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Let’s have a detailed review of the company and analytics of the Diffusion Engineers IPO release date, IPO offer price, subscription, Diffusion Engineers Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs [●]
Listing At BSE, NSE
Min. Order Quantity NA Shares
Listing Date NA
Offer for Sale Rs Million
Fresh Issue Rs Million
IPO Size Rs Million
Tick Size 1

Diffusion Engineers IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Diffusion Engineers Share Price

Diffusion Engineers IPO – Summary

Diffusion Engineers IPOThey are engaged in the business of manufacturing welding consumables, wear plates and wear parts and heavy engineering machinery for core industries.

With over four decades of experience, their Company is dedicated to providing specialised repairs and reconditioning services for heavy machinery and equipment. Additionally, they are also involved in trading of anti-wear powders and welding and cutting machinery.

The promoters of this company are PRASHANT GARG, DR. NITIN GARG AND CHITRA GARG. The lead manager of the issue is UNISTONE CAPITAL PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Diffusion Engineers IPO Date

The opening and closing dates of Diffusion Engineers IPO are not available yet.

Diffusion Engineers IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 
2nd Day –
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Diffusion Engineers IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Diffusion Engineers Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Diffusion Engineers IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 

Diffusion Engineers IPO Equity Size

This Initial Public Issue of 9,847,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Million.

Diffusion Engineers IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 9,847,000 Equity Shares of Rs.10/ each.

Issue Size: 9,847,000 Equity Shares of Rs.10 each, aggregating to Rs.[●] Million

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    Diffusion Engineers IPO – Live Performance

    The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Diffusion Engineers Share Price

    Diffusion Engineers IPO Grey Market Premium

    The Diffusion Engineers Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Diffusion Engineers IPO – Company Overview

    They provide a proper conditioning process at their manufacturing facilities, a surface treatment solution for machine components that enhances wear resistance, eliminates stress and improves their repairability ultimately extending their lifespan and reducing production costs.

    They have developed a synergistic system of forward integration whereby they manufacture special-purpose electrodes and flux-cored wires which are utilized for manufacturing wear resistance plates(commonly known as wear plates).

    These wear plates then become an integral part of majority of large industrial equipment which are made in their heavy engineering division and are significant contributors in the manufacturing of industrial equipment used in core industries like cement, steel, power, mining, engineering, oil & gas, sugar, etc.

    This forward integration helps us in achieving efficiency in the production process and gaining a competitive advantage, reducing product costs, enhancing supply chain control and reducing our dependency on third-party suppliers for their operations.

    Diffusion Engineers IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Million)
    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets
    *Total Revenue
    Total Expense
    Profit After Tax 216.24

    Earnings per Equity Share (in Million)

    31-Dec-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 7.67 7.91 6.08 4.18

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 221.45 Million, Rs. 170.46 Million and Rs. 116.63 Million respectively.

    Diffusion Engineers IPO – Promoters

    The Promoter of this company is:


    List of Related Parties (Key Managerial Personnel)

    • Prashant Garg, Chairman and Managing Director
    • Dr. Renuka Garg, Non-Executive Director
    • Chitra Garg, Non-Executive Director
    • Anita Vijayakar, Independent Director

    Diffusion Engineers IPO – Promoters Holding

    • Pre-Issue Share Holding – %
    • Post-Issue Share Holding – %

    Diffusion Engineers IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 9,847,000 Equity Shares aggregating up to Rs.[●] Million
    of which:
    Issue Reserved for the Market Makers Up to [●] Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to [●] Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual Investors Not more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue 28,021,259 Equity Shares
     Equity Shares Outstanding after the Issue X Equity Shares

    Diffusion Engineers IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    • Funding capital expenditure requirements towards the expansion of their existing manufacturing facility at Khasra No. 36, 37, 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 – Business Strategy

    • Strategic expansion by venturing into nickel, cobalt and iron-based powder
    • Expanding their geographical reach
    • Strategic Leasing and Maintenance Business Model for Heavy Equipment
    • Diversifying their Anti Wear Solutions and Heavy Engineering Equipment business into new industries

    Diffusion Engineers IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • 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
    • Strategically located manufacturing facilities

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)

    Diffusion Engineers IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Revenue from operations (Rs. in Millions)
    Diffusion Engineers Limited 10 [●]
    Listed Peers
    Ador Welding Limited 10
    AIA Engineering Limited 2 37.97

    Diffusion Engineers IPO Lead Managers

    Lead Managers
    A/ 305, Dynasty Business Park,
    Andheri-Kurla Road, Andheri East,
    Mumbai –400 059, India.
    Telephone:+91 9820057533
    Facsimile: NA
    Email: mb@unistonecapital.com
    Investor grievance email: compliance@unistonecapital.com
    Contact Person:Brijesh Parekh
    Website: www.unistonecapital.com
    SEBI registration number: INM000012449
    CIN: U65999MH2019PTC330850

    Diffusion Engineers IPO Registrar to offer

    Registrar to the Offer
    S6-2, 6th Floor, Pinnacle Business Park,
    Next to Ahura Centre, Mahakali Caves Road,
    Andheri (East),
    Mumbai –400 093, Maharashtra, India
    Email: ipo@bigshareonline.com;
    Investor grievance email: investor@bigshareonline.com
    Contact Person: Babu Rapheal C.
    Website: www.bigshareonline.com
    SEBI Registration Number: INR000001385
    CIN: U99999MH1994PTC076534U

    Diffusion Engineers IPO – Other Details

    • Statutory Auditor – M/s. PGS & Associates
    • Legal Counsel to the Company – M/s. Alliance Law
    • Bankers to the Company – HDFC Limited

    Diffusion Engineers IPO Review by Stock Brokers

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    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Diffusion Engineers Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Diffusion Engineers IPO Review FAQs

      Check out various FAQs related to Diffusion Engineers IPO:

      What is the Issue Size of Diffusion Engineers IPO?

      The Company is making an initial public offer of 9,847,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Diffusion Engineers IPO?

      The price band for this particular IPO ranges between Rs NA. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Diffusion Engineers IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

      What is the Diffusion Engineers IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

      What is the Diffusion Engineers IPO Listing Date?

      Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

      Who is the Registrar of Diffusion Engineers IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Diffusion Engineers IPO?

      Here are the promoters of this IPO – PRASHANT GARG, DR. NITIN GARG AND CHITRA GARG. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Diffusion Engineers IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Diffusion Engineers IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Diffusion Engineers Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 221.45, 2022 is 170.46, and 2021 is 116.63. PAT from Dec 2023 is 216.24.

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