) for the Diffusion Engineers IPO stands at ₹50. With a price band of ₹168.00, the estimated listing price is around ₹218 (cap price + today’s GMP). This suggests an anticipated gain of approximately 29.76% per share.

Promoters of Diffusion Engineers

The promoters of the company are Prashant Garg, Dr. Nitin Garg and Chitra Garg.

About Diffusion Engineers Limited

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;

Diffusion Engineers Company Financial Report

The company reported revenue of ₹285.56 crores in 2024 against ₹258.67 crore in 2023. The company reported profit of ₹30.80 crores in 2024 against profit of ₹22.16 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2022₹208.75₹187.65₹17.05₹189.55
2023₹258.67₹233.14₹22.15₹230.34
2024₹285.56₹245.58₹30.8₹275.59

Diffusion Engineers IPO Valuation – FY2024

Check Diffusion Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:18.52%
ROCE:20.63%
EBITDA Margin:17.04%
PAT Margin:10.79%
Debt to equity ratio:0.18
Earning Per Share (EPS):₹10.94 (Basic)
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):18.52%
Net Asset Value (NAV):₹68.06

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Ador Welding Limited46.4629.0118.43%266.498,83.83 Cr.
AIA Engineering Limited120.435.8818.41%705.8648,53.76 Cr.

Diffusion Engineers IPO Registrar

Bigshare Services Private Limited
E-mail: ipo@bigshareonline.com
Telephone: +91 22-6263 8200
Website: www.bigshareonline.com/

IPO Lead Managers aka Merchant Bankers

  • Unistone Capital Private Limited

Company Address

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

Diffusion Engineers IPO FAQs

1. What is the Diffusion Engineers IPO date?
The Diffusion Engineers IPO opens on September 26, 2024, and closes on September 30, 2024.

2. What is the minimum market lot for the Diffusion Engineers IPO?
The minimum market lot for the IPO is 88 shares, requiring an application amount of ₹14,784.

3. How many lots can retail investors apply for?
Retail investors can apply for up to 13 lots, totaling 1,144 shares, with a maximum application amount of ₹192,192.

4. When will the IPO allotment be finalized?
The allotment of shares will be finalized on October 1, 2024.

5. When is the expected listing date for the IPO?
The Diffusion Engineers IPO is expected to list on October 4, 2024.

6. What is the latest Grey Market Premium (GMP) for the Diffusion Engineers IPO?
As of September 23, 2024, the latest GMP is ₹50.

7. What is the estimated listing price for the Diffusion Engineers IPO?
With a price band of ₹168.00 and the current GMP, the estimated listing price is approximately ₹218.

8. What is the expected percentage gain or loss per share?
The anticipated percentage gain per share is around 29.76%.

9. How can I apply for the Diffusion Engineers IPO?
Investors can apply through their stockbroker or via online platforms that facilitate IPO applications.

10. Is there any risk involved in investing in the IPO?
As with any investment, there are risks involved. It’s essential to conduct thorough research and consider your financial situation before investing.







IPO Date: 27 Sept- 29 Sept- 2024

Price: ₹168
Lot Size:  88 Shares
Allotment Date: 1-Oct-2024
Listing Date: 4-Oct-2024
IPO Size: Approx ₹158.00 Crores

IPO GMP:- 29.76% Or ₹50
Listing Gain 29.76%

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