Diffusion Engineers ltd IPO Details : Diffusion Engineers IPO will be open for subscription on September 26, 2024, and close on September 30, 2024, with the allotment expected to be finalized on October 1, 2024.
About Diffusion Engineers Ltd.
Diffusion Engineers Limited, established in 1982, specializes in manufacturing welding consumables, wear plates and parts, and heavy machinery for core industries. Company are engaged in the business of providing engineering solutions to customers both in domestic and international market.
Diffusion Engineers has been in existence for over four decades and provides a wide range of products and services including manufacture of special welding consumables, wear plates and heavy engineering equipment for core industries and provide special and customized repairs and reconditioning services of heavy machinery and equipment.
The company are also involved in trading of anti-wear powders and welding and cutting machinery. Company provide super conditioning process at our manufacturing facilities, a surface treatment solution for machine components that greatly improves wear resistance, eliminates stress and increases their repair ability leading to extended life of industrial parts resulting in smoother functioning and economy in production costs.
Diffusion Engineers have developed a synergistic system of forward integration whereby we manufacture special purpose electrodes and flux cored wires which are utilized for manufacturing wear resistance plates(commonly known as wear plates). These wear plates then become an integral part of the majority of large industrial equipment which are made in our heavy engineering division are significant contributor in manufacturing of industrial equipment used in core industries like Cement, Steel, Power, Mining, Engineering, Oil & Gas, Sugar etc.
Company have expertise to design, develop and manufacture complex and specialized industrial equipment and components for OEM’s and end user industries. The company, which housed a team of over 128 qualified engineers who are deployed in various departments as of November 30, 2023, along with our decades of experience in welding consumables and wear plates, enables us to develop specialized products and solutions.
Diffusion Engineers Limited presently operate from four manufacturing units, out of which Unit I, II and III are located in Nagpur Industrial Area, Hingna, Nagpur –440 016, Maharashtra and Unit IV is located in Khapri (Uma), Nagpur –441 501, Maharashtra for processing and manufacturing of our products.
Diffusion Engineers ltd IPO Details:
Diffusion Engineers Ltd IPO is a fresh issue of 0.94 crore shares, priced at Rs 158.00 crores. Diffusion Engineers IPO will be open for subscription on September 26, 2024, and close on September 30, 2024, with the allotment expected to be finalized on October 1, 2024.
Diffusion Engineers IPO is set to be listed on both BSE and NSE with a tentative listing date of October 4, 2024.
Diffusion Engineers Ltd IPO price range is ₹159 to ₹168 per share, with a minimum lot size of 88 shares required for application. Retail investors are required to invest a minimum of ₹14,784.
The issue includes a reservation of up to 50,000 shares for employees, offered at a discount of Rs 8 to the issue price.
Unistone Capital Pvt Ltd is the book running lead manager for the Diffusion Engineers IPO, while Bigshare Services Pvt Ltd serves as the registrar.
Please refer to Diffusion Engineers IPO DRHP for more detailed information.
Diffusion Engineers Ltd IPO Objective:
The company plans to use the net proceeds from the issue to fund the following objectives:-
- Funding capital expenditure requirements towards expansion of our existing manufacturing facility at Khasra No. 36, 37, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur-441 501, Maharashtra(“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 4.General Corporate Purposes
Diffusion Engineers Ltd IPO Date :
Diffusion Engineers IPO will be open for subscription on September 26, 2024, and close on September 30, 2024. Here’s a summary of the timeline you provided:
- IPO Open Date: Thursday, September 26, 2024
- IPO Close Date: Monday, September 30, 2024
- Basis of Allotment: Tuesday, October 1, 2024
- Initiation of Refunds: Thursday, October 3, 2024
- Credit of Shares to Demat: Thursday, October 3, 2024
- Listing Date: Friday, October 4, 2024
Diffusion Engineers Ltd IPO Price:
Diffusion Engineers’ IPO price ranges from ₹159 to ₹168 per share, with a minimum lot size of 88 shares and a minimum investment of ₹14,784.
Diffusion Engineers Ltd IPO Lot Size and Amount:
| Application Type | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,784 |
| Retail (Max) | 13 | 1,144 | ₹192,192 |
| S-HNI (Min) | 14 | 1,232 | ₹206,976 |
| S-HNI (Max) | 67 | 5,896 | ₹990,528 |
| B-HNI (Min) | 68 | 5,984 | ₹1,005,312 |
Diffusion Engineers Limited Financial Information (Restated Consolidated)
Diffusion Engineers Limited experienced a 10% revenue increase and a 39% increase in profit after tax (PAT) between March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets (₹ Cr.) | 275.59 | 230.34 | 189.55 |
| Revenue (₹ Cr.) | 285.56 | 258.67 | 208.75 |
| Profit After Tax (₹ Cr.) | 30.8 | 22.15 | 17.05 |
| Net Worth (₹ Cr.) | 190.7 | 142.0 | 120.65 |
| Reserves and Surplus (₹ Cr.) | 163.03 | 138.39 | 117.34 |
| Total Borrowing (₹ Cr.) | 34.44 | 48.09 | 24.6 |
Diffusion Engineers Ltd IPO Promoter Holding:
The company is promoted by Mr. Prashant Garg, Dr. Nitin Garg, and Ms. Chitra Garg.
As on the date of this Draft Red Herring Prospectus, Company Promoters’shareholding in Company is as follows:
| Category | Number of Equity Shares Held | Percentage of Pre-Issue Paid Up Capital (%) |
|---|---|---|
| Prashant Garg | 10,379,551 | 37.04% |
| Prashant Garg jointly with Neelu Garg | 65,548 | 0.23% |
| Dr. Nitin Garg | 6,876,254 | 24.54% |
| Dr. Nitin Garg jointly with Dr. Renuka Garg | 526,967 | 1.88% |
| Chitra Garg | 6,130,971 | 21.88% |
| Total (A) | 23,979,291 | 85.58% |
Diffusion Engineers Limited Contact Details:
Diffusion Engineers Limited
T-5 & T-6,
Nagpur Industrial Area, MIDC,
Hingna, Nagpur – 440016
Phone: +91 9158317943
Email: cs@diffusionengineers.com
Website: https://www.diffusionengineers.com/
Diffusion Engineer IPO FAQ’s
- Diffusion engineers Ltd ipo date –> The Diffusion Engineers IPO will open for subscription on September 26, 2024, and close on September 30, 2024. The allotment is expected to be finalized on October 1, 2024, and the tentative listing date is October 4, 2024.
- Diffusion engineers Ltd ipo price –> Diffusion Engineers’ IPO price ranges from ₹159 to ₹168 per share.
- Diffusion engineers Ltd ipo size–> Diffusion Engineers Limited is launching an IPO with 0.94 equity shares of Rs 10 each, bringing its total capital to Rs 158 Crore.
- Diffusion engineers IPO GMP –> N/A
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