Diffusion Engineers Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 159 to ₹ 168 per share |
| Lot Size | 88 Shares |
| Total Issue Size | 94,05,000 shares (aggregating up to ₹ 158.00 Cr) |
| Fresh Issue | 94,05,000 shares (aggregating up to ₹ 158.00 Cr) |
| Employee Discount | Rs 8 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 2,80,21,259 |
| Shareholding post issue | 3,74,26,259 |
About Diffusion Engineers Limited IPO, GMP, Details, Price, And Review
Diffusion Engineers Limited is a company engaged in manufacturing welding consumables, heavy engineering machinery, wear parts, and wear plates for the core industries. With its experience of over four decades, the company is quite dedicated to offering specialized repairs and reconditioning services for heavy equipment and machinery.
Diffusion Engineers Limited is also involved in trading welding and cutting machinery along with anti-wear powders. It offers a super conditioning process at its manufacturing facilities. It is a surface treatment solution for the machine components that enhances wear resistance while eliminating any stress and improving repairability. It ultimately extends their lifespan and reduces the cost of production. Furthermore, the company has also developed forward integration’s synergistic system whereby manufacturing the flux-cored wires and special-purpose electrodes that are used for the manufacturing wear resistance places, well-known as the wear plates, is done.
Diffusion Engineers IPO Overview
• Issue Size: ₹158.00 crores
• Issue Type: Fresh issue of 0.94 crore shares
• Price Band: ₹159 to ₹168 per share
• Minimum Lot Size: 88 shares
• Subscription Period:
· Opening Date September 26, 2024
· Closing Date: September 30, 2024
• Book Running Lead Manager: Unistone Capital Pvt Ltd
• Registrar: Bigshare Services Pvt Ltd
Diffusion Engineers Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Company & Financials
At the production facilities of Diffusion Engineers Limited, the organization offers a Super Conditioning process too, to eliminate stress and improve reparability. It ultimately extends its service life and reduces the cost of production. There are four manufacturing units of Diffusion Engineers Limited. Units I, II, and III are in the Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, while Unit IV is located in Khapri (Uma), Nagpur, Maharashtra. All these units are responsible for processing and manufacturing the products.
Diffusion Engineers IPO Review
The company is engaged in the manufacturing welding consumables, wear plates, wear parts and heavy engineering machinery for core industries. It posted steady growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue appears fully priced. It is poised for bright prospects amidst mega spending on infra and industrialization. Though the issue appears fully priced, investors may park funds for medium to long term.
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
285.56
₹ Crore
Profit After Tax
30.8
₹ Crore
Net Worth
190.7
₹ Crore
Total Borrowing
34.44
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 275.59 | 285.56 | 30.8 | 190.7 | 34.44 | ||||
| 31 Mar 2023 | 230.34 | 258.67 | 22.15 | 142 | 48.09 | ||||
| 31 Mar 2022 | 189.55 | 208.75 | 17.05 | 120.65 | 24.6 | ||||
| — | — | — | — | — | |||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹168 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹5834, and a lot size of 88 shares.
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-04 | ₹168 | ₹58 (34.52%) | - |
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.52% |
| ROCE | 20.63% |
| Debt/Equity | 0.18 |
| RoNW | 18.52% |
| P/BV | 2.47 |
| PAT Margin (%) | 10.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.99 | 8.23 |
| P/E (x) | 15.28 | 20.41 |
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Competitive Strengths
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Diffusion Engineers Limited IPO, GMP, Details, Price, And Review IPO Timeline
| IPO Open Date | Thursday, September 26, 2024 |
| IPO Close Date | Monday, September 30, 2024 |
| Basis of Allotment | Tuesday, October 1, 2024 |
| Initiation of Refunds | Initiation of Refunds |
| Credit of Shares to Demat | Thursday, October 3, 2024 |
| Listing Date | Friday, October 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |