| Diffusion Engineers IPO Subscription | Diffusion Engineers IPO Review | Diffusion Engineers IPO Listing Estimate |
Diffusion Engineers IPO Description – Diffusion Engineers specializes in manufacturing welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries. With extensive experience, the company is dedicated to providing specialized repair and reconditioning services for heavy machinery and equipment. Moreover, they engage in the trade of anti-wear powders, welding, and cutting machinery. These plates are crucial components in a majority of large industrial equipment produced in the company’s heavy engineering division, playing a significant role in the production of industrial equipment for core industries such as cement, steel, power, mining, engineering, oil & gas, and sugar.
The welding consumables market in India is estimated to be around INR 46 billion in fiscal 2023, with projections for fiscal 2026 ranging from INR 58-60 billion. The wear plates market in India is estimated to be approximately INR 20 billion in FY23, and it is expected to grow at a CAGR of 8.5-9.5% to reach around INR 26 billion in FY26. The Indian heavy engineering capital goods industry is estimated to be around INR 2650-2750 billion as of FY23 and is projected to grow at a CAGR of 7-8% from FY23 to FY26, reaching an estimated size of INR 3300-3400 billion by FY26. The company produces a variety of electrodes using alloys like tungsten, nickel, chromium, cobalt, molybdenum, niobium, and vanadium.
The company’s special purpose electrodes business accounted for INR 38.23 crore, INR 52.95 crore, INR 37.18 crore, and INR 29.76 crore, representing 20.34%, 21.70%, 18.99%, and 19.54% respectively of Diffusion Engineers’ total revenue for the period ending on 31 December 2023, for the fiscal years 2023, 2022, and 2021. The company is situated in the Nagpur Industrial Area.
Promoters of Diffusion Engineers – Prashant Garg, Dr. Nitin Garg and Chitra Garg
Table of Contents
Diffusion Engineers IPO Details
| Diffusion Engineers IPO Dates | 26 – 30 September 2024 |
| Diffusion Engineers Issue Price | INR 159 – 168 per share Employee Discount – INR 8 per share |
| Fresh issue | 94,05,000 shares (INR 149.54 – 158 crore) |
| Offer For Sale | NIL |
| Total IPO size | 94,05,000 shares (INR 149.54 – 158 crore) |
| Minimum bid (lot size) | 88 Shares (INR 14,784) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Diffusion Engineers Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 204.59 | 254.88 | 278.14 |
| Expenses | 187.65 | 233.14 | 245.58 |
| Net income | 17.05 | 22.15 | 30.80 |
| Margin (%) | 8.33 | 8.69 | 11.07 |
Diffusion Engineers Offer News
- Diffusion Engineers RHP
- Diffusion Engineers DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Diffusion Engineers Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | 6.09 | 7.91 | 11.00 | 8.24 |
| PE Ratio | – | – | 14.45 – 15.27 | 19.31 – 20.40 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 15.10 | 16.86 | 18.52 |
| NAV | 43.09 | 50.71 | 68.11 |
| ROCE (%) | 17.30 | 18.46 | 20.63 |
| EBITDA (%) | 13.45 | 13.65 | 17.04 |
| Debt/Equity | 0.20 | 0.34 | 0.18 |
Diffusion Engineers IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 3 October 2024 | 60 | – | 4,000 |
| 2 October 2024 | 62 | – | 4,000 |
| 1 October 2024 | 60 | – | 4,000 |
| 30 September 2024 | 63 | – | 4,300 |
| 28 September 2024 | 60 | – | 4,200 |
| 27 September 2024 | 70 | – | 5,000 |
| 26 September 2024 | 75 | – | 5,200 |
| 25 September 2024 | 70 | – | 5,000 |
| 24 September 2024 | 50 | – | 3,500 |
Diffusion Engineers IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements towards the expansion of the existing manufacturing facility at Unit IV – INR 71.38 crore
- Setting up of a new manufacturing facility at Hingna, Sonegaon District, Nagpur, Maharashtra – INR 30.39 crore
- Funding working capital requirements – INR 22 crore
- General corporate purposes
Diffusion Engineers – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Diffusion Engineers | 20.40 | 8.24 | 18.52 | 68.11 | 278.14 |
| Ador Welding | 29.01 | 46.46 | 18.43 | 266.49 | 883.83 |
| AIA Engineering | 35.88 | 120.4 | 18.41 | 705.86 | 4,853.76 |
Diffusion Engineers IPO Allotment Status
Diffusion Engineers IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Diffusion Engineers IPO Dates & Listing Performance
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Finalization of Basis of Allotment | 1 October 2024 |
| Initiation of refunds | 3 October 2024 |
| Transfer of shares to demat accounts | 3 October 2024 |
| Diffusion Engineers IPO Listing Date | 4 October 2024 |
| Opening Price on NSE | INR 193.5 per share (up 15.18%) |
| Closing Price on NSE | INR 203.17 per share (up 20.93%) |
Diffusion Engineers IPO Reviews – Subscribe or Avoid?
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Diffusion Engineers Offer Lead Manager
UNISTONE CAPITAL PRIVATE LIMITED
A/305, Dynasty Business Park, Andheri Kurla Road,
Andheri East, Mumbai 400059, Maharashtra
Phone: +91 9820057533
Email:Â [email protected]
Website:Â www.unistonecapital.com
Diffusion Engineers Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Diffusion Engineers Contact Details
DIFFUSION ENGINEERS LIMITED
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna,
Nagpur – 440016 Maharashtra
Phone:Â +91 9158317943
Email: [email protected]
Website: www.diffusionengineers.com
Diffusion Engineers IPO FAQs
How many shares in Diffusion Engineers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Diffusion Engineer Public Offer?
The best way to apply for Diffusion Engineers public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Diffusion Engineers IPO GMP today?
Diffusion Engineers IPO GMP today is INR 60 per share.
What is the Diffusion Engineer’s kostak rate today?
Diffusion Engineer’s kostak rate today is INR NA per application.
What is Diffusion Engineers Subject to Sauda rate today?
Diffusion Engineers Subject to Sauda rate today is INR 4,000 per application.
