Bookbuilding IPO | ₹158 Cr | Listed at BSE, NSE | Thu, Sep 26, 2024 - Mon, Sep 30, 2024
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 per share. The lot size for an application is 88. The minimum amount of investment required by an retail is ₹14,784 (88 shares) (based on upper price). 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 Open
Thu, Sep 26, 2024
IPO Close
Mon, Sep 30, 2024
Issue Price
₹168 per share
Market Cap (Pre-IPO)
₹628.76 Cr
| IPO Date | 26 to 30 Sep, 2024 |
| Listed on | Fri, Oct 4, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹159 to ₹168 |
| Issue Price | ₹168 per share |
| Lot Size | 88 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹8.00 |
| Total Issue Size | 94,05,000 shares (agg. up to ₹158 Cr) |
| Fresh Issue | 94,05,000 shares (agg. up to ₹158 Cr) |
| Share Holding Pre Issue | 2,80,21,259 shares |
| Share Holding Post Issue | 3,74,26,259 shares |
| BSE Script Code / NSE Symbol | 544264 / DIFFNKG |
| ISIN | INE184O01015 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 88 shares and in multiples thereof.
| 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 |
Diffusion Engineers IPO raises ₹47.15 crore from anchor investors. Diffusion Engineers IPO Anchor bid date is September 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Sep 25, 2024 |
| Shares Offered | 28,06,500 |
| Anchor Portion (₹ Cr.) | 47.15 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Oct 31, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Dec 30, 2024 |
| 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 |
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.
| 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 | 30.80 | 22.15 | 17.05 |
| NET Worth | 190.70 | 142.00 | 120.65 |
| Reserves and Surplus | 163.03 | 138.39 | 117.34 |
| Total Borrowing | 34.44 | 48.09 | 24.60 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards expansion of the existing manufacturing facility at Khasra No. 36, 38/1, 38/2, 38/3, Khapri (Uma), Nagpur- 441 501, Maharashtra, India (“Proposed Expansion”) | 71.38 |
| 2 | 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”) | 30.39 |
| 3 | Funding working capital requirements of the Company; and | 22.00 |
| 4 | General Corporate Purposes | 18.43 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 10.99 | 8.23 |
| P/E (x) | 15.28 | 20.41 |
| Promoter Holding | 93.1% | 69.7% |
| Market Cap | ₹628.76 Cr. |
The Diffusion Engineers IPO is subscribed 114.5 times on September 30, 2024 6:19:08 PM (Day 3). The public issue subscribed 85.61 times in the retail category, 95.74 times in the QIB category, and 207.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 95.74 | 18,71,000 | 17,91,21,712 |
| NII | 207.6 | 14,03,250 | 29,13,18,544 |
| bNII (bids above ₹10L) | 203.34 | 9,35,500 | 19,02,22,560 |
| sNII (bids below ₹10L) | 216.13 | 4,67,750 | 10,10,95,984 |
| Retail | 85.61 | 32,74,250 | 28,03,23,032 |
| Employee | 95.05 | 50,000 | 47,52,704 |
| Total | 114.5 | 65,98,500 | 75,55,15,992 |
Total Application : 29,85,395
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees and commissions (including any underwriting commission, brokerage and selling commission) | 9.63 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Issue. Brokerage, underwriting commission and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 2.43 |
| 3 | Fees payable to Registrar to the Issue | 0.40 |
| 4 | Others - Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 2.24 |
| 5 | Others - Printing and stationery | 0.05 |
| 6 | Others - Fee payable to legal counsel | 0.41 |
| 7 | Others - Advertising and marketing | 0.19 |
| 8 | Others - Miscellaneous (fees payable to statutory auditor, chartered engineer, architect, Industry report agency etc.) | 0.43 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹168.00 | ₹168.00 |
| Open | ₹188.00 | ₹193.50 |
| Low | ₹188.00 | ₹193.05 |
| High | ₹197.35 | ₹203.17 |
| Last Trade | ₹197.35 | ₹203.17 |
Lead Manager Reports
Diffusion Engineers IPO is a main-board IPO of 94,05,000 equity shares of the face value of ₹10 aggregating up to ₹158 Crores. The issue is priced at ₹168 per share. The minimum order quantity is 88.
The IPO opens on Thu, Sep 26, 2024, and closes on Mon, Sep 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 Thu, Sep 26, 2024 and closes on Mon, Sep 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 Thu, Oct 3, 2024. Check the Diffusion Engineers IPO allotment status.
The Diffusion Engineers IPO listing date is on Fri, Oct 4, 2024.
