Diffusion Engineers IPO GMP : Diffusion Engineers IPO GMP is Open on 26 September 2024 and Close on 30 September 2024. Diffusion Engineers IPO to Raise 94,05,000 shares (Approx ₹[.] Cr). via IPO. The Fresh issue of 94,05,000 shares (Approx ₹[.] Cr).
Our Company was incorporated in 1982 We are engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries. Our Company is dedicated to providing specialized repairs and reconditioning services for heavy machinery and equipment. Additionally, we are also involved in trading of anti-wear powders and welding and cutting machinery.
We provide super conditioning process at our manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.
We 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 majority of large industrial equipment which are made in our heavy engineering division and are significant contributor in manufacturing of industrial equipment used in core industries like cement, steel, power, mining, engineering, oil & gas, sugar, etc. Welding consumables market in India is estimated at around Rs. 46 billion in fiscal 2023.
Diffusion Engineers IPO Date & Price Band Details
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| IPO Size | 94,05,000 shares (Approx ₹[.] Cr) |
| Fresh Issue | 94,05,000 shares (Approx ₹[.] Cr) |
| Lot Size | [.] Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹[.] Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Diffusion Engineers IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | - | ₹- |
| Retail Maximum | 13 | - | ₹- |
| S-HNI Minimum | 14 | - | ₹- |
| B-HNI Minimum | 67 | - | ₹- |
Object of the Issue
- Funding capital expenditure requirements towards expansion of our existing manufacturing facility (“Proposed Expansion”).
- Setting up of a new manufacturing facility.
- Funding working capital requirements of the Company.
- General Corporate Purposes.
Diffusion Engineers IPO Allotment & Listings (Details)
| IPO Open Date | 26 Sep 2024 |
|---|---|
| IPO Close Date | 30 Sep 2024 |
| Basis of Allotment | 1 Oct 2024 |
| Refunds | 3 Oct 2024 |
| Credit to Demat Account | 3 Oct 2024 |
| IPO Listing Date | 4 Oct 2024 |
Diffusion Engineers Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹278.14 | ₹245.58 | ₹30.80 |
| 2023 | ₹254.88 | ₹233.14 | ₹22.15 |
| 2022 | ₹204.59 | ₹187.65 | ₹17.05 |
| 2021 | ₹155.26 | ₹140.44 | ₹11.66 |
Our Company Promoters
- Prashant Garg
- Dr. Nitin Garg
- Chitra Garg
Qualitative Factors
- Synergistic business models focused on forward integration .
- Serving industry leaders directly as well as through OEMs.
- Consistent financial performance
- Long-standing relationships with customers across industries
- Experienced promoters and strong management team
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | Revenue (₹ in Lakhs) | NAV Per Share |
|---|---|---|---|---|---|---|
| Diffusion Engineers Limited | 10.00 | 7.91 | [.] | 16.86% | 2,548.76 | 50.67 |
| Peer Group | ||||||
| Ador Welding Limited | 10.00 | 43.6 | 33.42 | 19.59% | 7,767.60 | 237.90 |
| AIA Engineering Limited | 2.00 | 102.72 | 37.97 | 20.23% | 49,087.69 | 603.40 |
Also Read: KRN Heat Exchanger IPO
Diffusion Engineers Company Contact Details
Diffusion Engineers Limited
T-5 & T-6, Nagpur Industrial Area, MIDC,
Hingna, Nagpur -440016 Maharashtra.
Email ID: cs@diffusionengineers.com
Telephone: +91 9158317943
Website: www.diffusionengineers.com
Diffusion Engineers Lead Manager
Unistone Capital Private Limited
A/ 305, Dynasty Business Park, Andheri-Kurla Road,
Andheri East, Mumbai – 400 059, Maharashtra
Telephone: +91 9820057533
Email: mb@unistonecapital.com
Investor grievance email:compliance@unistonecapital.com
Contact Person: Brijesh Parekh
Website: www.unistonecapital.com
Diffusion Engineers IPO Registrar
Bigshare Services Private Limited
Office No. S6-2, 6thfloor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road,
Andheri East, Mumbai-400093
Telephone: +91 22-6263 8200
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Babu Rapheal C.
Website: www.bigshareonline.com
