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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
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-04 | 168 | 58 (34.52%) | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review 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 | 9,405,000 shares (aggregating up to ₹158.00 Cr) |
| Fresh Issue | 9,405,000 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 | 28,021,259 |
| Shareholding post issue | 37,426,259 |
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| 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 |
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | 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 |
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 |
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 93.10% | - |
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.
Competitive Strength:
- -
Diffusion Engineers Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Revenue | 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 | ||||||||||||||||||||||||||||||||||||||||
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 |
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
Which IPO is being launched by Diffusion Engineers?
The company is launching a Mainboard IPO that will be listed on the BSE and NSE. It is expected to raise ₹158 Crores through this. The issue has been priced at ₹159 to ₹168 per equity share.
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When does the subscription for Diffusion Engineers IPO open?
The subscription for the QIB, NII, and Retail Investors opens on September 26, 2024, and closes on September 30, 2024.
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What is Diffusion Engineers IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is the issue size of Diffusion Engineers IPO?
₹158 crores is Diffusion Engineers IPO issue size.
-
What is the Price Band for Diffusion Engineers IPO?
₹159 to ₹168 is the Price Band for Diffusion Engineers IPO.
-
What is the lot size of Diffusion Engineers IPO?
88 Shares with ₹14,784 amount is the lot size.
