Diffusion Engineers IPO Subscription status

Diffusion Engineers' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 40.00 times oversubscription by 10:47:09 AM on day three. This response underscores the strong market appetite for Diffusion Engineers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 26th September 2024, has seen significant growth in investor participation across most categories. Diffusion Engineers attracted bids for 26,39,09,184 equity shares amounting to ₹4,433.67 crore.

The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors and Employees. The Qualified Institutional Buyers (QIB) have shown modest participation.Diffusion Engineers' initial public offering (IPO) has garnered significant investor interest, with subscription rates increasing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 40.00 times oversubscription by 10:47:09 AM on day three. This response underscores the strong market appetite for Diffusion Engineers' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 26th September 2024, has seen significant growth in investor participation across most categories. Diffusion Engineers attracted bids for 26,39,09,184 equity shares amounting to ₹4,433.67 crore.
The Non-Institutional Investors (NII) segment, in particular, has shown overwhelming demand, followed by strong interest from Retail Investors and Employees. The Qualified Institutional Buyers (QIB) have shown modest participation.
 

Subscription Status of Diffusion Engineers IPO for Days 1, 2, and 3:

Here are the subscription details for Diffusion Engineers IPO as of Day 3 (30th September 2024, 10:47:09 AM):

Total Applications: 1,743,437

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Diffusion Engineers IPO is currently subscribed 40.00 times, with exceptional demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) have shown overwhelming interest, with a subscription ratio of 78.90 times.
• Retail investors have demonstrated strong enthusiasm, with a subscription ratio of 45.76 times.
• Employees have shown significant interest, with a subscription ratio of 49.90 times.
• Qualified Institutional Buyers (QIB) have shown modest interest, with a subscription ratio of 0.47 times.
• The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Diffusion Engineers IPO - Day 2 Subscription at 27.74 Times

Key Highlights:

• On Day 2, Diffusion Engineers' IPO was subscribed 27.74 times, with strong demand from Non-Institutional Investors.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 47.39 times.
• Retail investors showed increased interest with a subscription ratio of 34.85 times.
• Employees maintained strong interest with a subscription ratio of 38.09 times.
• Qualified Institutional Buyers (QIB) showed minimal interest with a subscription ratio of 0.28 times.
• The overall subscription trend indicated building momentum, with most investor categories showing significant increased participation.

Diffusion Engineers IPO - Day 1 Subscription at 7.34 Times

Key Highlights:

• The Diffusion Engineers IPO was subscribed 7.34 times on Day 1, with initial demand primarily from Employees and Retail Investors.
• Employees showed early strong interest with a subscription ratio of 17.43 times.
• Retail investors showed significant initial interest with a subscription ratio of 11.58 times.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 6.85 times.
• Qualified Institutional Buyers (QIB) showed minimal initial interest with a subscription ratio of 0.03 times.
• The first-day response laid a strong foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Diffusion Engineers Limited:

Diffusion Engineers Limited, established in 1982, is a prominent manufacturer of welding consumables, wear plates and parts, and heavy machinery catering to core industries. The company offers a comprehensive product range, including welding consumables, wear protection powders, cutting and welding machines, and specialised repair and reconditioning services for heavy equipment. It operates four manufacturing units, three of which are located in the Nagpur Industrial Area, Hingna, while the fourth is at Khapri (Uma), Nagpur, Maharashtra. 

For FY 2024, Diffusion Engineers reported a revenue of ₹285.56 crore, reflecting a 10% YoY growth, and a Profit After Tax (PAT) of ₹30.8 crore, indicating a 39% increase. The company’s net worth stood at ₹190.7 crore as of 31st March 2024. Key performance indicators, including a Return on Equity (ROE) of 18.52%, a Return on Capital Employed (ROCE) of 20.63%, and a PAT Margin of 10.79%, underscore its robust financial health. A low Debt-to-Equity ratio of 0.18 highlights its sound financial management. With a strong workforce of over 130 engineers as of February 2024, the company continues to expand its capabilities.

Read about Diffusion Engineers IPO

Highlights of the Diffusion Engineers IPO:

• IPO Date: 26th September 2024 to 30th September 2024
• Listing Date: 4th October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹159 to ₹168 per share
• Lot Size: 88 Shares
• Total Issue Size: 9,405,000 shares (aggregating up to ₹158.00 Cr)
• Fresh Issue: 9,405,000 shares (aggregating up to ₹158.00 Cr)
• Employee Discount: ₹8 per share
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd