Diffusion Engineers IPO GMP, Price, Date, Allotment

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Last updated on October 3, 2024

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Diffusion Engineers IPO GMP

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.

Diffusion Engineers

Promoters of Diffusion Engineers – Prashant Garg, Dr. Nitin Garg and Chitra Garg


Diffusion Engineers IPO Details

Diffusion Engineers IPO Dates26 – 30 September 2024
Diffusion Engineers Issue PriceINR 159 – 168 per share
Employee Discount – INR 8 per share
Fresh issue94,05,000 shares (INR 149.54 – 158 crore)
Offer For SaleNIL
Total IPO size94,05,000 shares (INR 149.54 – 158 crore)
Minimum bid (lot size)88 Shares (INR 14,784)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Diffusion Engineers Financial Performance

 FY 2022FY 2023FY 2024
Revenue204.59254.88278.14
Expenses187.65233.14245.58
Net income17.0522.1530.80
Margin (%)8.338.6911.07
Figures in INR Crores unless specified otherwise

Diffusion Engineers Offer News


Diffusion Engineers Valuations & Margins

FY 2022FY 2023FY 2024
(Pre Issue)
FY 2024
(Post-Issue)*
EPS6.097.9111.008.24
PE Ratio––14.45 – 15.2719.31 – 20.40
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2022FY 2023FY 2024
RONW (%)15.1016.8618.52
NAV43.0950.7168.11
ROCE (%)17.3018.4620.63
EBITDA (%)13.4513.6517.04
Debt/Equity0.200.340.18
*Compiled by IPO Central from Prospectus

Diffusion Engineers IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
3 October 202460–4,000
2 October 202462–4,000
1 October 202460–4,000
30 September 202463–4,300
28 September 202460–4,200
27 September 202470–5,000
26 September 202475–5,200
25 September 202470–5,000
24 September 202450–3,500

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

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Diffusion Engineers20.408.2418.5268.11278.14
Ador Welding29.0146.4618.43266.49883.83
AIA Engineering35.88120.418.41705.864,853.76

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 Date26 September 2024
IPO Closing Date30 September 2024
Finalization of Basis of Allotment1 October 2024
Initiation of refunds3 October 2024
Transfer of shares to demat accounts3 October 2024
Diffusion Engineers IPO Listing Date4 October 2024
Opening Price on NSEComing soon
Closing Price on NSEComing soon

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: [email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: www.bigshareonline.com


Diffusion Engineers Contact Details

DIFFUSION ENGINEERS LIMITED
T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna,
Nagpur – 440016 Maharashtra
Phone: +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.

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