Diffusion Engineers IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 23, 2024Let’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
They 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
Open Free Demat Account Now!
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 |
2,457.36
|
2,303.44
|
1,895.46
|
1,576.42
|
| *Total Revenue |
2,086.72
|
2,586.72
|
2,087.47
|
1,592.71
|
| Total Expense |
1,782.30
|
2,331.36
|
1,876.47
|
1,404.42
|
| Profit After Tax | 216.24 |
221.45
|
170.46
|
116.63
|
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:
- PRASHANT GARG,
- DR. NITIN GARG
- CHITRA GARG
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.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| 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.) | |
| 31-Mar-23 |
7.91
|
16.86
|
50.67
|
| 31-Mar-22 |
6.08
|
15.10
|
– |
| Mar-21 |
4.18
|
11.64
|
– |
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 | [●] |
7.91
|
16.86%
|
2,548.76
|
| Listed Peers | |||||
| Ador Welding Limited | 10 |
33.42
|
43.6
|
19.59%
|
7,767.60
|
| AIA Engineering Limited | 2 | 37.97 |
102.72
|
20.23%
|
49,087.69
|
Diffusion Engineers IPO Lead Managers
| Lead Managers |
| UNISTONE CAPITAL PRIVATE LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai –400 093, Maharashtra, India Telephone:022-62638200 Facsimile:022-63638280 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
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 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 |
Subscribe to Diffusion Engineers IPO
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.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics