Diffusion Engineers IPO
IPO Listing Details
- Listing Date
04 Oct 2024
- Listing Price
₹188.00
- Listing Change
11.90%
- Last Traded Price
₹310.15
IPO Details
- Open Date
26 Sep 2024
- Close Date
30 Sep 2024
- IPO
Price Range
₹ 159 to ₹ 168
- IPO
Size
₹ 158 Cr
- Listing Exchange
BSE, NSE
- Listing Date
04 Oct 2024
IPO Timeline
Diffusion Engineers IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Sep-24 | 0.03 | 6.79 | 11.23 | 7.15 |
| 27-Sep-24 | 0.28 | 47.24 | 37.41 | 27.49 |
| 30-Sep-24 | 95.74 | 207.60 | 85.61 | 114.49 |
Last Updated: 01 October 2024 9:37 AM by 5Paisa
Diffusion Engineers IPO is set to open on 26 September 2024 and will close on 30 September 2024. Diffusion Engineers manufactures welding consumables, wear plates and parts, as well as heavy machinery used in essential industries.
The IPO includes a fresh issue of ₹0.94 Cr shares aggregating ₹158 Cr and the IPO does not include offer for sale. The price range is set between ₹159 to ₹168 per share and the lot size is 88 shares.
The allotment is scheduled to be finalized on 1 October 2024. It will go public on BSE & NSE with a tentative listing date of 4 October 2024.
Unistone Capital Pvt Ltd is the book running lead manager while Bigshare Services Pvt Ltd is the registrar.
Diffusion Engineers IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹158 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹158 Cr |
Diffusion Engineers IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,784 |
| Retail (Max) | 13 | 1144 | ₹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 IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 95.74 | 18,71,000 | 17,91,21,712 | 3,009.24 |
| NII (HNI) | 207.60 | 14,03,250 | 29,13,18,456 | 4,894.15 |
| Retail | 85.61 | 32,74,250 | 28,02,93,640 | 4,708.93 |
| Employees | 95.03 | 50,000 | 47,51,472 | 79.82 |
| Total | 114.49 | 65,98,500 | 75,54,85,280 | 12,692.15 |
Diffusion Engineers IPO Anchor Allocation
| Anchor Bid Date | 25 September, 2024 |
| Shares Offered | 2,806,500 |
| Anchor portion Size (In ₹ Cr.) | 47.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | 31 October, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 30 December, 2024 |
1. Funding expansion of existing manufacturing facility in Maharashtra.
2. Establishing a new manufacturing facility in Maharashtra.
3. For working capital requirements.
4. General Corporate Purposes
Founded in 1982, Diffusion Engineers specializes in manufacturing welding consumables, wear plates and parts and heavy machinery for essential industries.
The company provides specialized repair and reconditioning services for heavy machinery and also trades in wear protection powders and welding and cutting machines. At its production facilities, it offers a Super Conditioning process that enhances the wear resistance of machine components, reduces stress, improves repairability and ultimately extends the service life of equipment while lowering production costs.
Diffusion Engineers operates four manufacturing units, with three located in the Nagpur Industrial Area and one in Khapri (Uma), Nagpur, which handles processing and manufacturing. As of 29 February 2024, the company employed over 130 qualified engineers.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 285.56 | 258.67 | 208.75 |
| EBITDA | 47.39 | 34.70 | 27.52 |
| PAT | 30.8 | 22.15 | 17.05 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 275.59 | 230.34 | 189.55 |
| Share Capital | 28.02 | 3.74 | 3.74 |
| Total Borrowings | 34.44 | 48.09 | 24.6 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 39 | -4.74 | 11.05 |
| Net Cash Generated From / (used in) investing activities | -38.56 | -13.37 | -15.20 |
| Net Cash Generated From / (used in) financing activities | 2.75 | 19.58 | 2.53 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 3.28 | 1.47 | -1.62 |
Strengths
1. Founded in 1982, Diffusion Engineers has a long history and experience in the manufacturing sector, which enhances its credibility and reputation in the market.
2. The company offers a variety of products and services including welding consumables, wear plates, heavy machinery and specialized repair services. This diversification allows it to cater to different segments of core industries, reducing reliance on a single revenue stream.
3. The Super Conditioning process used in their production enhances the wear resistance of machine components, which can lead to lower production costs and extended equipment life for customers. This technological edge can improve customer satisfaction and loyalty.
Risks
1. The manufacturing industry particularly in welding and heavy machinery is highly competitive. Increased competition could pressure pricing and impact profit margins, affecting overall financial performance.
2. The company's performance is closely tied to the health of core industries. Economic downturns or reduced industrial activity could negatively impact demand for its products and services.
3. Operating in the manufacturing sector involves adhering to various regulations and standards. Changes in regulations or failure to comply with existing ones could result in fines, increased costs or operational disruptions.
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FAQs
Diffusion Engineers IPO opens from 26 September to 30 September 2024.
The size of Diffusion Engineers IPO is ₹158 crores.
The price of Diffusion Engineers IPO is fixed at ₹159 to ₹168 per share.
To apply for Diffusion Engineers IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Diffusion Engineers IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Diffusion Engineers IPO is 88 shares and the minimum investment required is ₹13,992.
The share allotment date of Diffusion Engineers IPO is 1 October 2024
The Diffusion Engineers IPO will be listed on 4 October 2024.
Unistone Capital Pvt Ltd is the book running lead manager for Diffusion Engineers IPO.
Diffusion Engineers plans to utilize the raised capital from the IPO for:
1. Funding expansion of existing manufacturing facility in Maharashtra.
2. Establishing a new manufacturing facility in Maharashtra.
3. For working capital requirements.
4. General Corporate Purposes
Contact Information
Diffusion Engineers
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 Engineers IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Diffusion Engineers IPO Lead Manager
Unistone Capital Pvt Ltd
