Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.
The company offers specialized repair and reconditioning services for heavy machinery and equipment. The company also trades in wear protection powders and welding and cutting machines. At its production facilities, the company offers the Super Conditioning process, a surface treatment for machine components that increases wear resistance, eliminates stresses, and improves reparability, ultimately extending service life and reducing production costs.
Diffusion Engineers Limited has four manufacturing units, of which Units I, II, and III are located at Nagpur Industrial Area, Hingna, Nagpur, Maharashtra, and Unit IV at Khapri (Uma), Nagpur, Maharashtra is responsible for the processing and manufacturing of the products.
The manufacturing operations are spread across the various units as follows:
- Unit I: Welding electrodes for special purposes;
- Unit II: Flux cored wires, wear plates and wear parts through fabrication and machining;
- Unit III: Coatings for abrasion and corrosion resistance;
- Unit IV: Flux-cored wires (since the financial year 2024), wear plates, and heavy engineering.
As of February 29, 2024, the company had a team of over 130 qualified engineers.
Diffusion Engineers IPO – Details
| IPO Opening Date | 26 September 2024 |
| IPO Closing Date | 30 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 94,05,000 Shares Worth ₹158.00 Crore Fresh Issue: 94,05,000 Shares Worth ₹158.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹159 – ₹168 per share |
| Market Lot | 88 Shares |
| Min Order | 88 Shares (1 Lot) |
| Employee Discount | ₹8 |
| Listing At | BSE, NSE |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Diffusion Engineers IPO – Date Schedule
| IPO Open Date | 26 September 2024 |
| IPO Close Date | 30 September 2024 |
| Basis of Allotment | 01 October 2024 |
| Initiation of Refund | 03 October 2024 |
| Credit of Shares to Demat Account | 03 October 2024 |
| IPO Listing Date | 04 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2024 |
Diffusion Engineers IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,784 |
| Retail (Max) | 13 | 1,144 | ₹1,92,192 |
| S-HNI (Min) | 14 | 1,232 | ₹2,06,976 |
| S-HNI (Max) | 67 | 5,896 | ₹9,90,528 |
| B-HNI (Min) | 68 | 5,984 | ₹10,05,312 |
Competitive Strengths
- Synergistic business models focused on forward integration.
- Serving industry leaders directly as well as through OEMs.
- Consistent financial performance.
- Long-standing relationships with customers across industries.
- Experienced promoters and strong management team.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 208.74 | 187.64 | 17.04 | 24.60 |
| 31 March 2023 | 258.67 | 233.13 | 22.14 | 48.09 |
| 31 March 2024 | 285.56 | 245.58 | 30.80 | 34.44 |
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 |
Object Of The Issue
- 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);
- 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);
- Funding working capital requirements of the Company; and
- General Corporate Purposes.
Diffusion Engineers IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Ador Welding Limited | 29.01 |
| 2 | 2 | AIA Engineering Limited | 35.88 |
Diffusion Engineers IPO Promoter Holding
| Pre Issue Share Holding | 93.10% |
| Post Issue Share Holding | 69.70% |
Diffusion Engineers IPO Prospectus
Company Contact Information
| Diffusion Engineers Limited T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur – 440016 Phone: +91 9158317943 Email: cs@diffusionengineers.com Website: https://www.diffusionengineers.com/ |
Diffusion Engineers IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Diffusion Engineers IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd |
Diffusion Engineers IPO FAQs
| What is Diffusion Engineers IPO? Diffusion Engineers IPO is a main-board IPO. The issue is priced at ₹159 to ₹168 per equity share. The IPO is to be listed on BSE & NSE. |
| When Diffusion Engineers IPO will open? The IPO is to open on 26 September 2024 for QIB, NII, and Retail Investors. |
| What is Diffusion Engineers IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Diffusion Engineers IPO? You can apply Diffusion Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Diffusion Engineers IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Diffusion Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Diffusion Engineers IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Diffusion Engineers IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Diffusion Engineers IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Diffusion Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Diffusion Engineers IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Diffusion Engineers IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Diffusion Engineers IPO Size? Diffusion Engineers IPO size is ₹158.00 Crore. |
| What is Diffusion Engineers IPO Price Band? Diffusion Engineers IPO Price Band is ₹159 to ₹168. |
| What is Diffusion Engineers IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 88 Shares with ₹14,784 amount while the maximum bid is 1,144 Shares with ₹1,92,192. |
| What is the Diffusion Engineers IPO Allotment Date? Diffusion Engineers IPO allotment date is 01 October 2024. |
| What is the Diffusion Engineers IPO Listing Date? Diffusion Engineers IPO listing date is 04 October 2024. The IPO is to be listed on BSE and NSE. |
