Diffusion Engineers IPO GMP Today, Diffusion Engineers IPO Grey Market Premium Updates | Diffusion Engineers IPO, Latest target, Opening gain
Diffusion Engineers IPO began on 26 September 2024. It will close on 30 September 2024. The Total IPO Size is ₹ 158.00 Crore Approx. The company set its IPO price is ₹ 159 to ₹ 168 per share Per Share. There are three basic categories in Diffusion Engineers IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Founded in 1982, Diffusion Engineers Limited is active in the manufacture of welding consumables, wear plates and parts, and heavy machinery for core industries.
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.
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.
As of February 29, 2024, the company had a team of over 130 qualified engineers.
Diffusion Engineers IPO Details:
| Issuer | Diffusion Engineers IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 26 September, 2024 | |
| Issue Closes: 30 September, 2024 | ||
| Price Brand | ₹ 159 to ₹ 168 per share | |
| Issue Size | ₹ 158.00 Cr | |
| Face Value | ₹ 10 per share | |
| Market Lot | 88 Shares | |
| Retail (Max) | ₹ 192,192 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 9,405,000 Shares | |
Diffusion Engineers IPO GMP Rates day by day
Diffusion Engineers IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 88 | ₹14,784 |
| Retail (Max) | 13 | 1144 | ₹192,192 |
| S-HNI (Min) | 14 | 1,232 | ₹206,976 |
| S-HNI (Max) | 67 | 5,896 | ₹990,528 |
| B-HNI (Min) | 68 | 5,984 | ₹1,005,312 |
Diffusion Engineers IPO Date, Allotment & Listing:
| Diffusion Engineers IPO Opening Date: | September 26, 2024 |
| Diffusion Engineers IPO Closing Date: | September 30, 2024 |
| Basis of Allotment: | October 1, 2024 |
| Initiation of Refunds: | October 3, 2024 |
| Credit to Demat Account: | October 3, 2024 |
| Listing Date: | October 4, 2024 |
Diffusion Engineers Limited Financial Information (Restated)
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 | |||||||||||||||||||||||||||
| Revenue | 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 | ||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Diffusion Engineers IPO is Rs 628.76 Cr.
KPI as of March 31, 2024.
| 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 |
Objects of the Issue (Diffusion Engineers IPO Objectives)
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- 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 ALLOTMENT STATUS
How to Apply for Diffusion Engineers IPO?
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How to Apply Diffusion Engineers IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Diffusion Engineers”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Diffusion Engineers IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Diffusion Engineers”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Diffusion Engineers IPO?
Diffusion Engineers IPO is a main-board initial public offering of 9,405,000 Equity shares of the face value of ₹10 aggregating up to ₹158.00 Crores. The issue price of the IPO is ₹159 to ₹168 Per Equity Share. The minimum order quantity is 88 Shares per application and the offer type is Book Built Issue. The IPO opens on September 26, 2024 and closes on September 30, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Diffusion Engineers IPO opens on September 26, 2024 and closes on September 30, 2024.
How to apply for Diffusion Engineers IPO?
You can apply in Diffusion Engineers IPO online using either UPI or ASBA as payment method .Unistone Capital Pvt Ltd is the book running lead manager of the Diffusion Engineers IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
When Diffusion Engineers IPO allotment?
The finalization of Basis of Allotment for Diffusion Engineers IPO will be done on October 01, 2024, and the allotted shares will be credited to your demat account by October 03, 2024.
Check the Diffusion Engineers IPO allotment status.
When is Diffusion Engineers IPO listing date?
The Diffusion Engineers IPO listing date is not yet announced. The tentative date of Diffusion Engineers IPO listing is October 4, 2024.
What is the lot size of Diffusion Engineers IPO?
Diffusion Engineers lot size is 88 Shares and the minimum order quantity is 1 Share.