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Diffusion Engineers IPO is a book build issue of ₹157.96 crores. The issue is entirely a fresh issue of 0.94 crore shares of ₹157.96 crore.
Diffusion Engineers IPO bidding started from Sep 26, 2024 and ended on Sep 30, 2024. The allotment for Diffusion Engineers IPO was finalized on Oct 1, 2024. The shares got listed on BSE, NSE on Oct 4, 2024.
Diffusion Engineers IPO price band is set at ₹168.00 per share . The lot size for an application is 88. The minimum amount of investment required by an retail is ₹13,992 (88 shares). The lot size investment for sNII is 14 lots (1,232 shares), amounting to ₹2,06,976, and for bNII, it is 68 lots (5,984 shares), amounting to ₹10,05,312.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹8.00 to the issue price.
Unistone Capital Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Diffusion Engineers IPO RHP for detailed Information.
| IPO Date | September 26, 2024 to September 30, 2024 |
| Listing Date | October 4, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹159 to ₹168 per share |
| Issue Price Final | ₹168 per share |
| Lot Size | 88 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 94,05,000 shares (aggregating up to ₹157.96 Cr) |
| Employee Discount | ₹8.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,80,21,259 shares |
| Share Holding Post Issue | 3,74,26,259 shares |
Diffusion Engineers IPO offers total 94,05,000 shares. Out of which 46,77,500 (49.73%) allocated to QIB, 18,71,000 (19.89%) allocated to QIB, 14,03,250 (14.92%) allocated to NII, 32,74,250 (34.81%) allocated to RII and 28,06,500 (29.84%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 46,77,500 (49.73%) | NA |
| − Anchor Investor Shares Offered | 28,06,500 (29.84%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 18,71,000 (19.89%) | NA |
| NII (HNI) Shares Offered | 14,03,250 (14.92%) | NA |
| − bNII > ₹10L | 9,35,500 (9.95%) | 759 |
| − sNII < ₹10L | 4,67,750 (4.97%) | 379 |
| Retail Shares Offered | 32,74,250 (34.81%) | 37,207 |
| Employee Shares Offered | 50,000 (0.53%) | NA |
| Total Shares Offered | 94,05,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Diffusion Engineers IPO raises ₹47.15 crore from anchor investors. Diffusion Engineers IPO Anchor bid date is September 25, 2024. Diffusion Engineers IPO Anchor Investors list
| Bid Date | September 25, 2024 |
| Shares Offered | 28,06,500 |
| Anchor Portion Size (In Cr.) | 47.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 30, 2024 |
Diffusion Engineers IPO opens on September 26, 2024, and closes on September 30, 2024.
| IPO Open Date | Thu, Sep 26, 2024 |
| IPO Close Date | Mon, Sep 30, 2024 |
| Tentative Allotment | Tue, Oct 1, 2024 |
| Initiation of Refunds | Thu, Oct 3, 2024 |
| Credit of Shares to Demat | Thu, Oct 3, 2024 |
| Tentative Listing Date | Fri, Oct 4, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 30, 2024 |
Investors can bid for a minimum of 88 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 1982, 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:
As of February 29, 2024, the company had a team of over 130 qualified engineers.
Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 275.59 | 230.34 | 189.55 |
| Total Income | 285.56 | 258.67 | 208.75 |
| Profit After Tax | 30.8 | 22.15 | 17.05 |
| Net Worth | 190.7 | 142 | 120.65 |
| Reserves and Surplus | 163.03 | 138.39 | 117.34 |
| Total Borrowing | 34.44 | 48.09 | 24.6 |
| Amount in ₹ Crore | |||
The market capitalization of Diffusion Engineers IPO is ₹628.76 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 18.52% |
| ROCE | 20.63% |
| Debt/Equity | 0.18 |
| RoNW | 18.52% |
| PAT Margin | 10.79% |
| Price to Book Value | 2.47 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.99 | 8.23 |
| P/E (x) | 15.28 | 20.41 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] 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. Read detail review...
| Listing Date | October 4, 2024 |
| BSE Script Code | 544264 |
| NSE Symbol | DIFFNKG |
| ISIN | INE184O01015 |
| Final Issue Price | ₹168 per share |
| NSE Listing Group | BE (Trade to Trade) |
| BSE Listing Group | B |
Diffusion Engineers Ltd.
T-5 & T-6,
Nagpur Industrial Area, MIDC,
Hingna, Nagpur - 440016
Nagpur, Maharashtra
Phone: +91 9158317943
Email: cs@diffusionengineers.com
Website: https://www.diffusionengineers.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Diffusion Engineers IPO is a main-board IPO of 94,05,000 equity shares of the face value of ₹10 aggregating up to ₹157.96 Crores. The issue is priced at ₹168 per share. The minimum order quantity is 88.
The IPO opens on September 26, 2024, and closes on September 30, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Diffusion Engineers IPO using UPI as a payment gateway. Zerodha customers can apply in Diffusion Engineers IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Diffusion Engineers IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Diffusion Engineers IPO opens on September 26, 2024 and closes on September 30, 2024.
Diffusion Engineers IPO lot size is 88, and the minimum amount required for application is ₹14,784.
You can apply in Diffusion Engineers IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Diffusion Engineers IPO will be done on Tuesday, October 1, 2024, and the allotted shares will be credited to your demat account by Thursday, October 3, 2024. Check the Diffusion Engineers IPO allotment status.
The Diffusion Engineers IPO listing date is on Friday, October 4, 2024.
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