Diffusion Engineers IPO Date, Review, Price, Allotment Details

Diffusion Engineers IPO is opening for subscription on September 26, 2024, and closing on September 30, 2024. This Main-board IPO aims to raise ₹158.00 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Diffusion Engineers IPO is fixed at ₹159 – ₹168 per Share, with a market lot of 88 Shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Diffusion Engineers IPO Allotment will done on October 1, 2024, and Diffusion Engineers IPO listing date is October 4, 2024.

 

Diffusion Engineers Company Profile

Diffusion Engineers Limited is a leading engineering solutions company based in Nagpur, Maharashtra, specializing in manufacturing welding consumables, wear plates, wear parts, and heavy engineering machinery. With over four decades of experience, the company has carved a niche in providing repair, reconditioning, and maintenance services for industrial equipment and machinery across various core industries.

Key Business Activities:

1. Manufacturing:
   • Welding Consumables: Diffusion Engineers is known for its production of high-quality welding consumables used across various sectors. These include special-purpose electrodes and flux-cored wires, essential for industrial welding and fabrication work.
   • Wear Plates & Parts: The company manufactures wear-resistant plates (commonly referred to as wear plates), which are used in industries dealing with heavy machinery and abrasive environments. These products help in enhancing the durability and performance of equipment subjected to continuous wear and tear.
   • Heavy Engineering Machinery: Diffusion Engineers is also engaged in the fabrication and production of specialized heavy engineering machinery, catering to industries like cement, steel, and mining, where durability and high performance are critical.
2. Repair and Reconditioning:
   • The company offers repair and reconditioning services for heavy-duty machinery. This includes restoring the efficiency of worn-out or damaged industrial equipment, extending their operational life, and minimizing downtime for companies in various sectors like steel, cement, power, and mining.
3. Anti-Wear Powders & Trading:
   • Along with manufacturing, Diffusion Engineers is involved in the trading of anti-wear powders and cutting and welding machinery, further broadening its service portfolio and enhancing its market presence.

Manufacturing Facilities

The company operates through four advanced manufacturing units, all strategically located in Nagpur, Maharashtra:

1. Unit I, II, and III: Situated in the Nagpur Industrial Area, MIDC, Hingna, these facilities are dedicated to the processing and production of welding consumables and wear parts.
2. Unit IV: Located in Khapri (Uma), Nagpur, this facility handles additional manufacturing operations and supports the company’s efforts in expanding its production capacity.

Future Expansion:

To meet increasing demand and maintain its leadership position, Diffusion Engineers is planning further expansion of its Unit IV and is also setting up a new manufacturing facility in Hingna, Sonegaon District, Nagpur. This new facility will bolster its production capabilities and enable the company to cater to a broader range of industrial clients.

Product Offerings

Diffusion Engineers’ product range is comprehensive, designed to meet the needs of various heavy industries, including:

• Special Purpose Electrodes: Engineered for challenging industrial applications, these electrodes are designed for high-performance welding in abrasive and high-wear environments.
• Flux-Cored Wires: The company manufactures flux-cored wires that are essential for producing wear-resistant components used in machinery operating in harsh conditions.
• Wear Plates: Diffusion Engineers’ wear plates are widely used in sectors like mining, cement, and steel, where equipment durability is essential.
• Heavy Engineering Machinery: The company also produces high-end heavy machinery tailored for industrial use in sectors such as power generation, cement production, and steel manufacturing.

 

Diffusion Engineers IPO GMP

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Diffusion Engineers IPO Objectives

The funds raised through the IPO will be utilized for:

1. Expansion of Manufacturing Facilities: The company plans to use the IPO proceeds to fund the expansion of its manufacturing facilities at Unit IV in Nagpur, Maharashtra.
2. Setting up a New Facility: Establishing a new facility at Hingna, Sonegaon, Nagpur.
3. Working Capital Requirements: Part of the proceeds will be used to meet the company’s working capital needs.
4. General Corporate Purposes.

