Diffusion Engineers Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Diffusion Eng

CMP

246.92

+11.75 (5.00%)

  • DRHP
₹168

Offer Price

₹ 157.96 Cr

Issue Size

₹ 14,784

Min Investment

114.49x

Times Subscribed

88

Lot size

Time Line

  • 26
    Sep 2024
    Open
  • 30
    Sep 2024
    Close
  • 01
    Oct 2024
    Finalisation of Basis of Allotment
  • 03
    Oct 2024
    Initiation of Refunds
  • 03
    Oct 2024
    Transfer of Shares to Demat Account
  • 04
    Oct 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Strategic expansion by venturing into nickel, cobalt and iron-based powder manufacturing for enhanced welding consumables portfolio.

  • Expanding our geographical reach.

  • Strategic Leasing and Maintenance Business Model for Heavy Equipment.

  • Diversifying our Anti Wear Solutions and Heavy Engineering Equipment business into new industries.

Strengths

  • Synergistic business models focused on forward integration.

  • Serving industry major players directly as well as through OEMs.

  • Consistent financial performance.

  • Long-standing relationships with customers across industries.

  • Experienced promoters and strong management team.

Risks

  • The Company is increasingly dependent on a domestic market for its sales and any a downturn in it could dent its market share.

  • The Company had negative cash flows during certain fiscal years in relation to its operating, investing and financing activities. Sustained negative cash flows in the future would adversely affect its results of operations and financial condition.

  • The company operates from four Manufacturing Facilities all of which are located in Nagpur, Maharashtra and therefore, any localized social unrest, natural disaster or breakdown of services or any other natural disaster in and around, Nagpur, Maharashtra or any disruption in production at, or shutdown of, all its manufacturing units could have material adverse effect on its business and financial condition.

  • Its business is dependent on the performance of certain other industries. Economic cyclicality coupled with reduced demand in these other industries, in India or globally, could adversely affect its business, results of operations and financial condition.

  • Its proposed plans with respect to funding the capital expenditure requirements as per its Objects of the Issue is subject to the risk of unanticipated delays in obtaining approvals and implementation. �

Company Promoters

Promoters Holding

Issue For IPO
93.10%
Pre Holding

93.10%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 204.59 (32.80%) 254.88 (24.60%) 278.14 (9.10%)
Gross Profit 26.14 (48.80%) 32.50 (24.30%) 45.63 (40.40%)
Net Income 17.02 (52.80%) 22.16 (30.20%) 30.66 (38.40%)
Assets 146.08 (13.80%) 191.09 (30.80%) 226.45 (18.50%)
Liabilities 25.43 (-23.30%) 49.09 (93.00%) 35.75 (-27.20%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Diffusion Engineers Ltd 254.88 22.16 191.09 49.09 16.86 59.31 379.98 3.54 0.25
Ador Welding Ltd 776.76 59.29 451.68 451.68 18.32 43.60 237.88 13.12 0.05
AIA Engineering Ltd 4,908.77 1,055.93 6,631.20 6,631.20 18.55 111.95 604.35 15.92 0.09

Book Running Managers

  • Unistone Capital Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

T 5 & 6 M I D C,
Nagpur Industrial Area Hingna,
Nagpur - 440016
Phone : 91-9158317943 Email : cs@diffusionengineers.com www.diffusionengineers.com

Offer Related Information

Initial public offer of up to 9,405,000 Equity Shares of face value of Rs.10 each ("Equity Shares") of Diffusion Engineers Limited ("Company or "Issuer") for cash at a price of Rs. 168 per Equity Share (including a share premium of Rs. 158 per Equity Share) ("Issue Price") Aggregating up to Rs. 157.96 crores ("Issue"). This issue includes a Reservation of up to 50,000 Equity Shares of face value of Rs.10 each Aggrategating to Rs. 0.8 crores (constituting up to 0.13% of the post-issue... More

News

  • No Data Found.

Diffusion Eng FAQ's

The shares of Diffusion Eng were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Diffusion Eng IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Diffusion Eng public issue was 125 shares.

The price band of the IPO of Diffusion Eng was Rs. 114 to Rs. 120 per equity share.

Diffusion Eng IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Diffusion Eng IPO.

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