IPO

Diffusion Engineers Limited IPO

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Other Industrial Products

Listed On: Oct 4, 2024 at ₹ 193.5(NSE)

₹ 14784 /88 Shares

Check Allotment

26 Sep, 2024

Open Date

30 Sep, 2024

Close Date

01 Oct, 2024

Allotment Date

04 Oct, 2024

Listing Date
Price Summary

Last Closing

313.60 (86.67%)

52 Week High

418.20

52 Week Low

231.85

Last Update

16-Dec-2025 3:30 PM
Expected Premium
+ ₹53-55 (31.55%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Expected Premium
+ ₹53-55 (31.55%)
Diffusion Engineers IPO Issue Details
  • Issue Price ₹159-168 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 94,05,000 shares(aggregating up to ₹158 crore)
  • Fresh Share 94,05,000 shares(aggregating up to ₹158 crore)
  • Listing at BSE, NSE
  • List Price 193.5(NSE)
  • Listing Date 2024-10-04
  • Lead Manager Unistone Capital Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 88 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 88 ₹14,784
Retail(max) 13 1,144 ₹1,92,192
Diffusion Engineers IPO Reservation

Diffusion Engineers IPO offers total 94,05,000 shares. Out of which 18,71,000 (19.89%) allocated to QIB, 14,03,250 (14.92%) allocated to NII,32,74,250 (34.81%) allocated to RII, 50,000 (0.53%) allocated to employees and 28,06,500 (29.84%) allocated to Anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 28,06,500 (29.84%)
QIB Shares Offered 18,71,000 (19.89%)
NII (HNI) Shares Offered 14,03,250 (14.92%)
bNII > ₹10L 9,35,500 (9.95%)
sNII < ₹10L 4,67,750 (4.97%)
Retail Shares Offered 32,74,250 (34.81%)
Employee Shares Offered 50,000 (0.53%)
Total Shares Offered 94,05,000 (100%)
Diffusion Engineers IPO Documents
DRHP
RHP
ANCHOR
Diffusion Engineers IPO Details


Diffusion Engineers IPO is a book-built issue of ₹158 crores, The total issue size is ₹158 crores. The IPO of Diffusion Engineers is priced at ₹159-168 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 26, 2024 and ends on Sep 30, 2024. The allotment for Diffusion Engineers IPO will be finalized on Oct 1, 2024. Diffusion Engineers IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 4, 2024. The company shall list its equity shares on the BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Retail investors can bid for a minimum of 88 shares, extendable to 14,784. The book-running lead manager for the IPO is/are Unistone Capital Pvt Ltd.

The total issue ₹158 crore, comprising a fresh issue of 94,05,000 shares ₹158 crore
The Diffusion Engineers IPO sets its price band at 159-168 for each share. A single application for Diffusion Engineers Limited IPO must contain at least 88 shares. Sentiment investors need to invest a minimum of 88 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,784

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Diffusion Engineers IPO Subscription Analysis And Details
Retail
85.61x
QIB
95.74x
NII
207.60x
bNII
203.34x
sNII
216.13x
Total
114.50x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 1,871,000 1,403,250
935,500    467,750 		3,274,250 6,598,500
Day 1 26-09-24 05:00 PM
0.03 x 6.80
4.26 x   11.87 x 		11.24 x 7.16 x
Day 2 27-09-24 05:00 PM
0.25 x 40.72
32.03 x   58.10 x 		32.47 x 25.09 x
Day 3 30-09-24 05:00 PM
95.74 x 207.60
203.34 x   216.13 x 		85.61 x 114.50 x
Total No of Applications
29,85,395
Subscription on the basis of Applications
Retail:76.12x BHNI:40.46x SHNI:206.08x
Diffusion Engineers Valuations
EPS Pre IPO 10.99
EPS Post IPO 8.23
P/E Pre IPO 15.28
P/E Post IPO 20.41
ROE 18.52%
ROCE 20.63%
Debt/Equity 0.18
RoNW 18.52%
PAT Margin 10.79
Price to Book Value 2.47
Diffusion Engineers Company Financials
In Crs.
In Cr.
31-Mar-24 31-Mar-23 31-Mar-22
Assets 275.59 230.34 189.55
Revenue 285.56 258.67 208.75
Profit After Tax 30.8 22.15 17.05
Net Worth 190.7 142 120.65
Reserves & Surplus 163.03 138.39 117.34
Total Borrowing 34.44 48.09 24.6
About Diffusion Engineers Company

After being founded as a Private Limited Company in 1982, Diffusion Engineers Limited experienced a number of important changes. One of the most important turning points in its corporate history was its 1995 conversion to a Public Limited Company.

From commencing manufacturing of welding electrodes in 1993 to crossing a turnover of ₹2000.00 million in 2023, Diffusion Engineers has consistently strived for excellence. Its entry into joint ventures and subsidiaries, as well as its land acquisitions for production plants, demonstrate its dedication to innovation and market leadership.

Its industrial capability is further validated by awards and accreditations. Recognitions such as the Best Employer Brands and Great Place to Work certifications affirm its dedication to employee welfare and organisational excellence. Moreover, accreditations by the National Accreditation Board underscore its commitment to quality and standards compliance.

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Diffusion Engineers - Promoter(s)

Mr. Prashant Garg

Dr. Nitin Garg

Ms. Chitra Garg

Pre Issue Share Holding : 93.10%

Post Issue Share Holding : 69.70%

Diffusion Engineers IPO - Issue Objectives
1

Funding capital expenditure requirements towards the expansion of existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (Proposed Expansion)

2

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)

3

Funding working capital requirements of the Company

4

General Corporate Purposes.

Diffusion Engineers IPO - Anchor Investors

Diffusion Engineers mobilises over Rs 47 crore via anchor book.

HDFC Mutual Fund was the biggest investor amongst them, buying 10.8 lakh equity shares worth Rs 18.14 crore, followed by 3P India Equity Fund I which acquired 8.92 lakh shares worth Rs 15 crore.

Saint Capital Fund and Craft Emerging Market Fund PCC were the last two investors, picking shares worth Rs 9 crore, and Rs 5 crore, respectively.

Diffusion Engineers IPO - Peers Comparison
Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Diffusion Engineers Limited 10.94 10.94 68.06 N/A 18.52 2.47 Standalone
Ador Welding Ltd. 46.46 46.46 266.49 29.01 18.43 N/A Consolidated
Aia Engineering Ltd. 120.4 120.4 705.86 35.88 18.41 N/A Consolidated

Notes:

  1. The P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on September 12, 2024, divided by the Diluted EPS.
  2. NAV is computed as the closing net worth divided by the weighted outstanding number of equity shares.
Strength
A synergistic business model with 90.92% revenue from integrated products.
Serving major industries through 31 OEMs and 472 direct customers.
Long-standing relationships with over 503 customers in FY24.
Strategically located manufacturing units for efficient operations across India.
Weakness
Dependence on domestic sales, with 89.75% revenue from India.
All manufacturing units concentrated in Nagpur, Maharashtra, risking disruptions.
Risks of delays in new facility setup impacting growth plans.
Contact Details

Diffusion Engineers

T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur - 440016

+91 9158317943

cs@diffusionengineers.com

https://www.diffusionengineers.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html