 

Diffusion Engineers IPO Key Details

• Diffusion Engineers IPO Open Date: September 26, 2024
• Diffusion Engineers IPO Close Date: September 30, 2024
• Diffusion Engineers IPO Size: Approximately ₹158.00 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Diffusion Engineers IPO Price Band: ₹159 – ₹168 per Equity Share
• Diffusion Engineers IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Diffusion Engineers IPO Timeline

• Diffusion Engineers IPO Open Date: September 26, 2024
• Diffusion Engineers IPO Close Date: September 30, 2024
• Basis of Allotment: October 1, 2024
• Refunds: October 3, 2024
• Credit to Demat Account: October 3, 2024
• Diffusion Engineers IPO Listing Date: October 4, 2024

 

How to Apply for Diffusion Engineers IPO

Investors can apply for the Diffusion Engineers IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Diffusion Engineers Financial Performance (in Crores)

• Year 2022: Revenue: ₹208.75 Cr, Expenses: ₹187.65 Cr, Profit After Tax: ₹17.05 Cr, Total Assets: ₹189.55 Cr
• Year 2023: Revenue: ₹258.67 Cr, Expenses: ₹233.14 Cr, Profit After Tax: ₹22.16 Cr, Total Assets: ₹230.34 Cr
• Year 2024: Revenue: ₹285.56 Cr, Expenses: ₹245.58 Cr, Profit After Tax: ₹30.80 Cr, Total Assets: ₹275.59 Cr

 

Diffusion Engineers Valuation FY2023

• Return on Equity (ROE): 18.52%
• Return on Capital Employed (ROCE): 20.63%
• EBITDA Margin: 17.04%
• PAT Margin: 10.79%
• Debt-to-Equity Ratio: 0.18
• Earnings Per Share (EPS): ₹10.94
• Net Asset Value (NAV): ₹68.06

 

Diffusion Engineers Peer Group

Company Ador Welding Limited: EPS: ₹46.46, PE Ratio: 29.01, RoNW: 18.43%, NAV: ₹266.49, Revenue: ₹883.83 Cr
Company AIA Engineering Limited: EPS: ₹120.4, PE Ratio: 35.88, RoNW: 18.41%, NAV: ₹705.86, Revenue: ₹4,853.76 Cr

 

Diffusion Engineers Company Promoters

• Prashant Garg
• Dr. Nitin Garg
• Chitra Garg.

 

Diffusion Engineers IPO Registrar

Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: https://ipo.bigshareonline.com/IPO_Status.html
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Diffusion Engineers IPO Allotment Status Check

• Check the Diffusion Engineers IPO allotment status on the Bigshare Serviceswebsite.

 

Diffusion Engineers IPO Allotment Link

• Check the Diffusion Engineers IPO allotment on the Check ipo Allotment website.

 

Diffusion Engineers IPO Lead Managers (Merchant Bankers)

• Unistone Capital Private Limited

Diffusion Engineers Company Address

T-5 & T-6,
Nagpur Industrial Area, MIDC,
Hingna
Nagpur,Maharashtra-440 016 India
Website: https://www.diffusionengineers.com/
Phone: +91 9158317943
Email: cs@diffusionengineers.com

Diffusion Engineers IPO FAQs

What is Diffusion Engineers IPO?

Diffusion Engineers IPO is a Main-board IPO. They are going to raise ₹158.00 Crores via IPO. The issue is priced at ₹159 – ₹168 per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Diffusion Engineers IPO open?

The IPO is to open on September 26, 2024, for NII, and Retail Investors.

 

What is Diffusion Engineers IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Diffusion Engineers IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Diffusion Engineers IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Diffusion Engineers IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Diffusion Engineers IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Diffusion Engineers IPO Size?

Diffusion Engineers IPO size is ₹158.00 Crores.

 

What is Diffusion Engineers IPO Price Band?

Diffusion Engineers IPO Price Band is ₹159 – ₹168 per equity share.

 

What is Diffusion Engineers IPO Minimum and Maximum Lot Size?

The IPO bid is 88 Shares with ₹14,784.

 

What is Diffusion Engineers IPO Allotment Date?

Diffusion Engineers IPO allotment date is October 1, 2024.

 

What is Diffusion Engineers IPO Listing Date?

Diffusion Engineers IPO listing date is October 4, 2024. The IPO to list on NSE & BSE.