October 4, 2024
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Diffusion Engineers IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- Reviews
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What is the latest news relating to Diffusion Engineers IPO?
On 4th October 2024, the shares of the company are listed at Rs. 193.50, premium of 15.18% over the issue price.
What are the promoters of Diffusion Engineers IPO?
THE PROMOTERS OF THE COMPANY ARE PRASHANT GARG, DR. NITIN GARG AND CHITRA GARG
What are the Objects of Diffusion Engineers IPO?
The Issue comprises a Fresh Issue by the Company.
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1.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);
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);
3.Funding working capital requirements of the Company; and
4.General Corporate Purpose
What is the business of Diffusion Engineers?
Founded in 1982, Diffusion Engineers Limited has established itself as a leader in the manufacturing of high-quality welding consumables, wear plates, and heavy machinery for core industries. Its expertise extends to specialized repair and reconditioning services for heavy machinery and equipment, ensuring optimal performance and longevity.
Comprehensive Product Offerings
At Diffusion Engineers, it also trades in advanced wear protection powders and cutting-edge welding and cutting machines. Its state-of-the-art Super Conditioning process enhances the durability of machine components by increasing wear resistance, eliminating stresses, and improving reparability. This innovative treatment not only extends service life but also significantly reduces production costs.
Manufacturing Excellence
Its manufacturing operations are spread across four strategically located units in Nagpur, Maharashtra:
- Unit I: Special-purpose welding electrodes
- Unit II: Flux-cored wires, wear plates, and wear parts via advanced fabrication and machining
- Unit III: Coatings designed for abrasion and corrosion resistance
- Unit IV: Dedicated to the production of flux-cored wires (starting FY 2024), wear plates, and heavy engineering components
Skilled Workforce
As of February 29, 2024, Diffusion Engineers Limited boasts a highly skilled team of over 130 qualified engineers committed to driving innovation and quality in every product we manufacture.
Why Choose Diffusion Engineers Limited?
- Expertise: Decades of experience in welding and wear solutions.
- Innovation: Cutting-edge technologies to enhance machinery performance.
- Quality Assurance: Rigorous standards ensuring the highest quality in all products.
- Cost Efficiency: Solutions designed to reduce operational costs while extending machinery life.
For more information, click www.diffusionengineers.com
Diffusion Engineers IPO GMP, Particulars & Guidance
| Diffusion Engineers IPO Details | |
| IPO opens on | 26 September 2024 |
| IPO closes on | 30 September |
| Issue Type | Book Built Issue IPO |
| Issue Size | 94,05,000 Sh /Rs 158 Cr |
| * Fresh Issue | 94,05,000 Sh /Rs 158 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 2 |
| Price Band | Rs. 159-168 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 8 per share |
| Retail Lot Size | 88 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Diffusion Engineers? | Shares | Rs. in Cr |
| QIB (50 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (35 %) | ? | ? |
| Employees | – | – |
| Total Shares | 9405,000 | 158 |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Diffusion Engineers IPO ? |
Amount Rs. |
|
| Min Retail Application | 88 Shares | 14,784 |
| Max Retail Application | 1144 Shares | 1,92,192 |
| Small HNI (Min) application | 1232 Shares | 2,06,976 |
| Small HNI (Max) application | 5896 Shares | 9,90,258 |
| Big HNI Application | 5984 Shares | 10,05,312 |
| What is the timetable of Diffusion Engineers IPO? |
|
| IPO opens on | 26 September 2024 |
| IPO Closes on | 30 September 2024 |
| IPO Allotment on | 1 October 2024 |
| Unblocking of ASBA | 3 October 2024 |
| Credit of Shares | 3 October 2024 |
| Listing on | 4 October 2024 |
| Registered Office of Diffusion Engineers | |
| T-5 & T-6, Nagpur Industrial Area, MIDC, Hingna, Nagpur -440016 Maharashtra |
|
| Who are the Lead Managers of Diffusion Engineers IPO? Unistone Capital Private Limited |
|
| Registrar to IPO | |
| Bigshare Services Private Limited |
| Diffusion Engineers IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 208.75 | 17.05 | ||
| 2022-23 | 258.67 | 22.15 | ||
| 2023-24 | 285.56 | 30.08 | 10.94 | 18.52 |
| Book Value of the Share on 31.03.2024 |
Rs. | 68.06 | ||
|
BV of the Share |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Diffusion Engineers IPO Ratio Analysis |
|
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Diffusion Engineers IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Diffusion Engineers | 15.28 | ||
| Ador weldings | 29.00 | ||
| AIA Engineering | 35.88 | ||
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Diffusion Engineers IPO Review
This is the much-awaited IPO. Soon we shall post our review
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